Compensation Analyst (Contractor)
Confirmed on the employer's own hiring board on Nov 12, 2026. First seen by Alion on Nov 6, 2026.
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
Compensation:
$50-$65 per hour, depending on experience and qualifications. This is a contract position and is not eligible for company-sponsored employee benefits.
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.