Compensation Manager

Job Description

About Altera:
Altera empowers customers to unlock the full potential of data through cutting-edge programmable platforms. In Q4 2023, Intel announced Altera will be reported as a separate business unit beginning on January 1, 2025, with ongoing support from Intel. This will give Altera the autonomy and flexibility it needs to fully accelerate its growth and more effectively compete in the FPGA industry, which serves a broad array of markets, including the data center, communications, industrial, automotive, aerospace and defense sectors.

This position is associated to that standalone business strategy and is expected to fully transition to a standalone company at some time in the future.

Summary
We are looking for a compensation manager to lead our compensation team and oversee the design, implementation, and administration of our compensation programs. You will be responsible for ensuring that our compensation strategy is competitive, aligned with our business goals, and compliant with all relevant regulations. You will also partner with senior leaders and HR business partners to create and communicate effective compensation plans that drive employee engagement and performance.

Responsibilities

• Manage the compensation team and provide guidance, coaching and development opportunities.
• Develop and implement a comprehensive and consistent compensation philosophy and framework that supports Altera's vision, values and objectives.
• Design and administer various compensation programs, including base pay, variable pay, equity, recognition, and benefits.
• Conduct market research and benchmarking to ensure our compensation programs are competitive and equitable.
• Lead the annual compensation planning cycle, including budgeting, modeling, communication and execution.
• Review and evaluate the effectiveness of the current and proposed compensation programs and policies, and recommend enhancements or changes as needed.
• Ensure compliance with all applicable laws and regulations related to compensation, such as FLSA, EEO, OFCCP, etc.
• Develop and deliver compensation training and education programs for managers and employees.
• Partner with HRIS, payroll, finance, legal and other stakeholders to ensure accurate and timely data management and reporting.
• Stay abreast of the latest trends and best practices in compensation and total rewards.

As a successful candidate, you must possess:

• Excellent analytical, problem-solving, decision-making and project management skills.
• Strong communication, presentation, negotiation and influencing skills.
• Willingness to work effectively with senior leaders, HR business partners and cross-functional teams.
• High level of integrity, discretion and confidentiality.
• Proficient in Microsoft Office, HRIS and compensation software.

Qualifications

You must possess the below minimum qualifications to be initially considered for this position. Preferred qualifications are in addition to the minimum requirements and are considered a plus factor in identifying top candidates. This position is not eligible for Intel Immigration sponsorship.

Minimum Qualifications
- 8+ years of:

• Progressive experience in compensation or total rewards, preferably in a global organization.
• Expertise in designing and administering base pay, variable pay, equity, recognition, and benefits programs.

Preferred Qualifications
- Bachelor's degree in human resources, business administration, finance or related field.
- Certified Compensation Professional (CCP) or other relevant certification preferred.
- 8+ years of:

• Strong knowledge of compensation principles, practices, methodologies, and regulations.
• Proficient in market analysis, benchmarking, job evaluation and salary structure development.
• Experience in leading and managing compensation projects and initiatives.
• Knowledge of sales compensation principles and practices.

Inside this Business Group

The Programmable Solutions Group (PSG) was formed from the acquisition of Altera. As part of Intel, PSG will create market-leading programmable logic devices that deliver a wider range of capabilities than customers experience today. Combining Altera's industry-leading FPGA technology and customer support with Intel's world-class semiconductor manufacturing capabilities will enable customers to create the next generation of electronic systems with unmatched performance and power efficiency. PSG takes pride in creating an energetic and dynamic work environment that is driven by ingenuity and innovation. We believe the growth and success of our group is directly linked to the growth and satisfaction of our employees. That is why PSG is committed to a work environment that is flexible and collaborative, and allows our employees to reach their full potential.

Other Locations

US, OR, Hillsboro; US, AZ, Phoenix

Posting Statement

All qualified applicants will receive consideration for employment without regard to race, color, religion, religious creed, sex, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, military and veteran status, marital status, pregnancy, gender, gender expression, gender identity, sexual orientation, or any other characteristic protected by local law, regulation, or ordinance.

Benefits

We offer a total compensation package that ranks among the best in the industry. It consists of competitive pay, stock, bonuses, as well as, benefit programs which include health, retirement, and vacation. Find more information about all of our Amazing Benefits here.



Annual Salary Range for jobs which could be performed in US, California: $131,841.00-$210,951.00
*Salary range dependent on a number of factors including location and experience

Working Model

This role will require an on-site presence.