Compensation Analyst (Cambridge, MA)

Job Title

Job Description

Looking to take the next step in your Total Rewards career? Join the Philips Americas Total Rewards team as a Compensation Analyst.  In this role, you’ll be a key member of the Philips People Business Services Rewards team within the global People function, providing critical support to U.S. Compensation Leads. You’ll contribute to the implementation and management of compensation programs, analyze data to guide decision-making, identify opportunities for process improvement, and stay abreast of market trends.

Your role:

• Supports Compensation Leads with stakeholder management and leads or contributes to projects involving salary reviews, promotions, and market adjustments. Collaborates closely with People Partners (PPS) and Talent Acquisition (TA) on compensation-related processes and initiatives. Conducts salary benchmarking and job evaluations to determine appropriate compensation levels and ensure equitable pay practices across the organization.

• Participates in compensation surveys and analyzes data to provide market insights and recommendations. Supports the annual compensation review cycle, including data audits, system preparation, and reporting. Maintains compensation structures such as salary ranges, geographic pay differentials, and job classifications. Prepares and presents ad hoc compensation analyses and recommendations to inform decision-making and ensure alignment with organizational goals.

• Contributes to the design and successful implementation of reward programs, processes, and tools. Ensures compliance with federal, state, and local compensation regulations in the U.S. by staying current on relevant legislation and best practices. Participates in cross-functional projects as needed within the Total Rewards function to support broader organizational goals.

You're the right fit if:

• You’ve acquired 2+ years of experience in compensation, total rewards or related areas

• Your skills include proficiency in Microsoft Excel, other data analysis tools, and Power BI; possess strong analytical and quantitative skills. Also, have experience with HRIS and compensation software (preferably Workday), as well as knowledge of compensation laws and regulations.

• You have a Bachelor's degree in Human Resources, Business, Finance, or a related field.

• You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

• You're an excellent communicator, a well-organized multi-tasker with strong attention to detail and solid presentation skills. You have a proven ability to manage time effectively, meet deadlines, and juggle multiple priorities in a fast-paced environment. Whether working independently or as part of a team, you demonstrate sound judgment and professionalism. You also handle highly confidential information with discretion and integrity.

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

This is an office role.

About Philips 

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality of healthcare that we all deserve. Do the work of your life to help improve the lives of others.  

• Learn more about our business.  

• Discover our rich and exciting history.  

• Learn more about our purpose.  

• Learn more about our culture. 

Philips Transparency Details

The pay range for this position in Cambridge, MA is $100,000 to $159,000.

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.    

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives, may be offered.  Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.  Details about our benefits can be found here. 

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. 

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position.  For this position, you must reside in or within commuting distance to Cambridge, MA.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.