Principal Analyst, Compensation & Benefits

Additional Location(s): Costa Rica-Coyol; Argentina-Buenos Aires; Chile-Santiago; Colombia-Bogota; Costa Rica-Heredia; Mexico-DF-Benito Juárez; Peru-Lima

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve. Boston Scientific is proud to be an equal opportunity and affirmative action employer and has been recognized with the Catalyst Award in 2022, a prestigious recognition of diversity, equity and inclusion excellence. Also, we have a Gender Equality Policy to support our commitment.

Hybrid Roles:

Boston Scientific's hybrid workplace includes WFH and onsite. You will have the opportunity to discuss details in the interview. 

About the role:

The Total Rewards Principal Analyst will lead the design, implementation, and maintenance of comprehensive compensation and benefits programs that support the company's strategic objectives and talent strategy.

Your Responsibilities Include:

• Develop and execute total rewards strategies that attract, motivate, and retain top talent, with a focus on Latin American markets.
• Conduct market analysis to benchmark compensation and benefits offerings against industry standards, particularly in commercial and manufacturing sectors.
• Partner with HR and business leaders to understand needs and provide total rewards solutions that are tailored to diverse business environments.
• Manage annual compensation processes, including merit increases, bonuses, and equity grants.
• Oversee benefits program design, vendor management, and employee communication, ensuring relevance and competitiveness.
• Participate or lead total rewards projects on a local, regional, and global scope.
• Collaborate with international colleagues to contribute to global projects and initiatives.
• Analyze and provide expertise on total rewards metrics, pay decisions and job evaluation to inform decision-making and strategy adjustments.
• Drive change management initiatives related to total rewards, ensuring smooth transitions and alignment with business goals.
• Design and manage variable payment and commission plans that incentivize performance and align with business objectives.

What we're looking for:

Our company is seeking a highly skilled Total Rewards Principal Analyst to join our HR team and help design and implement comprehensive total rewards strategies. The ideal candidate must have extensive experience in Total Rewards, strong analytical skills, and exhibit leadership and influence. They should be business-focused and highly adaptable to evolving circumstances.

• Licenciature degree in Administration of Human Resources or Field Related
• English Level desired: 80-89%.
• Experience: At least 7 years
• Or an equivalent combination of education and experience
• Technical Competencies: Salary bands; Market surveys (Willis Towers Watson, Mercer, PWC), Legal guidelines, Numerical skills, HRIS systems, preferably SuccessFactors, and Microsoft Office Suite.
• Comprehensive knowledge of total rewards best practices, current trends, and regulatory requirements, with a specialization in Latin American markets and a focus on benefits and wellbeing.

This position will be hired in any of these countries: Costa Rica, Mexico, Colombia, Argentina, Peru or Chile.

Requisition ID: 584376

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!

Benefits • Life-Work Integration • Community • Career Growth

At Boston Scientific, you will find a collaborative culture driven by a passion for innovation that keeps us connected on the most essential level. With determination, imagination, and a deep caring for human life, we’re solving some of the most important healthcare industry challenges. Together, we’re one global team committed to making a difference in people’s lives around the world. This is a place where you can find a career with meaningful purpose—improving lives through your life’s work.