Spectranetics

Rewards Regional Partner (Cambridge, MA)

Spectranetics$137K — $219K *
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in rewards management or related areas (3+ years with a Master's degree)
  • Expertise in advising on compensation decisions and Health & Welfare benefit plans
  • Experience with HRIS and compensation systems (preferably Workday)
  • Strong understanding of U.S. compensation practices and regulations
  • Excellent communication and multitasking skills with attention to detail

Responsibilities

  • Serve as a strategic advisor to business leaders on rewards and compensation matters
  • Design and deliver U.S. Health & Wellbeing programs optimizing plan utilization and costs
  • Ensure compliance and competitiveness of rewards programs aligned with global strategy
  • Drive innovative improvements in Health & Wellbeing offerings using feedback and market trends
  • Collaborate with HR, Finance, Legal, and Payroll for effective program execution

Benefits

  • Generous PTO and 401k plan with up to 7% match
  • Health Savings Account (HSA) with company contribution
  • Stock purchase plan and education reimbursement
  • Participation in the Philips Total Rewards benefits program
Full Job Description
Job Title
Rewards Regional Partner (Cambridge, MA)

Job Description

Are you a Rewards professional who wants to drive impact with care?  Join the Philips North America Total Rewards team as a Rewards Regional Partner, where you will shape competitive, equitable rewards programs while supporting business leaders.

As a member of the Philips People Business Services Rewards team, you will serve as a strategic Rewards Partner to assigned U.S. client groups. You will provide expert guidance across all rewards topics—particularly compensation—while owning the design and delivery of Health & Wellbeing programs.

This role combines business-facing advisory with program ownership, influencing key compensation decisions while shaping benefits that impact employee experience at scale.

Your role:

  • Act as a strategic advisor to People Business Partners and business leaders on rewards matters. Guide and influence compensation decisions, including salary positioning, promotions, and complex/senior offers, ensuring alignment with market data, internal equity, and business priorities. Translate insights into clear, actionable recommendations, presenting trade-offs, risks, and opportunities to stakeholders, while you proactively identify and address risks related to pay competitiveness, internal equity, and policy application.  Through this work, you will help build capability within the business by coaching leaders and People Business Partners on rewards principles and decision-making.

  • Own the strategy, design, and delivery of U.S. Health & Wellbeing programs, including medical, wellness, and related benefits.  You will evaluate program performance, utilization, and financial impact to optimize plan design, manage costs, and inform long-term strategy, in addition to leading vendor strategy and management, including brokers, carriers, and third-party administrators (selection, negotiations, performance management, and governance).

  • Ensure programs are competitive, compliant, and aligned with Philips’ global rewards strategy and local regulations. Drive continuous improvement and innovation in Health & Wellbeing offerings, leveraging employee feedback, market trends, and best practices. Lead and deliver regional rewards initiatives and projects, while contributing to global programs and transformations. Collaborate cross-functionally with HR, Finance, Legal, and Payroll to ensure effective execution and alignment.

You're the right fit if:

  • You’ve acquired 5+ years’ experience with a Bachelor’s or 3+ years’ experience with Master’s in areas such as rewards management, compensation, total rewards or related areas.

  • Your skills include experience in advising on compensation decisions, U.S. Health & Welfare self-funded benefit plans, and vendor management. You bring experience using HRIS and compensation systems (preferably Workday), along with solid knowledge of U.S. compensation practices, laws, and regulations. AI literacy is a plus.

  • You have a Bachelor's degree in Rewards Management, Human Resources, or a related field.

  • You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this .

  • You're an excellent communicator and highly organized multi‑tasker with strong attention to detail and presentation skills. You work independently, manage time and priorities effectively in fast‑paced environments, exercise sound judgment and professionalism, handle confidential information with discretion, and influence stakeholders with clarity and confidence.

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

This is an office role.

Philips Transparency Details

The pay range for this position in Cambridge, MA is $137,000 to $219,000.

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.    

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives, may be offered.  Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.  Details about our benefits can be found . 

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. 

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position.  For this position, you must reside in or within commuting distance to Cambridge, MA.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

About Spectranetics

Spectranetics is a medical device company that develops, manufactures, and markets single-use medical devices used in minimally invasive procedures within the cardiovascular system. The company's products include laser atherectomy systems, thrombectomy systems, and lead management accessories. Spectranetics was founded in 1984 and is headquartered in Colorado Springs, Colorado. In 2017, the company was acquired by Royal Philips for $2.2 billion.
Learn more about Spectranetics
Size
900 employees
Industry
Founded
1980

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