Compensation and Benefits Analyst

Job Description

About Altera:

Altera empowers customers to unlock the full potential of data through cutting-edge programmable platforms. In Q4 2023, Intel announced Altera will be reported as a separate business unit beginning on January 1, 2025 with ongoing support from Intel. This will give Altera the autonomy and flexibility it needs to fully accelerate its growth and more effectively compete in the FPGA industry, which serves a broad array of markets, including the data centre, communications, industrial, automotive, aerospace and defence sectors.

This position is associated with that standalone business strategy and is expected to fully transition to a standalone company at some time in the future.

Key Responsibilities

• Design of Compensation and Benefits Programs: Lead the design of compensation and benefits programs, ensuring alignment with organizational objectives and providing value to employees. This includes a thorough understanding of plan features, funding mechanisms, and government regulations.
• Position Evaluations and Job Classifications: Conduct position evaluations and job classifications. Assess the budgetary impact of compensation decisions and ensure compliance with regulations and labor laws.
• Market Research and Analysis: Research and analyze competitive compensation and benefits practices in the job market to inform program design and adjustments.
• Annual Salary Review Program: Assist and collaborate in the planning, coordination, facilitation, administration, and reporting of the annual salary review program for regular staff employees.
• Compliance and Governance: Assist with compliance and governance of all compensation plans and programs. Identify risks and participate in various audits, both internal and government-mandated.
• Compensation Tools and Resources: Design and apply compensation-related tools, processes, and resources for managers and employees. Provide consulting and counsel in support of business-aligned compensation leaders regarding executive compensation-related issues.
• Benefits, Leave of Absence and Retirement Programs Administration: Serve as the point of contact to administer Benefits, Leave of Absence and Retirement programs/plans. Manage relationships with external vendors and/or consultants on the design, strategy, and continual execution of these programs.
• Coordination with Plan Administrators: Coordinate with plan administrators, insurance carriers, and the payroll office in designing a comprehensive benefits package to meet the needs of the workforce.
• Legal Compliance and Audits: Assist with compliance and governance of all compensation and benefits plans and programs. Identify risks and participate in various internal and government-mandated audits and testing. Partner with Legal to prepare responses to various audiences, including plan participants/employees and plan committees.

Qualifications

• Bachelor's degree or equivalent experience in Human Resources, Business Administration, or related field.
• Proven experience as a Compensation and Benefits Analyst or a similar role.
• Strong understanding of compensation and benefits plan design, funding mechanisms, and government regulations.
• Experience in conducting position evaluations, job classifications, and assessing the budgetary impact of compensation decisions.
• Proficiency in researching and analyzing competitive compensation and benefits practices in the job market.
• Excellent knowledge of compliance and governance of compensation and benefits plans.
• Strong analytical and problem-solving skills.
• Exceptional interpersonal and communication skills.
• Ability to coordinate with plan administrators, insurance carriers, payroll offices, and external vendors.
• Experience with legal compliance and participation in audits is an advantage.

Additional Qualifications

• Certification in Compensation and Benefits (CCP, CBP, or equivalent).
• Experience in a multi-national corporation.
• Proficiency in HRIS and compensation management software.

Inside this Business Group

The Programmable Solutions Group (PSG) was formed from the acquisition of Altera. As part of Intel, PSG will create market-leading programmable logic devices that deliver a wider range of capabilities than customers experience today. Combining Altera's industry-leading FPGA technology and customer support with Intel's world-class semiconductor manufacturing capabilities will enable customers to create the next generation of electronic systems with unmatched performance and power efficiency. PSG takes pride in creating an energetic and dynamic work environment that is driven by ingenuity and innovation. We believe the growth and success of our group is directly linked to the growth and satisfaction of our employees. That is why PSG is committed to a work environment that is flexible and collaborative, and allows our employees to reach their full potential.

Posting Statement

All qualified applicants will receive consideration for employment without regard to race, color, religion, religious creed, sex, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, military and veteran status, marital status, pregnancy, gender, gender expression, gender identity, sexual orientation, or any other characteristic protected by local law, regulation, or ordinance.

Benefits

We offer a total compensation package that ranks among the best in the industry. It consists of competitive pay, stock, bonuses, as well as benefit programs which include health, retirement, and vacation. Find more information about all of our Amazing Benefits here.

Working Model

This role will require an on-site presence.