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Compensation & Benefits Analyst

2 months ago

bangalore, India OpenText Full time

OPENTEXT
OpenText is a global leader in information management, where innovation, creativity, and collaboration are the key components of our corporate culture. As a member of our team, you will have the opportunity to partner with the most highly regarded companies in the world, tackle complex issues, and contribute to projects that shape the future of digital transformation.

YOUR IMPACT:
Support annual benefits budgeting exercise and ensure timely benefits plan renewals by adherence to procurement process (PO balance, tracking renewals, payments etc.). Able to work with various vendors and influence vendor’s process to comply with OpenText processes and control vendor’s service delivery and will manage vendor interactions for complex escalations, provide resolution working with vendors and design recommendations to improve recurrence of escalations.

WHAT THE ROLE OFFERS:
Ability to confidently and comfortably interact with employees and managers to explain complex resolution to benefits escalation
Execute annual mass enrollments for various benefit programs, including system readiness, HRSS readiness, communication refresh, policy / FAQ / intranet refresh etc.
Ensure compliance to changing local legal and regulatory requirements including Retirement plans (Trust, Gratuity, NPS, statutory payments etc.)
Lead wellness efforts by designing and delivering various wellness programs utilizing vendors and HRSS team (execute campaigns / mass communications/ sessions / on-site programs etc.)
Custodian for knowledge management, policy updates, vendor contracts for Total Rewards Programs & Plans.
Support annual benefits budgeting exercise and ensure timely benefits plan renewals by adherence to procurement process (PO balance, tracking renewals, payments etc.)
Create recommendations to enable effective employee experience for the Total Rewards Programs
Identify interlinkages and dependencies of policies, processes and systems to recommend standardization and improvement opportunities
Provide necessary data reports and conduct data analysis to support ad-hoc TR projects
Support comp range development and basic comp analysis to support business needs.

WHAT YOU NEED TO SUCCEED:
2 to 4 years of hands-on experience in supporting compensation & benefits programs Have experience in managing benefits renewals, vendors and process improvements
Familiar with benefits, retirement plans, insurance, wellness, commonly used analytical tools, and basic compensation concepts.
Working knowledge of local regulations, filing and compliance requirements, including periodic trust meetings, statutory bonus, NPS etc.
Advanced Excel and PowerPoint
A proactive, ‘let’s get it done’ attitude geared towards continuous improvement
Collaborative working style, fostering cooperation and teamwork to find solutions
Structured and organized working style, focusing on delivering results on agreed timelines
Analytical approach, logical thinking, problem-solving ability with a strong eye for detail
Can think and work independently to research, analyze and make recommendations

OpenText's efforts to build an inclusive work environment go beyond simply complying with applicable laws. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone, regardless of culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws.
If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please contact us at hr@opentext.com. Our proactive approach fosters collaboration, innovation, and personal growth, enriching OpenText's vibrant workplace.