Principal Compensation Analyst

Principal Compensation Analyst

North Canton, OH, US, 44720 What Timken makes possible begins with you. Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next. A career at Timken means you can have an immediate impact doing Work That Matters to the world— improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 19,000 people in 45 countries, and start helping our customers push the limits of what's possible in their world of motion. Join Timken's Global Total Rewards team and help shape how we attract, reward, and retain the talent that powers our business globally. As a Principal Compensation Analyst, you will be responsible for designing, administering, and continuously improving our broad-based compensation programs to ensure competitiveness, internal equity, and alignment with the organization's strategic and operational goals. Why Timken? Be part of an established, purpose-driven company where your work influences global programs and real business outcomes. You'll join a collaborative, high-impact team that values curiosity and leveraging current industry trends – and you'll find opportunities to grow professionally while helping shape a world-class Total Rewards function. This role provides thought leadership and analytical expertise to develop and implement compensation strategies, processes, and governance that support workforce stability, drive performance, and enable efficient, scalable compensation practices across diverse manufacturing populations. This position will serve as a subject matter expert in the compensation space and requires experience in strategy, design, implementation, and administration of short-term incentives, job evaluations, salary increases, salary surveys, international compensation, sales compensation, financial/tax treatment of compensation programs, and other specialized areas of compensation. Key Responsibilities Lead the design and evolution of global broad-based compensation programs (base pay, incentives, and premiums) aligned to business strategy across hourly and salaried populations Provide strategic direction on pay philosophy, market positioning, and compensation structures to ensure competitiveness and internal alignment Own and enhance job architecture, leveling frameworks, and global job evaluation processes to maintain internal equity across plant and corporate roles Partner cross-functionally with HR, Finance, Legal, and Talent teams to develop scalable compensation frameworks and support enterprise-wide initiatives, including M&A integration Support annual compensation cycles (merit, incentives, market adjustments), including process design, system configuration, manager enablement, and communications Conduct market benchmarking and advanced analytics to inform pay decisions, support workforce planning, and deliver data-driven insights to senior leadership Drive operational excellence by improving compensation processes, ensuring data integrity and compliance, and leveraging automation to increase efficiency and impact Qualifications/Functional Skills Bachelor's degree in Human Resources, Accounting/Finance, Business, Economics or related field, Master's degree preferred, CCP certification a plus 5-10 years in Compensation, Accounting/Finance or related field, preferably in a global manufacturing environment Advanced Excel skills, and experience with Compensation systems/HRIS tools preferred (e.g., SuccessFactors, Workday, MarketPay) Demonstrates strong systemic thinking by understanding how decisions and processes are interconnected across functions, regions and organizational levels, anticipating downstream impacts and aligning actions with overall business strategy Ability to work collaboratively in cross-functional teams and build strong working relationship across HR, HRIS, IT, Finance and business functions Exceptional analytical, critical thinking and project management skills; Applies a data-driven approach to solving complex problems, ensuring solutions align with both organizational strategy and operational execution Strong written and verbal communication skills for stakeholders at all levels; Ability to communicate complex concepts clearly and influences decisions High attention to detail and commitment to data integrity; Ability to maintain confidentiality Ability to manage multiple priorities in a fast-paced environment Financially minded All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.