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Total Compensation Specialist
2 weeks ago
Job Description
This role is responsible for leading the development and implementation of total rewards programs, including compensation structures, benefits plans, and incentive programs. The ideal candidate will have a strong understanding of global compensation and benefits principles and practices.
Responsibilities:
- Market Research and Analysis: Conduct market research and analysis to determine competitive compensation and benefits packages.
- Total Rewards Design and Administration: Provide detailed information and collateral to our HR Operations team to enable the team to answer employee compensation and benefit questions.
- Country Point of Contact: Point of contact for assigned countries and provide HR and leadership with timely professional advice and guidance.
- Vendor Management: Develop effective relationships with external vendors/consultants and manage timely and cost-effective delivery of solutions and programs.
- Global Total Rewards Collaboration: Partner with the Global Total Rewards team to identify appropriate surveys to ensure the best available survey library. Validate approach to global and local market matching in global database.
- Specialized Analysis: Initiate and complete specialized analysis on market and internal practices, strategies, and metrics
- Trend Evaluation and Recommendation: Collaborate with the Global Total Rewards team on researching, evaluating, and understanding the impact of market and economic trends and recommend adjustments to salary ranges, hiring rates, geographic differentials, salary increase budgets and individual rates, as requested.
Program Development and Implementation:
The successful candidate will be responsible for assisting in the design, development, and implementation of total rewards programs, including compensation structures, benefits plans, and incentive programs.
Data Management and Reporting:
Maintain and analyze data related to compensation and benefits, generating reports and insights to inform decision-making.
Compliance and Legal:
Ensure compliance with relevant laws and regulations related to compensation and benefits in various global locations.
Communication and Training:
Communicate total rewards programs and policies to employees, HR business partners, and management providing guidance and training as needed.
Project Management:
May serve as project manager on specified initiatives related to total rewards.
Skills and Qualifications:
The ideal candidate will have:
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
- 7+ years demonstrated global compensation and benefits analysis, design, and administration experience required; experience in emerging markets preferred.
- Fluent in English, proficiency in other languages considered a plus.
Key Skills:
- Strong analytical skills with the ability to interpret data and draw meaningful insights and develop focused recommendations for HR and Functional leadership.
- Excellent communication and presentations skills, comfortable working with diverse cultures and different management levels, ability to quickly build relationships. Proven ability to effectively communicate complex information to various stakeholders.
- Expertise in Excel and analytical tools.
- Thorough understanding of compensation and benefits principles, practices, and regulations. Expertise in India in Total Rewards is essential and knowledge of EMEA is strongly desired.
- Ability to manage projects effectively, including planning, execution, and monitoring.
- Ability to identify and resolve issues related to compensation and benefits.
- Ability to work effectively with cross-functional teams.
