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Principal Workday Analyst – Compensation & Talent Management and Performance

Medtronic · Minneapolis, MN · 2 mo ago
RemoteRemoteHuman Resources$114k–$170k/yrFull-time

About the role

A Principal Workday Analyst at Medtronic leads the Advanced Compensation domain and supports Talent Management & Performance functional areas. This remote position involves a wide breadth of functional knowledge, system maintenance, and collaboration with stakeholders to analyze risks and impacts of Workday enhancements. The role requires decision-making on system issues, ensuring compliance with business specifications, statutory requirements, and addressing up-/down-stream impacts.

Responsibilities

  • Design and maintain Advanced Compensation structures.
  • Configure and support Talent Management and Performance modules.
  • Ensure data integrity and compliance with company policies.
  • Lead system upgrades and feature rollouts.
  • Act as a subject matter expert for Workday in compensation and talent domains.

Strategic Planning & Stakeholder Engagement

  • Meet with HR business partners and leadership to understand upcoming compensation cycles, talent reviews, and performance initiatives.
  • Review and prioritize tickets and enhancement requests related to Advanced Compensation and Talent Management modules in Workday.
  • Analyze business requirements for new compensation plans, bonus structures, or performance processes.

System Configuration & Optimization

  • Configure Workday Advanced Compensation plans (e.g., merit, bonus, stock) to meet business needs, ensuring compliance and accuracy.
  • Update Talent Management & Performance templates for goal setting, review cycles, and feedback processes.
  • Test new configurations and enhancements in the Workday sandbox environment, documenting results and issues.

Problem Solving & Support

  • Troubleshoot and resolve complex issues related to compensation calculations, eligibility rules, and talent review workflows.
  • Respond to user inquiries from HR, managers, and employees regarding system functionality or data discrepancies.
  • Monitor ongoing processes (e.g., compensation cycles, performance reviews) for errors or bottlenecks.

Reporting & Continuous Improvement

  • Collaborate with IT and other Workday analysts to implement integrations or data flows between Workday and other systems.
  • Research Workday community updates and best practices to recommend improvements for existing processes.

Documentation & Knowledge Sharing

  • Document system changes, configuration decisions, and lessons learned for future reference and audit purposes.
  • Coach and mentor junior team members by providing continuous guidance, mentorship, and technical coaching.
  • Provide training and guidance to HR team members and end-users on new features or process changes.
  • Plan for upcoming releases and identify opportunities to leverage new Workday functionality.

Requirements

Must Have:

  • Bachelor’s degree with 7+ years of Human Capital Management systems experience, including Workday Advanced Compensation configuration, or an advanced degree with a minimum of 5 years of such experience.

Nice to Have:

  • Talent Management configuration experience.
  • Bachelor’s degree in Human Resources or Information Systems.
  • Experience working with HR systems, desirably Workday Pro or Partner certification.
  • Experience implementing Workday.
  • Experience working cross-functionally.
  • Demonstrated critical thinking, collaboration, data and systems analysis, and customer focus.
  • Strong communication, problem-solving, and attention to detail with a technical aptitude.

For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. 214.2(h)(4)(iii)(A) is required.

Benefits

The following benefits and additional compensation are available to regular employees who work 20+ hours per week:

  • Health, Dental, and Vision insurance.
  • Health Savings Account and Healthcare Flexible Spending Account.
  • Life insurance and Long-term disability leave.
  • Dependent daycare spending account.
  • Tuition assistance/reimbursement.
  • Simple Steps (global well-being program).
  • Incentive plans (Medtronic Incentive Plan - MIP).
  • 401(k) plan plus employer contribution and match.
  • Short-term disability.
  • Paid time off and Paid holidays.
  • Employee Stock Purchase Plan.
  • Employee Assistance Program.
  • Non-qualified Retirement Plan Supplement (subject to IRS earning minimums).
  • Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Note: Some benefits may not apply to workers in Puerto Rico.

Pay

Salary ranges for U.S. locations (excluding Puerto Rico): $113,600.00 - $170,400.00 USD.

Ireland: €79,520.00 - €119,280.00 EUR.

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location.

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