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Senior Compensation Specialist

Senior Compensation Specialist

EndavaHyderabad, Telangana, India
30+ days ago
Job description

Our People team play a pivotal role in driving organizational success and growth. They focus on talent acquisition onboarding retention compensation benefits administration and analytics while implementing effective practices and policies. Additionally they enhance employer branding and internal communication initiatives. By deeply engaging in business partnering People team works closely with other departments and management to align HR strategies with the companys business goals.

As a Compensation Consultant at Endava you will support the development and implementation of Endavas global compensation strategies. Working alongside a team of analysts this role is pivotal in ensuring that compensation frameworks are competitive equitable and aligned with Endavas core values pay philosophy and global regulations. The analyst will work closely with regional teams to support decentralized compensation management within a global governance framework.

Responsibilities :

Data Analysis and Benchmarking :

  • Lead comprehensive market analysis and benchmarking initiatives providing strategic insights to inform compensation policies and practices.
  • Provide data-driven recommendations for adjustments to ensure competitiveness and alignment with strategic priorities.
  • Develop and maintain strong relationships with external benchmarking organizations to stay abreast of market trends and best practices.
  • Develop advanced analytical models and provide in-depth analyses on compensation and benefits elements driving data-driven decision-making.
  • Working in collaboration with People Insights colleagues lead the design development and continuous improvement of comprehensive Reports and Dashboards for Executive members and other key stakeholders ensuring data accuracy and actionable insights.

Compensation Structures and Incentive Plans :

  • Assist in the design development and maintenance of compensation structures and incentive plans implementing best practices to ensure pay determination strategies meet the highest standards of fairness and consistency.
  • Ensure these programs are equitable cost-effective and aligned with the Company vision and pay philosophy.
  • Cyclical Review Administration :

  • Administer the deployment of Fusion Workforce Compensation to support Salary and Grades Review process and Bonus Scheme and executive compensation program management across all business units.
  • Provide real-time guidance on system navigation to users during open cycles.
  • Develop compensation metrics-based dashboards based on Workforce Compensation data to deliver real-time outcome views.
  • Manage complex data checks and analysis related to annual performance bonus schemes identifying trends and areas for improvement.
  • Oversee the management and optimization of all compensation plans (salary step increases grades) across multiple regions and business units.
  • Ensure the highest levels of data accuracy and integrity during the transfer upload and validation of data at the end of the review cycle in HCM.
  • M&A Support :

  • Lead the integration of new businesses from a compensation perspective ensuring smooth transitions and alignment with Endavas systems and processes.
  • Policy and Program Support :

  • Support the implementation of global compensation policies and programs.
  • Oversee and ensure SOX controls related to Compensation processes are designed implemented and performed in accordance with the highest standards.
  • Conduct regular audits and reviews to ensure compliance with SOX requirements and internal control standards.
  • Oversee the creation and maintenance of detailed process documentation guidelines and practices ensuring they are up-to-date and accessible.
  • Collaboration and Coordination :

  • Collaborate with regional People teams to align local compensation programs with global guidelines.
  • Work with People Partners Talent Acquisition Finance and other stakeholders to support compensation initiatives.
  • Budget Management Support :

  • Assist in managing the global compensation budget in collaboration with the finance team.
  • Ensure budget alignment with financial goals and constraints.
  • Communication :

  • Develop and deliver training programs to educate new partners and internal teams on compensation plans systems and best practices working with internal specialists to ensure clarity and consistency in messaging.
  • Develop and implement communication strategies to effectively inform employees about compensation programs.
  • Compensation & Benefits Analytics & Reporting

  • Streamline data processes ensuring accuracy and deliver actionable insights through interactive and well-structured Power BI dashboards.
  • Develop and generate Oracle HCM reports for compensation and benefits analytics.
  • Develop build transition and maintain integrated Power BI-ready Excel reports.
  • Track current and historical Total Reward data changes on Oracle HCM ensuring that all data is updated to reflect any recent changes.
  • Propose continuous improvements / enhancements to Total Rewards data capabilities in Oracle HCM by driving optimization and automation of existing Excel-based reports ensuring efficient data refreshes and connectivity within Power BI Workspaces.
  • Qualifications :

  • BA in Economics / Business / Technology / Social Sciences / Psychology (Master preferred)
  • 6 years related experience.
  • Experience in running compensation cycles and other compensation and benefits initiatives.
  • Knowledge of and experience in applying best practice reward frameworks to shape fair consistent and transparent pay practices.
  • Experience of gender pay gap reporting across a variety of jurisdictions preferred
  • Demonstrated experience working with an HRMS software (Oracle Modules experience would be preferred).
  • Knowledge of IT job functions.
  • Strong analytical and quantitative skills project management and organizational skills.
  • Capable of interpreting data preparing reports and presentations as well as transforming data and performing accuracy checks.
  • Excellent influencing and negotiation skills ability to work with others towards an agreement negotiates to find mutually acceptable solutions.
  • Process improvement and change management mindset.
  • Capable to perform root-cause analysis identify solutions to problems and be able to escalate and resolve issues efficiently and effectively without guidance.
  • Interpersonal and relationship-building skills in order to work with other departments in a multi-cultural environment.
  • Written and verbal communication skills with ability to communicate across multiple levels.
  • Good judgement and reasoning abilities.
  • Proficient use of English (verbal and written).
  • Proficient use of Microsoft Office tools especially advanced Excel.
  • Ability to travel as required.
  • Additional Information :

    Discover some of the global benefits that empower our people to become the best version of themselves :

  • Finance : Competitive salary package share plan company performance bonuses value-based recognition awards referral bonus;
  • Career Development : Career coaching global career opportunities non-linear career paths internal development programmes for management and technical leadership;
  • Learning Opportunities : Complex projects rotations internal tech communities training certifications coaching online learning platforms subscriptions pass-it-on sessions workshops conferences;
  • Work-Life Balance : Hybrid work and flexible working hours employee assistance programme;
  • Health : Global internal wellbeing programme access to wellbeing apps;
  • Community : Global internal tech communities hobby clubs and interest groups inclusion and diversity programmes events and celebrations.
  • At Endava were committed to creating an open inclusive and respectful environment where everyone feels safe valued and empowered to be their best. We welcome applications from people of all backgrounds experiences and perspectivesbecause we know that inclusive teams help us deliver smarter more innovative solutions for our customers. Hiring decisions are based on merit skills qualifications and potential. If you need adjustments or support during the recruitment process please let us know.

    Remote Work : Yes

    Employment Type : Full-time

    Key Skills

    Computer Hardware,Mac Os,Manufacturing & Controls,Root cause Analysis,Windows,Customer Support,Remote Access Software,Operating Systems,Encryption,Remedy,Chemistry,Cerner

    Experience : years

    Vacancy : 1

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    Senior Specialist • Hyderabad, Telangana, India

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