Compensation Analytics Principal Analyst

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Job Description
Are you looking for a patient-focused company that will inspire you and support your career? If so, be empowered to take charge of your future at Takeda. Join us as the Compensation Analytics Principal Analyst in the Boston area. Here, everyone matters, and you will be a vital contributor to our inspiring, bold mission.
About the Role:
The Compensation Analytics Principal Analyst is responsible for compensation surveys, salary benchmarking, and structures for the US Region. The role also develops compensation analytics and digital tools and will support global pay equity analytics.
Primary Responsibilities:
Compensation Benchmarking Lead for US Region

• Primary contact for US market intelligence. Responsible for survey submission, data aggregation and analysis. Provides annual survey benchmarking and salary structures for the US Regular, Premium, MD, Sales, Executive, and Intern structures. Partners with Director Market Insights and US Comp Partners on annual US structure refresh, new salary structure/range builds, and larger projects/initiatives.
• Provides in-depth analysis for use in presentations with respect to market data analysis, data trends, and ad hoc market data analysis/requests
• Participates in spot surveys, salary surveys, data audits, file uploads, as required
• Keeps current and advises HR on US market and industry trends

Digital Tools, Analytics, and Governance

• Builds processes to streamline and transform MarketPay/current excel data loads and audits using digital tools (e.g. using excel macros, dot net tools or other internal digital resources)
• Develops analytics/tools to assist comp team with executive offers and benchmarks and develop process flow automation using new digital applications/AI (Powerautomate)
• Develops/designs innovative compensation analytics in Visier to drive new insights; explores linkages between Visier, Workday and MarketPay
• In partnership with HR Technology and Compensation Operations, evaluates new and existing Workday compensation plans and rules, assessing opportunities to streamline and support job architecture principles

Pay Equity Support

• Supports Takeda's Global Pay Equity program in partnership with the Pay Equity team by performing ETL (Extract, Transform, Load) and working with R-values (statistical measures)
• Audits pay equity source information, including investigating linkages to Workday compensation plans and rules, and supports/troubleshoots R coding and data cleaning as needed during the pay analytics cycle
• Prepares analytics for presentations of results to HR and business

External Research and Market Intelligence

• Leverages AI to organize existing and incoming external market data intelligence into a comprehensive library
• Responsible for year-over-year country salary budgets vs. competitive trends
• Evaluates annual survey job library updates for major changes to jobs/methodology

Skills and Qualifications:

• University degree preferred with at least 3 years of relevant experience
• Prior compensation survey and benchmarking experience required, with experience in MarketPay preferred
• Expert user of Excel is required; employs data mining techniques to extract valuable insights from large datasets
• Working knowledge of programming languages like VBA, R programming or Python is required
• Prior experience with data visualizations, analytics, and reporting and/or dashboards in Workday, Visio, PowerBI or similar systems and tools is required
• Executes complex compensation analyses independently, has strong abilities in problem definition and problem solving, occasionally advising others and making recommendations
• Analyzes and audits data meticulously to inform compensation decisions; maintains high attention to detail in all tasks, advising others on precision.
• Designs and delivers compelling analytics for use in presentations; ability to simplify complex datasets and concepts into understandable information
• Occasional travel (<10%) to industry/vendor conferences and meetings may be required
• Hybrid to Lexington MA or Cambridge MA 5 days minimum per month in office

#LI-Hybrid
Takeda Compensation and Benefits Summary
We understand compensation is an important factor as you consider the next step in your career. We are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices.
For Location:
Lexington, MA
U.S. Base Salary Range:
$99,500.00 - $156,420.00
The estimated salary range reflects an anticipated range for this position. The actual base salary offered may depend on a variety of factors, including the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job. The actual base salary offered will be in accordance with state or local minimum wage requirements for the job location.
U.S. based employees may be eligible for short-term and/ or long-term incentives. U.S. based employees may be eligible to participate in medical, dental, vision insurance, a 401(k) plan and company match, short-term and long-term disability coverage, basic life insurance, a tuition reimbursement program, paid volunteer time off, company holidays, and well-being benefits, among others. U.S. based employees are also eligible to receive, per calendar year, up to 80 hours of sick time, and new hires are eligible to accrue up to 120 hours of paid vacation.
EEO Statement
Takeda is proud in its commitment to creating a diverse workforce and providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, parental status, national origin, age, disability, citizenship status, genetic information or characteristics, marital status, status as a Vietnam era veteran, special disabled veteran, or other protected veteran in accordance with applicable federal, state and local laws, and any other characteristic protected by law.
Locations
Lexington, MAUSA - MA - Cambridge
Worker Type
Employee
Worker Sub-Type
Regular
Time Type
Full time
Job Exempt
Yes
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.