Compensation Analyst

Neerinfo Solutions is a Leading executive search firm providing services to leading IT services, Manufacturing, Captives, and BFS companies.

One of our clients a Top Tier 1 IT Services Company is looking to hire for a Compensation Analyst role.

Role: Compensation Analyst

Location - Chennai

Experience - 1 to 3 yrs

Position type: Permanent

Points to note:

· US-friendly work timings (5 PM to 2 AM)

· Need to go to office 2 days a week in day time for 3hrs and can continue US shift as WFH

· Incumbent to be based out of Chennai

Role Title: Compensation Analyst

Location: India

Reporting to: Regional Compensation Lead

I. Position Summary

• Part of the North America Compensation Team that is responsible for implementing compensation programs as envisioned by the HRLT & Total Rewards Leadership.
• Responsible for delivering, measuring and optimizing compensation programs and interventions
• Enables Compensation Partners with intelligent data analytics and reporting to enable data driven talent / business decisions
• Drive the continuous improvement agenda for the Compensation team to improve process efficiency and program effectiveness
• Partner effectively with other Functional groups (e.g. TAG, Academy, Finance, Business Operations, Technology & Procurement., etc.,) in implementation of compensation programs

II. Key Result Areas

• Effective Program Management of Compensation life-cycle programs with on-time delivery and adherence to budget
• No schedule variance to any program
• # of continuous improvements implemented resulting in making a process lean and thereby efficiency gained
• Enable relevant on demand compensation analysis, recommendation and executive dashboards for Comp Partners and Total Reward Leadership

III. Typical Responsibilities

• Plan, manage and provide continuous engagement & support to Comp Partners for delivery of Compensation lifecycle programs** and BU specific compensation initiatives
• Ensure accuracy and abreastness of compensation information on HCM and all allied and downstream systems
• Maintain appropriate job family mapping of each associate to be used for compensation benchmarking
• Create reusable templates and automate data reports to enable Comp partners for effective business partnering
• Identify areas / opportunities for continuously improving processes efficiencies.
• Regular cadence and governance of services managed by the Shared Service organization.
• Flag headwinds to the program leadership to enable corrective actions
• Create communication plans / strategies to enable continuous & positive awareness of the Total Rewards charter.
• Monitor, analyze and report stake-holder feedback and progress updates on Compensation programs to the Compensation Leadership team

**Refresh of TAG grid, Merit Increases, Promotion related increases, Off-cycle compensation programs, Management of Discretionary compensation programs (retention bonus), Annual bonuss administration, Governance of payroll inputs, Retirement administration and Severance package administration.

IV. Degree of Independence/Supervision required

• Requires moderate supervision on the job. Independently works under clearly laid out guidelines and strategic directions from the Regional Compensation Leadership & Global Total Rewards Leadership.
• Reports to the Regional Compensation Lead

V. Team Management Responsibilities (wherever applicable)-

• Individual Contributor

VI. Qualification:

• Education: Post-Graduate in Human Resources
• Minimum Work Experience Required: A minimum experience of 1-3 Years in HR
• Demonstrate proficiency with the MS office products including advanced MS excel
• Communicate complex compensation practices in simple terms.
• Being data driven with an analytical mind set is beneficial for this role.
• Demonstrating the ability to maintain confidential information is essential for this role.