HR_Principal Compensation Analyst_Shanghai

Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.

Responsibilities may include the following and other duties may be assigned.

• Develops, implements, administers compensation and incentive policy, procedures, practices, and programs.
• Conducts surveys and studies labor markets to determine compensation trends; analyzes jobs, and reviews job descriptions and specifications; applies job evaluation techniques to establish equitable compensation rates within the organization as compared with rates in industry; analyzes government regulations, company policies, and agreements with labor unions to establish standard rates; reviews classification and compensation changes and makes recommendations with respect to tasks to be performed, qualifications of employee, and company policy and budgetary limitations; provides guidance and makes recommendations to line managers and generalists on all compensation issues; and interprets laws regulating compensation practices.
• Partners with Human Resources management to develop competitive initiatives to drive business strategies.
• May be responsible for executive compensation, incentive plan and stock option administration.
• May prepare and deliver employee communications and training programs.

Position Description:

This position is responsible for design, implementation, and continuous optimization of Total Rewards policies, programs, and processes.  The role serves as a Total Rewards partner to business leaders, HR Business Partners, and cross-functional stakeholders, providing end-to-end rewards solutions that align with business priorities and workforce needs across the organization.

Key Responsibilities:

• Leads or participates in compensation programs’ review and implementation to ensure external competitiveness and internal equity
• Serves as a trusted Total Rewards partner to the business by applying strong business acumen, evaluating market trends and workforce insights, and providing end-to-end total solutions aligned with business strategies and talent needs
• Designs and manages Sales Incentive Plans based on sales models and product lifecycle, with the ability to independently develop incentive plans, oversee the implementation, and recommend enhancements
• Applies an employee experience mindset to Total Rewards design and communication, improving employee perceived value of total rewards through effective communication approaches

Job Requirements:

• Bachelor’s Degree or above and a minimum of 6 years of compensation related experience, preferably in a large organization, with solid experience in compensation programs management, sales incentive plan design, and etc.
• Good understanding of Total Rewards principles, market benchmarking, compensation structures, incentive programs, and rewards governance
• Strong business acumen, analytical capability, and the ability to influence senior stakeholders with data-driven recommendations
• Strong communication skills in both Mandarin and English
• Ability to work collaboratively in a matrix environment
• Demonstrated project management and change management capability
• Awareness of AI and process innovation, with a continuous improvement mindset

SPECIALIST CAREER STREAM: Typically an individual contributor with responsibility in a professional discipline or specialty. Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results. May act as a mentor to colleagues or may direct the work of other lower level professionals. The majority of time is spent delivering and overseeing the projects – from design to implementation - while and adhering to policies, using specialized knowledge and skills normally acquired through advanced education.

DIFFERENTIATING FACTORS

Autonomy: Recognized expert, managing large projects or processes .
Exercises considerable latitude in determining deliverables of assignments, with limited oversight from manager .
Coaches, reviews and delegates work to lower level specialists.

Organizational Impact: Contributes to defining the direction for new products, processes, standards, or operational plans based on business strategy with a significant impact on work group results .
May manage large projects or processes that span outside of immediate job area.

Innovation and Complexity: Problems and issues faced are difficult, moderately complex and undefined, and require detailed information gathering, analysis and investigation .
Develops solutions to moderately complex problems, and/or makes moderate to significant improvements of processes, systems or products independently to enhance performance of job area.
Implements solutions to problems.

Communication and Influence: Represents organization as a primary contact for specific projects and initiatives; communicates with internal and external customers and vendors at various levels .
May negotiate with others to reach understanding or agreement, and influence decision-making.

Leadership and Talent Management: Typically provides guidance, coaching and training to other employees within job area.
Typically manages major / moderately complex projects, involving delegation of work and review of work products, at times acting as a team leader.

Required Knowledge and Experience: Requires mastery of a specialty area and full knowledge of industry practices, typically obtained through advanced education combined with experience.
May have broad knowledge of project management.
Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. § 214.2(h)( 4)(iii)(A) and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.

Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. 

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Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create.  We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.