Rewards Specialist, USA Retirement Plans (Cambridge, MA or Nashville, TN)
Rewards Specialist, USA Retirement Plans (Cambridge, MA or Nashville, TN)
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Job Description
Job Title
Rewards Specialist USA Retirement Plans (Cambridge MA or Nashville TN)Job Description
The Rewards Specialist USA Retirement Plans develops recommendations plans and monitors rewards delivery to ensure the total rewards offered to employees are in line with market benchmarks & performance for retirement plans specifically 401K. The role provides guidance to employees managers and recruiters as well as conducts market analysis to develop competitive programs to attract top talent and comply with local regulations. You will work with cross-functional teams to implement reward programs that support broader business objectives handles job evaluations and conducts audits to guarantee compliance with legal and Philips internal policies.
Your role:
Manages comprehensive rewards programs including budgeting for merit increases retention strategies and incentive plans; conducts market analysis and forecasting to ensure alignment with corporate strategy and leads compensation benchmarking and policy development to support competitive and compliant practices.
Oversees USA retirement plans with a focus on 401(k) pension and non-qualified planshandling plan amendments fund changes annual testing forfeiture management cost forecasting and regulatory reporting (e.g. Form 5500 IAS19 compliance non-discrimination testing); facilitates Retirement Committee meetings and coordinates audits and reconciliations to ensure operational excellence.
Provides expert guidance to managers recruiters and employees on rewards and retirement programs; manages vendor relationships collaborates with payroll legal and procurement teams and drives participant engagement through communications outreach and trainingensuring transparency compliance and a positive employee experience.
Youre the right fit if:
Youve acquired 3 years experience in areas such as Benefit/Rewards Management Human Resources or equivalent OR no prior experience required with Masters Degree.
Your skills include experience with rewards policies regulatory compliance and data analysis combined with strengths in program management resource planning continuous improvement and technology acumen to support efficient and compliant rewards strategies. You bring expertise in rewards administration market intelligence and auditing techniques along with a consultative approach to stakeholder and vendor management.
You have a Bachelors Degree in Human Resources Business Administration or equivalent.
You must be able to successfully perform the following minimum Physical Cognitive and Environmental job requirements with or without accommodation for this position.
Youre an excellent communicatorpersuasive assertive and proactive in solving problems and coordinating priorities across stakeholders. You bring strong knowledge of USA benefits plans with specific experience in 401(k) non-qualified DC and DB plans and DB pension plans along with sharp analytical skills attention to detail and vendor management expertise. Proficient in Microsoft Excel you manage multiple priorities with ease working both independently and collaboratively to deliver results.
How we work together
We believe that we are better together than apart. For our office-based teams this means working in-person at least 3 days per week. Onsite roles require full-time presence in the companys facilities. Field roles are most effectively done outside of the companys main facilities generally at the customers or suppliers locations.
This is an office role.
About Philips
We are a health technology company. We built our entire company around the belief that every human matters and we wont stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.
Learn more about our business.
Discover our rich and exciting history.
Learn more about our purpose.
Learn more about our culture.
Philips Transparency Details
The pay range for this position in Nashville TN is $90000 to $142000.
The pay range for this position in Cambridge MA is $100000 t0 $159000.
The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills experience business needs geographical location and internal equity.
In addition other compensation such as an annual incentive bonus sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program which includes a generous PTO 401k (up to 7% match) HSA (with company contribution) stock purchase plan education reimbursement and much more. Details about our benefits can be found here.
At Philips it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.
Additional Information
US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa now or in the future.
Company relocation benefits will not be provided for this position. For this position you must reside in or within commuting distance to Nashville TN or Cambridge MA.
This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.
Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
