Workday Compensation

4 weeks ago

New Delhi, India People Prime Worldwide Full time

About Client :A leading applied technology services company, we innovate to deliver service excellence and successful outcomes across sales, delivery and development. With our strategy to be agile, nimble and customer-centric, we anticipate the future of applied technology and predict tomorrow’s trends to keep our clients at the summit in an ever-changing marketplace. Leading with architecture and design, our next-gen solutions enable enterprises to accelerate on their digital transformation journey.Job Title: Workday Compensation & Benefit ConsultantExp: 6 - 10 yearsLocation: Bangalore/ PuneSalary: As per marketNotice Period: 0- 15 days / servingMode of Hire : ContractTechnical Skills:- 6-10 years of experience in Compensation & Benefits, preferably in the pharmaceutical or healthcare industry - Strong analytical and Excel skills; experience with HRIS platforms in Workday - Knowledge of labor laws and compliance related to compensation and benefits - High attention to detail and ability to handle sensitive data with confidentiality - Effective communication and stakeholder management skills - Excellent analytical, problem-solving, and decision-making skills - Certification in Compensation & Benefits (e.g., CCP, GRP) is a plusKey Responsibilities- Develop and oversee the organization's compensation and benefits strategy, ensuring market competitiveness and compliance with regulations - Assist in developing and maintaining compensation structures, salary benchmarks, and job grading systems - Design and implement salary structures, incentive plans, and benefits programs that support business objectives and workforce needs - Oversee the administration of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other perks - Conduct market analyses and participate in salary surveys to ensure competitive and equitable compensation packages - Ensure compliance with labor laws, tax regulations, and internal policies related to compensation and benefits - Collaborate with Finance and Payroll teams to ensure accuracy in pay and benefits data - Support design and communication of total rewards programs that attract, retain, and motivate employees - Manage benefits enrollment and resolve employee queries in coordination with vendors - Contribute to internal audits and reporting requirements related to C&B - Prepare dashboards and reports for HR leadership on compensation trends and cost analysis - Manage vendor relationships with benefits providers and negotiate contracts to optimize cost-effectiveness - Partner with HRIS and payroll teams to ensure seamless execution of compensation and benefits processes - Stay updated on industry trends, emerging best practices, and regulatory changes to continuously improve programsQualification:- Bachelor's degree in Computer Science, Engineering, or similar technical field of study, or related practical experience. Master’s degree preferred, but not required.

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