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Compensation Benefits Specialist

Compensation Benefits Specialist

ConfidentialPune, India
5 days ago
Job description

Lead Analyst - Compensation and Benefits.

Essential Duties & Responsibilities

  • As a member of the Human Resources team, the Compensation and Benefits Lead Analyst establishes relationships within the HR function and provides support aligned to the strategic requirements of the business.
  • In this capacity, the Lead Analyst will participate in compensation and benefits surveys, analyzing data to determine the organization's competitive position within the regions.
  • Support the design, implementation, and maintenance of all global base salary and short and long-term variable compensation programs, working closely with Total Rewards (TR) Leadership.
  • Monitor trends in the competitive market to ensure both design and pay equity opportunities allow for the attraction and retention of high performers / key talent.
  • Provide advice and support to HR team related to job evaluation, policy and interpretation of plans (including creative solutions to specific compensation-related programs).
  • Review requests for new or revised job descriptions to determine target salary ranges based on the scope of the role and related Job Architecture attributes.
  • Support activity for all Salary, Bonus and Equity Planning processes including system design, training, and implementation.
  • Work closely with Benefits Manager to assist in administering, implementing, and maintaining employee benefits programs outside the US, ensuring compliance with country legislative benefits offerings.
  • Compile benefits-related statistics and census data and summarize survey information to support benefits recommendations.
  • Reconcile all EMEA benefits provider billings and process payment of invoices.
  • Responsible for administration of global rewards and recognition platform, finding ways to increase engagement and utilization; communicates and executes on the companywide recognition awards, including nomination process and budget allocation.
  • Performs other duties and special projects, as assigned.

Skills & Qualifications :

  • A university degree in Human Resources, Finance or related discipline is strongly preferred. Certification in Compensation, Benefits and / or Human Resources (e.g.,
  • CCP, CBP, SHRM) is a strong plus.
  • At least of 8 years of compensation design and administration experience with at least 3 years of global experience in US and India.
  • Working knowledge of country, federal and / or state regulations affecting the administration of broad-based or statutory benefits and retirement / pension plans including but not limited to FLSA, Equal Pay Act, Pay Transparency and GDPR.
  • This role requires the ability to analyze a variety of data simultaneously, in order to evaluate internal equity, external competitiveness and legal compliance of the organization's compensation and benefits practices.
  • Ability to work with financial metrics and data with a solid understanding of how compensation design impacts financial outcomes; prepare analysis / reports on various design related initiatives for leadership and / or stakeholders.
  • Demonstrates a high degree of autonomy by independently managing tasks, taking initiative to drive projects forward, and exercising sound judgment when making decisions without direct supervision.
  • Strong mathematical and analytical aptitude used to prepare / analyze TR costs.
  • Excellent problem-solving skills with the ability to research and resolve complex compensation-related issues.
  • Detail oriented with strong attention to accuracy.
  • Ability to work in a fast-paced environment, meet deadlines, multitask and work independently.
  • Team player with demonstrated interpersonal skills and the ability to effectively communicate, negotiate, partner and consult with a wide variety of audiences.
  • Advanced Microsoft Office (including Microsoft Excel and Power Point) and excellent research skills.
  • Skills Required

    Compensation Design, Job Evaluation

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