Staff Compensation And Benefits Analyst

About Leading-Biotechnology-Company ANSR a market leader in enabling organizations to build manage and scale global teams is partnering with a renowned biotechnology company who is redefining the future of human health by providing solutions to some of the most complex problems in the healthcare industry They are committed to making precision medicine accessible and carries out their business operations in an environmentally sustainable way Now is your opportunity to join their innovative team in Bengaluru India For over 20 years now companies cutting across size industry and markets have relied on ANSR s expertise to successfully build global business and technology teams We can help you land a rewarding career in this dynamic industry If you are eager to contribute to a company with strong values a supportive environment and where you get opportunities to work on challenging projects that uses cutting-edge technology to improve millions of lives this is your chance to join a truly remarkable team Apply today About Illumina Illumina is a leading developer manufacturer and marketer of life science tools and integrated systems dedicated to making genomics useful for all Illuminas integrated Indian global hub in Bengaluru Illumina India Biotechnology Private Limited is focused on technology activities that will help usher in the next wave of innovation in healthcare and medical research If youre eager to work on challenging projects that uses cutting-edge technology to transform the future of healthcare this is your chance to join a truly remarkable team Position Summary The position will be responsible for developing implementing and administering the companys compensation and benefits policies and programs This role requires a deep understanding of India s statutory requirements market trends and best practices to ensure competitive cost-effective and compliant benefits offerings The position will analyze employee demographics assess risk exposure and recommend strategic enhancements to optimize the employee experience Additionally the incumbent will play a key role in supporting the regional Compensation Benefits C B Center of Excellence COE by providing insights ensuring alignment with global policies and driving local execution Scope of Responsibilities Benefits Strategy Administration Design implement and manage employee benefits programs including but not limited to healthcare insurance retirement plans wellness initiatives and leave policies Ensure alignment of benefits programs with global and regional total rewards philosophy while balancing affordability and competitiveness Administer and communicate benefits policies features and enrollment requirements ensuring employees have a clear understanding of available offerings Analyze employee demographics risk exposure and cost containment strategies to recommend enhancements to benefits programs Ensure compliance with all Indian labor laws e g Provident Fund Gratuity ESIC and adapt programs based on regulatory changes Compensation Market Intelligence Gather local market intelligence and analyze salary and benefits trends to support recommendations Participate in compensation and benefits surveys to benchmark the companys competitive position in the market Support the annual salary review process ensuring salary adjustments conform to established guidelines Provide insights and recommendations on pay-for-performance strategies salary structures and benefits optimization Employee Communication Engagement Develop and manage employee FAQs communication materials and training sessions to improve benefits understanding and utilization Communicate complex compensation and benefits information in a clear and accessible manner to employees and senior management Address employee inquiries related to benefits and ensure a positive employee experience Vendor Stakeholder Management Serve as the primary liaison with insurance providers brokers and third-party vendors ensuring efficient claims processing and service quality Partner with HR Finance and Legal teams to ensure alignment between benefits programs and overall business objectives Enhance internal and external relationships networking with industry peers and experts to stay updated on trends Process Improvement Regional Collaboration Support annual compensation and benefits events including the annual insurance benefits renewal Plan and implement changes to compensation and benefits programs ensuring smooth transitions and alignment with organizational goals Drive automation and process improvements in benefits administration Provide internal training and mentoring to Human Resource colleagues business leaders people managers and employees to promote understanding and appropriate utilization of C B programs Contribute to the regional Compensation Benefits COE supporting APAC countries as needed Qualifications Experience Bachelor s Degree in Accountancy Finance Human Resources or related field Minimum of 8 years of specialized C B experience preferably in the area of Benefits in an MNC Strong knowledge of Indian compensation and benefits regulations labor laws and tax compliance Strong stakeholder management and influencing skills with the ability to communicate complex matters to different audiences effectively High level of integrity attention to detail and ability to manage sensitive information Excellent analytical problem-solving and project management skills Results-driven team player who can function effectively and independently in a fast-paced dynamic environment Experience working with HRIS and compensation benefits tools e g Workday Mercer Radford Proficient with Microsoft Office Suite Experience Education Typically requires a minimum of 8 years of related experience with a Bachelors degree or 6 years and a Masters degree or a PhD with 3 years of experience or equivalent experience