Principal Compensation Analyst

TSMC • Phoenix, AZ

5d • Onsite

About The Position

TSMC Arizona is seeking a Principal Compensation Analyst to join our 4-nanometer fab in Phoenix. This role requires a high level of integrity, analytical rigor, accountability, and collaboration, aligned with our core values: Integrity, Commitment, Innovation, and Customer Trust.
The Principal Compensation Analyst operates with minimal direction and serves as a subject matter expert in compensation design, analysis, benchmarking, and program governance. This role leads complex compensation initiatives that support a rapidly scaling manufacturing operation while ensuring audit readiness and regulatory compliance.
The position partners cross-functionally with Corporate, Overseas Compensation, HR, and business stakeholders to design, model, and implement competitive and compliant pay programs.

Requirements

• Bachelor’s degree in Human Resources, Business, Finance, Mathematics, or related field.
• 7+ years of progressive compensation experience including program design, benchmarking, survey participation, and implementation.
• Strong understanding of compensation governance, compliance, and audit frameworks.
• Advanced Excel proficiency (data modeling, pivot tables, lookups, complex formulas; macros a plus).
• Strong quantitative, statistical, and analytical capabilities.
• Experience with HCM systems (PeopleSoft preferred).
• Exceptional attention to detail and accuracy.
• Strong communication skills with the ability to influence across levels and functions.
• Flexibility to support business needs in a fast-paced environment.

Nice To Haves

• Experience in multinational, high-growth manufacturing, semiconductor, or advanced engineering environments strongly preferred.
• CCP certification is preferred (in progress acceptable).

Responsibilities

• Lead complex compensation analyses including market pricing, incentive design, job leveling, pay equity review, and cost modeling.
• Develop advanced Excel models to evaluate alternative program designs, financial impact, and implementation scenarios.
• Conduct annual market reviews and benchmark assessments using industry surveys (e.g., Radford, WTW).
• Partner with HR and business leaders to provide data-driven recommendations aligned to organizational strategy.
• Support scaling initiatives through compensation structure design and program enhancements.
• Ensure compliance with applicable regulations, audit requirements, and internal controls; maintain plan documents, SOPs, and supporting documentation.
• Serve as primary point of contact for compensation design matters and collaborate with HQ TRD teams on cross-functional initiatives.
• Mentor junior team members and ensure effective knowledge transfer to compensation delivery teams.
• Leverage analytics and AI tools to enhance reporting, insights, and operational efficiency.

Benefits

• Medical, Dental, and Vision Plans: Choose the options that best fit your and your family’s needs.
• Income-Protection Programs: Financial assistance during injury or illness.
• 401(k) Retirement Savings Plan: Secure your financial future with competitive employer contributions.
• Paid Time-Off Programs and Holidays: Recharge and spend quality time with loved ones.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal