Compensation Specialist

4 weeks ago


Hyderabad, Telangana, India TRC Companies, Inc. Full time
About Us

At TRC Companies, Inc., we're a trailblazer in the industry, known for our innovative solutions that stand the test of time. Our team combines science with cutting-edge technology to deliver groundbreaking results that exceed our clients' expectations.

Job Summary

We're seeking a skilled Compensation Analyst to join our team. As a key member of our HR department, you'll play a vital role in designing, implementing, and managing our compensation programs to attract and retain top talent while maintaining competitiveness in the market.

Responsibilities
  • Analyze and evaluate current compensation structures, job classifications, and salary scales to ensure alignment with business goals.
  • Conduct market surveys and benchmarking to ensure our compensation remains competitive in the industry.
  • Participate in the development and maintenance of job evaluation and grading systems.
  • Collaborate with HR and hiring managers to establish and review job classifications and salary levels.
  • Design and recommend changes to compensation programs to ensure alignment with organizational objectives and industry best practices.
  • Develop new incentive and bonus programs to motivate and reward high-performing employees.
  • Collect and analyze compensation data to identify trends, issues, and areas for improvement.
  • Prepare and present comprehensive reports to management, summarizing findings and providing recommendations.
  • Stay current on relevant labor laws and regulations to ensure our compensation practices comply with legal requirements.
  • Provide guidance on compliance matters related to compensation.
  • Work closely with HR, Finance, and other departments to ensure seamless coordination and integration of compensation initiatives.
  • Collaborate with talent acquisition teams to determine competitive salary offers for new hires.
  • Communicate and educate employees on our compensation policies and practices.
  • Address employee inquiries related to compensation matters.
Requirements
  • Bachelor's degree in Human Resources, Business Administration, Finance, or a related field with 3 to 7 years of experience.
  • Proven experience, minimum of 3 years, as a Compensation Analyst or in a similar role.
  • Strong analytical skills with proficiency in data analysis and market research.
  • Knowledge of compensation best practices, trends, and applicable laws.
  • Excellent communication and presentation skills.
  • Familiar with US laws and regulations.
  • Familiarity with compensation survey tools and methodologies.
  • HR certification (e.g., Certified Compensation Professional - CCP) is a plus.


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