Compensation / Benefits Analyst at Medtronic

Pune, Maharashtra, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Technology, Diabetes ManagementIndustries

Requirements

Baccalaureate Degree and 2+ years of relevant Human Resources, benefits, compensation, payroll or finance experience OR Advanced Degree
Experience with APAC Benefits administration; specifically, India and/or Philippines
Fluent in English
Agile, with excellent attention to detail
Proficient in Workday, Excel, Word, Power Point and Outlook
Strong written & verbal communication skills

Responsibilities

Responsible for Benefits administration (Company & Government) for APAC Locations, in line with Local policy and legislation
Support the Global Benefits team in the design & delivery of regional benefits programmes; to include gathering information, reporting, data analytics
Regional Point of Contact for HR team and Business Leads on Benefits related queries
Partner with local stakeholders (TA, Payroll, Finance) to ensure effective and efficient delivery of our Benefits Programmes
Co-ordinate employee insured benefit renewals and recommendations with local broker, ensuring information is accurate and timely
Support in the implementation of global benefits administration technology
Evaluate current programs through research, survey and analysis of benefits trends to ensure plans are competitive and current
Review and update employee benefit communications
Support with employee leave administration
Assist with ensuring internal and external compliance with local legislation, benefit regulations and company policies
Deliver an exceptional employee experience by ensuring timely responses
Identify opportunities to simplify and enhance current processes
Provide support to the Global Compensation team on key areas such as ARP (annual rewards planning) and Allowances
Support special projects as required

Skills

Benefits Administration

Data Analytics

HR Reporting

Stakeholder Management

Payroll Coordination

Insurance Renewals

Policy Compliance

APAC Regulations

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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