[Hiring] Compensation Analyst @Velotic Software

Role Description

Velotic is a newly launched, private equity backed manufacturing software company formed from two carve-outs, with roughly 1,200 employees across 26 countries. The Global Total Rewards team is building harmonized compensation and benefits programs for the combined organization.

The Compensation Analyst will provide hands-on analytical support across our first full compensation cycle as one company. This includes:

• Market benchmarking
• Salary range development
• Career Level Framework rollout
• Survey participation
• Year-end compensation and incentive processes

The role suits an analyst who is precise with data, comfortable working through ambiguity, and able to move quickly with sound judgment.

Qualifications

• Bachelor degree in Human Resources, Business, Finance, Economics, or a related field, or equivalent experience
• At least 5 years of compensation analysis experience, ideally in a corporate Total Rewards team or a compensation consultancy
• Hands-on experience with job matching and market pricing using Radford or comparable surveys (Mercer, WTW, Korn Ferry)
• Experience building salary structures, merit and bonus models, and compensation cycle files
• Advanced Excel skills, including lookups, pivot tables, and scenario modeling
• Strong attention to detail and a disciplined approach to data validation and audit trails
• Ability to handle confidential data with discretion

Requirements

• Market Benchmarking
  • Match Velotic jobs to Radford Global Compensation Survey benchmarks and other approved market sources, documenting match rationale and confidence
  • Pull and age market data by job, level, and country, applying the approved peer scope and market positioning
  • Prepare market pricing summaries for new roles, offers, promotions, and retention cases
• Salary Range Development
  • Build and model salary structures by grade and country using market data, with consistent midpoints, range spreads, and progression between grades
  • Assess employee placement against new ranges, including compa-ratio, range penetration, and cost to bring employees to minimum
  • Prepare range data for load into Workday and validate it after load
• Career Level Framework Project
  • Support mapping of current roles from both legacy organizations into the Velotic Career Level Framework across all career tracks and 15 grades
  • Build and maintain job catalog files, job code mapping, and title alignment trackers
  • Prepare data and materials for leveling working sessions with HR Business Partners and functional leaders, and track open decisions
• Radford Survey Submission
  • Gather, cleanse, and validate employee and job data from Workday for the annual Radford submission
  • Complete job matching and level assignment for submitted roles, resolving data gaps with HR and Payroll
  • Manage submission timelines, vendor queries, and post-submission data validation
• Compensation Review Analysis
  • Build merit, promotion, and market adjustment budget models and scenario analysis
  • Analyze pay equity, internal alignment, and pay positioning by grade, function, and country
  • Prepare dashboards and summary reporting for Total Rewards and HR leadership
• Bonus Payout Calculations
  • Calculate annual incentive payouts based on base salary, grade target percentage, company performance, and individual performance inputs
  • Handle proration for new hires, transfers, leaves, and grade changes
  • Reconcile payout files with Finance and Payroll and maintain a clear audit trail
• Year-End Performance and Compensation Processes
  • Support preparation of the Year-End Reflection Conversation and annual compensation cycle, including manager worksheets and guidelines
  • Configure and test compensation review data in Workday, and support managers and HR Business Partners during the cycle
  • Run quality checks on submitted recommendations, flag exceptions, and prepare final files for approval and Payroll
• Additional Support
  • Respond to ad hoc compensation requests and analysis from the Head of Global Total Rewards
  • Document processes, templates, and data sources so that work can transition to permanent team members at contract end

Benefits

• Competitive compensation
• 401(k) with employer match (50% up to 8%)
• Medical, dental, and vision coverage
• HSA with company contribution
• Life and AD&D insurance (2x salary, up to $1m)

Engagement Details

• Six-month contract with potential extension based on business need
• Remote, with working hours that overlap with US Central Time and Eastern business hours for key meetings

EQUAL OPPORTUNITY STATEMENT

Velotic is committed to building a diverse and inclusive workplace.