Compensation Analyst at Medtronic

Gurugram, Haryana, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree with 3-7 years of relevant experience
Practical knowledge and demonstrated competence within job area, typically obtained through advanced education combined with experience
Ability to work independently with general supervision on larger, moderately complex projects/assignments
Established and productive individual contributor

Responsibilities

Identify and leverage key data sets, AI-driven tools, and advanced analytics to integrate pay, performance, and business outcomes, delivering actionable insights that enhance decision-making, scale Total Rewards strategies, and drive strategic alignment for greater impact and efficiency
Translate complex datasets into clear, compelling stories that message both the “what” and the “why,” tailoring insights to effectively engage diverse audiences, including executives, people leaders, and employees
Drive Total Rewards initiatives end-to-end, from solution design within the Center of Expertise (COE) to seamless implementation across broader HR services
Identify, develop, and implement process improvement opportunities that enhance efficiency, standardization, and impact across Total Rewards programs
Ensure accuracy, compliance, and data integrity across all Total Rewards programs, models, and reporting mechanisms
Deliver and/or manage projects assigned, work with other stakeholders to achieve desired results, and may act as a mentor to colleagues or direct the work of lower-level professionals
Set objectives for own job area to meet project and assignment goals, contribute to project milestones, and may have involvement in cross-functional assignments
Solve general problems by making adjustments or recommending enhancements in systems and processes, using specialized knowledge and skills
Communicate primarily and frequently with internal contacts to share information, status, needs, and issues to inform, gain input, and support decision-making
Provide guidance and assistance to entry-level professionals and/or employees in Support Career Stream

Skills

Key technologies and capabilities for this role

Advanced AnalyticsAI-driven ToolsData AnalysisTotal RewardsProcess ImprovementStorytellingProject ManagementHR ReportingComplianceData Integrity

Questions & Answers

Common questions about this position

What is the salary or compensation for the Compensation Analyst role?

This information is not specified in the job description.

Is this Compensation Analyst position remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Compensation Analyst position?

The role requires practical knowledge and experience in leveraging key data sets, AI-driven tools, advanced analytics, translating complex datasets into stories, and ensuring data accuracy, compliance, and integrity in Total Rewards programs.

What is the company culture like at Medtronic for this role?

Medtronic emphasizes a life-long career of exploration and innovation, leading with purpose to champion healthcare access and equity, while breaking down barriers to innovation in a connected, compassionate world.

What makes a strong candidate for the Compensation Analyst role?

Strong candidates are established individual contributors who work independently with general supervision on moderately complex projects, possess specialized knowledge from advanced education, and can deliver projects from design to implementation while ensuring compliance and driving process improvements.

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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