Compensation Manager

In the role of a Benefits and Compensation Expert, you will be instrumental in shaping the organization's compensation and benefits practices to align with its overall HR and organizational philosophy. This involves designing compensation structures, determining salary levels, managing annual salary revisions through surveys and analysis, communicating compensation programs to employees and management, monitoring the compensation program, and making periodic changes as necessary.

The key responsibilities include monitoring the organization's compensation structure to maintain balance between compliance, cost control, and attracting/retaining staff, developing and executing technology roadmaps for Market Intelligence & Annual Planning and the Total Rewards CoE as part of a project team, performing quantitative and qualitative data analysis of key market intelligence indicators via dashboards design including predictive analytics, and interlocking with stakeholders to support actionable market intelligence.

You will also be responsible for maintaining enterprise-level focus on compensation management activities while understanding unique characteristics of state entities with varied missions, consulting with Sr. Leaders and managers on the Fiserv Compensation philosophy, policies, and structures, researching and analyzing market data for developing compensation structures, providing ad hoc analysis for business leaders on key skills or talent, supporting HR professionals within the CoE in developing a global Fiserv HR organization delivering client and community value, undertaking job evaluations to ensure fair pay differences between jobs within the organization, preparing RFPs and shortlisting vendors, and ensuring timely completion of appraisal cycles.

• Driving wellbeing and Benefits/rewards operations professionals to develop and implement Fiserv India Health and Mental Wellbeing policies and programs in partnership with local and global teams.
• Defining problem statements, goal setting, performance management, escalation management, and coaching mentoring the operations team across health, wellbeing, and operations functions.
• Working closely with Fiserv India senior leadership, HR, HQ Benefits, and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
• Focusing on communication and branding of associate benefits.
• Driving insurance renewal for the Fiserv India entity.
• Developing approaches for administering health and wellbeing programs for Fiserv India in collaboration with local and global teams.
• Drives vendor market intelligence across the broader benefits portfolio and helps optimize ROI.
• Managing multiple vendors/services contracts and renewals.
• Leading internal governance of functional metrics and health/insurance dashboards.
• Driving the finalization of the annual Fiserv India engagement calendar and enabling implementation of events in conjunction with the global and India team.
• Working with Leaders, HRBPs, Talent Acquisition, and the leadership team to effectively communicate and amplify Fiserv India's Benefits philosophy and educate team members on the value of Total Rewards in partnership with communications.
• Managing and monitoring health and wellbeing budgets and insurance.
• Owning and driving company-wide special projects aligned to team/organizational needs.

Requirements:

• 10-12 years of experience in Compensation & Benefits.
• Experienced graduate in any discipline or MBA Finance/HR.
• Prior experience in people leadership with expertise in benefits portfolio management, preferably from a technology, technology-enabled, eCommerce organization or broker industries.
• Deep expertise in budgeting, vendor assessment, data requirement gathering, project management, and process design/governance.
• Strong network of peers in competitor organizations.
• Awareness of market landscape and practices specifically in health and mental wellbeing.
• Strong presentation skills and communication are desirable.
• Able to handle large size data in Excel skill.
• Must be able to conduct self in a professional manner in dealing with highly sensitive information.
• Time management and analytical skills.
• Utilize strong organizational skills to establish a plan, define objectives, set deliverables/timelines, and implement quality standards.
• Past experience in matrix organization or corporate office will be preferred.