Compensation Analyst (Contractor)

WHO WE ARE

Velotic is a newly-formed independent software company with a pure-play focus on industrial operations. We unite two category-defining portfolios -- ThingWorx and Kepware (formerly part of PTC) and Proficy (formerly part of GE Vernova) -- to transform industrial manufacturing, at scale. With $350M in annual revenue, a global footprint across a range of industries, a legacy customer base, and our intelligent data connectivity systems and AI solutions, we are one of the world's largest independent software companies focused on industrial operations -- here to power the future of manufacturing.

OUR MISSION 

Enabling the world's industrial producers to do the right things right—across every shift, every plant, every day. We help manufacturers prosper by equipping them with software-defined, data-driven production systems that elevate quality, accelerate cycle times, improve resilience, and enable sustainable profit growth.

 

WHY THIS IS A ONCE-IN-A-CAREER OPPORTUNITY

• Lead in a market undergoing significant disruption and growth from cloud migration to edge intelligence to AI-powered industrial automation.
• Join a culture defined by ambition, authenticity, speed, teamwork, and the belief that manufacturing can meaningfully improve the world.
• Competitive benefits, compensation and long-term impact on how the world’s industrial companies operate, automate, and innovate.

ROLE SUMMARY

About This Role:

Velotic is a newly launched, private equity backed manufacturing software company formed from two carve-outs, with roughly 1,200 employees across 26 countries. The Global Total Rewards team is building harmonized compensation and benefits programs for the combined organization.

The Compensation Analyst will provide hands-on analytical support across our first full compensation cycle as one company. This includes market benchmarking, salary range development, the Career Level Framework rollout, survey participation, and year-end compensation and incentive processes. The role suits an analyst who is precise with data, comfortable working through ambiguity, and able to move quickly with sound judgment.

REQUIREMENTS

Key Responsibilities:

Market Benchmarking

• Match Velotic jobs to Radford Global Compensation Survey benchmarks and other approved market sources, documenting match rationale and confidence

• Pull and age market data by job, level, and country, applying the approved peer scope and market positioning

• Prepare market pricing summaries for new roles, offers, promotions, and retention cases

Salary Range Development

• Build and model salary structures by grade and country using market data, with consistent midpoints, range spreads, and progression between grades

• Assess employee placement against new ranges, including compa-ratio, range penetration, and cost to bring employees to minimum

• Prepare range data for load into Workday and validate it after load

Career Level Framework Project

• Support mapping of current roles from both legacy organizations into the Velotic Career Level Framework across all career tracks and 15 grades

• Build and maintain job catalog files, job code mapping, and title alignment trackers

• Prepare data and materials for leveling working sessions with HR Business Partners and functional leaders, and track open decisions

Radford Survey Submission

• Gather, cleanse, and validate employee and job data from Workday for the annual Radford submission

• Complete job matching and level assignment for submitted roles, resolving data gaps with HR and Payroll

• Manage submission timelines, vendor queries, and post-submission data validation

Compensation Review Analysis

• Build merit, promotion, and market adjustment budget models and scenario analysis

• Analyze pay equity, internal alignment, and pay positioning by grade, function, and country

• Prepare dashboards and summary reporting for Total Rewards and HR leadership

Bonus Payout Calculations

• Calculate annual incentive payouts based on base salary, grade target percentage, company performance, and individual performance inputs

• Handle proration for new hires, transfers, leaves, and grade changes

• Reconcile payout files with Finance and Payroll and maintain a clear audit trail

Year-End Performance and Compensation Processes

• Support preparation of the Year-End Reflection Conversation and annual compensation cycle, including manager worksheets and guidelines

• Configure and test compensation review data in Workday, and support managers and HR Business Partners during the cycle

• Run quality checks on submitted recommendations, flag exceptions, and prepare final files for approval and Payroll

Additional Support

• Respond to ad hoc compensation requests and analysis from the Head of Global Total Rewards

• Document processes, templates, and data sources so that work can transition to permanent team members at contract end

Qualifications:

Required

• Bachelor degree in Human Resources, Business, Finance, Economics, or a related field, or equivalent experience

• At least 5 years of compensation analysis experience, ideally in a corporate Total Rewards team or a compensation consultancy

• Hands-on experience with job matching and market pricing using Radford or comparable surveys (Mercer, WTW, Korn Ferry)

• Experience building salary structures, merit and bonus models, and compensation cycle files

• Advanced Excel skills, including lookups, pivot tables, and scenario modeling

• Strong attention to detail and a disciplined approach to data validation and audit trails

• Ability to handle confidential data with discretion

Preferred

• Global or multi-country compensation experience across the Americas, EMEA, and APAC

• Workday Advanced Compensation experience

• Exposure to job architecture or leveling projects

• Experience in a private equity backed, merger, or carve-out environment

• Experience in software or technology companies

• Certified Compensation Professional (CCP) or progress toward certification

Engagement Details:

• Six-month contract with potential extension based on business need

• Remote, with working hours that overlap with US Central Time and Eastern business hours for key meetings

PAY AND BENEFIT PACKAGE

• Competitive compensation
• 401(k) with employer match (50% up to 8%)
• Medical, dental, and vision coverage
• HSA with company contribution
• Life and AD&D insurance (2x salary, up to $1m)

EQUAL OPPORTUNITY STATEMENT

Velotic is committed to building a diverse and inclusive workplace.