Sr. Compensation Analyst

Minneapolis, MN

ABOUT INSPIRE MEDICAL SYSTEMS 

Inspire is the first of its kind medical device designed to make a difference in the lives of those living with Obstructive Sleep Apnea (OSA). We are revolutionizing the sleep industry with our FDA-approved medical device, designed to reduce OSA severity for those who cannot tolerate or get consistent benefit from CPAP. Inspire Medical Systems is committed to enhancing patients’ lives through sleep innovation.  We are steadfast in our commitment to prioritize patient outcomes, act with integrity and lead with respect. With positive persistence at our core, we are committed to all those we serve.

WHY JOIN OUR FAST-GROWING TEAM 

At Inspire, we value people – your diverse experiences, backgrounds, and thoughts. We elevate voices and encourage learning opportunities to build a professional network that grows into community. We embrace a people-first culture by offering hybrid work schedules, excellent benefits, 401k matching, ESPP, flexible time off (FTO), and tuition reimbursement. 

If you’re passionate about making a difference in people’s lives and want to work with innovative technology, come be a part of our great team! 

ESSENTIAL JOB FUNCTIONS  

The Senior Compensation Analyst is responsible for supporting the design, implementation, and administration of compensation programs across the organization. This role requires advanced analytical capabilities, strong business acumen, and a deep understanding of compensation principles to ensure programs support the company’s strategic goals.

OPPORTUNITIES YOU WILL HAVE IN THIS ROLE  

  • Analyze and administer compensation structures and programs, including base pay, annual incentives, and salary planning processes.
  • Conduct market benchmarking and job evaluations to ensure internal equity and external competitiveness.
  • Apply in-depth professional knowledge and judgment to resolve complex compensation issues and support business-aligned pay decisions.
  • Develop and maintain compensation models and tools to support recommendations and program enhancements.
  • Collaborate with HR Business Partners and business leaders to deliver compensation solutions that meet organizational needs while maintaining alignment with policies and best practices.
  • Review and analyze compensation data, identify trends, and prepare summary reports and insights for HR and business leadership.
  • Support annual and mid-year compensation planning cycles, including system preparation, communications, training, and auditing.
  • Partner with HR Operations to maintain compensation-related system configurations and data integrity.
  • Participate in compensation and salary surveys by preparing and submitting data to survey vendors, analyzing results, and using market data to support benchmarking and pay structure recommendations
  • Assist in the administration of sales incentive plans or other variable pay programs as needed.
  • Monitor and interpret compensation legislation, trends, and best practices to ensure compliance and relevance.
  • Preferred: Contribute to executive compensation projects, including equity analysis, compensation committee support, and proxy preparation.

QUALITY SYSTEM RESPONSIBILITIES­

  • Document product and therapy related field reports within the prescribed timelines and provide any necessary documents required to complete the investigation. Provide follow-up reporting as needed.
  • Complete training requirements and competency confirmations as required for this position within the required timeline.
  • Comply with applicable quality system procedures/policies and make suggestions for continuous process improvement.

WHAT YOU CAN BRING TO OUR GREAT TEAM

Required: 

  • Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field required.
  • Certified Compensation Professional (CCP) designation preferred.
  • Typically requires at least 8 years of relevant compensation experience
  • Experience supporting executive compensation programs in a public company setting.
  • Equivalent work experience may be considered.
  • Strong understanding of compensation structures, salary surveys, and market pricing methodology.
  • Demonstrated ability to analyze complex data and deliver insightful, actionable recommendations.
  • Strong communication and influencing skills; able to work cross-functionally with HR and business teams.
  • Advanced Excel skills required; experience with compensation management systems and survey tools (e.g., Radford, Mercer, MarketPay) preferred.

The salary for this position will be offered at a level consistent with the experience and qualifications of the candidate. This information reflects the anticipated salary range for this position at the time of posting. The salary range may be modified in the future and actual compensation may vary from the posting based on various factors such as geographic location, work experience, education and/or skill level.   

Salary

$106,000 - $170,000 USD

BENEFITS AND OTHER COMPENSATION

Inspire offers a highly competitive benefits package including (general description of the benefits and other compensation offered):

  • Multiple health insurance plan options.
  • Employer contributions to Health Savings Account.
  • Dental, Vision, Life and Disability benefits.
  • 401k plan + employer match.
  • Identity Protection.
  • Flexible time off.
  • Tuition Reimbursement.
  • Employee Assistance program.
  • All employees have the opportunity to participate in the ownership and success of Inspire. Employees at all levels can participate through equity awards and the Employee Stock Purchase Program.

 

Inspire Medical Systems provides equal employment opportunity (EEO) to all employees and applicants without regard to race, color, religion, creed, sex, national origin, age, disability, marital status, familial status, sexual orientation, status regarding public assistance, membership or activity in a local commission, military or veteran status, genetic information, pregnancy or childbirth, or any other status protected by applicable federal, state, and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training, and social and recreational programs. Inspire Medical Systems complies with applicable laws governing non-discrimination in employment in every location in which Inspire Medical Systems has facilities. All such employment decisions will be made without unlawfully discriminating on any prohibited basis. 
 
Inspire Medical Systems is an equal opportunity employer with recruitment efforts focused on ensuring a diverse workforce. Applicants with a disability that need accommodation to complete the Inspire Medical Systems application process should contact Human Resources at 844-672-4357 or email careers@inspiresleep(dot)com  
 
Inspire Medical Systems participates in E-Verify. 

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