Sr Compensation Analyst

Woodward FST; Niles (IL); Hybrid; USD 85,000 - 125,000; Full time

Benefits offered by this job

401(k) match

Annual stock contribution

Tuition reimbursement

12 paid holidays

Medical, dental, vision insurance

Parental leave

Life/AD&D

Employee Assistance Program

Flexible Spending

Job summary

Woodward is seeking a Senior Compensation Analyst to deliver market-based compensation programs and advise HR partners on pay decisions, job architecture, and market competitiveness. This role connects technical compensation knowledge with business acumen, supporting governance of career frameworks and annual incentive programs.

The ideal candidate will drive analytics, benchmarking, and cross-functional collaboration, ensuring equity and alignment with market data across Woodward's global

Qualifications

• Bachelor's degree in Arts/Sciences or equivalent related field.
• 5+ years experience in a corporate compensation department.
• Ability to consult with leaders and HR partners on compensation matters.
• Strong business acumen and ability to translate data into recommendations.
• Experience with HR systems (Workday/SuccessFactors/SAP).

Responsibilities

• Serve as a trusted compensation consultant to HR Partners on programs, market competitiveness, pay decisions, job evaluations, and talent compensation strategies.
• Partner with HR to align market practices with business objectives and Total Rewards philosophy.
• Conduct compensation analyses, market pricing, modeling, and cost impact assessments.
• Benchmark positions using salary surveys to establish competitive pay ranges.
• Lead external compensation surveys and maintain market pricing data; identify trends.
• Govern and maintain the enterprise Career Framework, including job architecture and leveling.
• Support annual compensation programs: planning, merit cycles, communications, and audits.
• Support administration of annual/quarterly incentive programs and payout validation.
• Ensure compliance with compensation laws and internal governance standards.
• Identify opportunities to enhance compensation processes, tools, and analytics.

Skills

Compensation analysis

Market pricing

Workday

HR systems

Education

BA/BS in Accounting/HR

Tools

Workday HCM

SAP

Advanced Compensation

Job description

Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards.

We are steadfastly committed to attracting the best talent across our communities creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future.

Woodward supports our members' wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

Estimated annual base pay: $85,000 - $125,000

All Levels are eligible for the benefits below:

• All members included in annual cash bonus opportunity.
• 401(k) match (4.5%)
• Annual Woodward stock contribution (5%)
• Tuition reimbursement and Training/Professional Development opportunities for all members
• 12 paid holidays
• Industry leading medical, dental, and vision Insurance upon date of hire
• Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave
• Paid parental leave
• Adoption Assistance
• Employee Assistance Program, including mental health benefits
• Member Life & AD&D / Long Term Disability / Member Optional Life
• Member referral bonus
• Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending
• Voluntary benefits, including:
  • Home / Auto Insurance discounts
  • Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave

As a Senior Compensation Analyst, you will play a critical role in delivering market-based compensation programs that support Woodward's business strategy and talent objectives. Reporting to the Director, Compensation, this position combines deep analytical expertise with strong consulting capabilities, serving as a trusted advisor to business segment HR partners on compensation strategy, market competitiveness, job architecture, and pay decisions. The ideal candidate brings a balance of technical compensation knowledge, business acumen, and relationship-building skills to help drive effective and equitable compensation outcomes across the organization.

What You Will Be Doing

• Serve as a trusted compensation consultant to business group HR Business Partners, providing expert guidance on compensation programs, market competitiveness, pay decisions, job evaluations, and talent-related compensation strategies.
• Partner with business HR partners to understand organizational needs, assess compensation implications, and develop practical solutions that align market practices with business objectives and Total Rewards philosophy.
• Conduct compensation analyses, including job evaluation, market pricing, workforce modeling and cost impact assessments to deliver insights and recommendations that drive informed decision-making.
• Benchmark positions using salary surveys and market intelligence to establish competitive pay ranges aligned to business objectives.
• Lead participation in external compensation surveys, ensuring accurate job matching, maintaining market pricing data, and identifying emerging market trends that may impact compensation strategies.
• Support the ongoing governance and maintenance of the enterprise Career Framework, including job architecture, career leveling, and market alignment activities.
• Play a key role in annual compensation programs, including salary planning and merit cycles, by supporting system configuration and testing, developing communications and training materials, performing audits, and providing analysis and reporting to stakeholders.
• Support the administration of annual and quarterly incentive programs, maintaining plan documentation, validating payouts, supporting communications, and recommending process improvements.
• Ensure compliance with compensation-related laws, regulations, and internal governance standards, including pay equity, pay transparency, wage and hour requirements, and other regulatory obligations.
• Identify opportunities to enhance compensation processes, tools, reporting capabilities, and analytics to improve efficiency, accuracy, and decision support.

What We Are Looking For

• US - Bachelor's Degree in Arts/Sciences (BA/BS) Accounting, Human Resources or in an equivalent directly related field preferred
• 5+ years Related work experience in a corporate compensation department required
• Demonstrated ability to build strong partnerships and effectively consult with leaders, HR Business Partners, and cross-functional stakeholders on complex compensation matters.
• Strong business acumen and the ability to translate compensation data into actionable recommendations and business-focused solutions.
• Exceptional analytical and problem-solving skills with experience developing compensation recommendations supported by quantitative analysis.
• Experience with HR systems (Workday/SuccessFactors/SAP), Workday HCM and Advanced Compensation preferred
• Ability to work independently, manage competing priorities, and navigate ambiguity in a dynamic, global environment.

Application window is anticipated to close 14 days from original posting date.

This information is provided in compliance with the Colorado Equal Pay for Equal Work Act and is the company's good faith and reasonable estimate of the compensation range and benefits offered for this position. The compensation offered to the successful applicant may vary based on factors including experience, skills, education, location, and other job-related reasons.

For the Rockford and Niles, IL and Zeeland, MI locations: This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR) and/or the Export Administration Regulations (EAR). All applicants must be U.S. Persons within the meaning of the ITAR and EAR, or eligible to obtain all required authorizations from the U.S. Department of State and/or the U.S. Department of Commerce. The ITAR defines a U.S. Person as a U.S. citizen or national, lawful permanent resident (i.e., 'Green Card holder'), or a protected person (e.g., asylee, or refugee).

Woodward is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, sex (including sexual orientation and gender identity), national origin, age, disability, protected veteran status, or any other category protected under federal, state, or local laws.

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