The **Rewards Specialist, USA Retirement Plans,** develops recommendations, plans and monitors rewards delivery to ensure the total rewards offered to employees are in line with market benchmarks & performance for retirement plans, specifically 401K. The role provides guidance to employees, managers and recruiters as well as conducts market analysis to develop competitive programs to attract top talent and comply with local regulations. You will work with cross-functional teams to implement reward programs that support broader business objectives, handles job evaluations, and conducts audits to guarantee compliance with legal and Philips' internal policies. **Your role:** + Manages comprehensive rewards programs, including budgeting for merit increases, retention strategies, and incentive plans; conducts market analysis and forecasting to ensure alignment with corporate strategy, and leads compensation benchmarking and policy development to support competitive and compliant practices. + Oversees USA retirement plans with a focus on 401(k), pension, and non-qualified plans—handling plan amendments, fund changes, annual testing, forfeiture management, cost forecasting, and regulatory reporting (e.g., Form 5500, IAS19 compliance, non-discrimination testing); facilitates Retirement Committee meetings and coordinates audits and reconciliations to ensure operational excellence. + Provides expert guidance to managers, recruiters, and employees on rewards and retirement programs; manages vendor relationships, collaborates with payroll, legal, and procurement teams, and drives participant engagement through communications, outreach, and training—ensuring transparency, compliance, and a positive employee experience. **You're the right fit if:** + You’ve acquired 3+ years’ experience in areas such as Benefit/Rewards Management, Human Resources or equivalent OR no prior experience required with Master's Degree. + Your skills include experience with rewards policies, regulatory compliance, and data analysis, combined with strengths in program management, resource planning, continuous improvement, and technology acumen to support efficient and compliant rewards strategies. You bring expertise in rewards administration, market intelligence, and auditing techniques, along with a consultative approach to stakeholder and vendor management. + You have a Bachelor's Degree in Human Resources, Business Administration or equivalent. + You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position. + You're an excellent communicator—persuasive, assertive, and proactive in solving problems and coordinating priorities across stakeholders. You bring strong knowledge of USA benefits plans, with specific experience in 401(k), non-qualified DC and DB plans, and DB pension plans, along with sharp analytical skills, attention to detail, and vendor management expertise. Proficient in Microsoft Excel, you manage multiple priorities with ease, working both independently and collaboratively to deliver results. **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. **About Philips** We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others. + Learn more about our business. + Discover our rich and exciting history. + Learn more about our purpose. + Learn more about our culture. **Philips Transparency Details** The pay range for this position in Nashville, TN is $90,000 to $142,000. The pay range for this position in Cambridge, MA is $100,000 t0 $159,000. 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 here. 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 **Nashville, TN or Cambridge, MA.** It is the policy of Philips to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status or a person’s relationship or association with a protected veteran, including spouses and other family members, marital or domestic partner status, or any other category protected by federal, state and/or local laws. As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance. Equal Employment and Opportunity Employer/Disabled/Veteran