Compensation Specialist II

Shimadzu Scientific Instruments
life insurance, paid time off, tuition assistance, 401(k)
United States, Maryland, Columbia
Mar 24, 2025
Description Compensation Specialist II Location: Columbia, MD Salary: $83,000 to $85,000 per year Who are we? Established in 1975, Shimadzu Scientific Instruments is one of the largest suppliers of analytical instrumentation, physical testing, and environmental monitoring systems in the world. Ground-breaking scientific research, manufacturing ideas and results continue to propel Shimazu's outstanding reputation and "Excellence in Science." People dedicated to our mission have the largest impact on Shimadzu's continued growth and success. Would YOU like to join a diverse team of professionals working together with researchers, scientists and manufacturers to help better lives worldwide? What can Shimadzu offer YOU? Our Culture - A work environment that values diversity, inclusion & belonging Competitive Compensation - Day 1 Benefits & Competitive Salary Retirement Benefits - Matching 401K & Profit-Sharing Program Professional Growth - Clear pathways for Career, Leadership and Personal Development Health Benefits - Flexible Spending/Health Savings Accounts Work-Life Balance - Generous & Front-Loaded Paid Time Off Plan Education - Tuition Assistance Program for both graduate and undergraduate levels Insurance Perks - Pet Insurance, optional Identity theft, legal pre-paid and critical care buy-up insurance benefits, generous company paid life insurance & short-term disability programs Work Flexibility - Business casual Dress Attire & casual (jeans) Friday! Employee Engagement - Employee Resource Groups to network, build a sense of community and enhance one's career and personal development ADDITIONAL COMPENSATION: For Service, Technical Support, Marketing & Sales Roles: Additional compensation is available through either an Incentive and/or Commission Plan. For Employees who reside in Connecticut, Massachusetts, New Jersey and California: Additional compensation is offered through a Cost-of-Living Adjustment (COLA) Shimadzu Scientific Instruments is seeking a Compensation Specialist II to join our team. In this role, you will assist in designing, implementing and maintaining compensation programs that help attract, retain and motivate talent. Your contributions will directly impact Shimadzu's compensation policies, including variable compensation, promotion processes, COLA and annual pay raises. This position offers you the opportunity to work across departments, influencing compensation strategy while ensuring alignment with business goals. JOB FUNCTIONS INCLUDE, BUT ARE NOT LIMITED TO: Develop and maintain competitive pay bands and structures for all roles, ensuring alignment with the company's compensation strategy. Administer and update variable compensation plans, including commissions, bonuses, and incentives for various roles. Handle the calculation and processing of compensation on variable pay plans, ensuring accuracy and compliance. Participate in salary surveys and analyze external market data to ensure competitive compensation practices. Manage the COLA program by calculating adjustments for new hires, annual increases, and maintaining market competitiveness. Assist with the promotion process, including evaluating roles, approving promotions, and ensuring proper documentation and alignment with pay raises. Support the year-end bonus and pay increase processes, reviewing equity and ensuring accuracy. Collaborate with HR, payroll, and other departments to streamline compensation workflows and address employee inquiries. Assist with developing and updating compensation policies and procedures, ensuring consistency and fairness across the organization. EDUCATION AND QUALIFICATIONS: Bachelor's degree in a related field is required. Minimum of 3 years of experience in compensation, including knowledge of variable compensation plans and salary structures. Strong proficiency in Excel and experience with HR software (preferably UKG). Familiarity with compensation laws and regulations (federal, state, and local). Certification in Compensation (CCP) or HR-related certifications is preferred. Strong analytical, communication and organizational skills. At Shimadzu Scientific Instruments, we believe in providing structured career paths that recognize and reward talent. If your expertise surpasses the level specified in the listed position, we offer the flexibility to upgrade positions to better suit your qualifications accompanied by a salary adjustment. Compensation & Benefits: This exempt, full-time position offers a starting salary range of $83,000 to $85,000 annually, paid semi-monthly. Eligible benefits include a 401K matching program and discretionary yearly contributions, with detailed information provided at the final interview stage. Additional variable compensation may include a discretionary year-end bonus based on overall company performance. In your first year, you will receive 10 paid vacation days, 8 paid personal days, 8 scheduled holidays, and 3 floating holidays. After one year, you'll have access to a generous short-term disability program, with premiums fully covered by the company. Employees are insured at 100% of their salary for the first 6 weeks and 66 2/3% for weeks 7 to 12. For more details on benefits, please visit www.ssi.shimadzu.com/jobs. Shimadzu is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at Shimadzu via email, the Internet or in any form and/or method without a valid written search agreement in place for this position (and agency was requested to work the requisition) will be deemed the sole property of Shimadzu. No fee will be paid in the event the candidate is hired by Shimadzu as a result of the referral or through other means. EEO Statement: Shimadzu Scientific Instruments (SSI) is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity or expression, genetic information, immigration status, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application process, please click here. Qualifications Behaviors Functional Expert - Considered a thought leader on a subject Thought Provoking - Capable of making others think deeply on a subject Detail Oriented - Capable of carrying out a given task with all details necessary to get the task done well Innovative - Consistently introduces new ideas and demonstrates original thinking Dedicated - Devoted to a task or purpose with loyalty or integrity Education Bachelors (required) Licenses & Certifications CPP (preferred) Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)