Compensation Specialist

A highly skilled Compensation and Benefits Expert is sought after to align the organization's compensation practices with its overall HR philosophy. This expert will design compensation structures, determine salary ranges, manage annual salary revisions, communicate programs to employees and management, and monitor compensation effectiveness.

This position requires a deep understanding of market intelligence indicators, data analysis, and stakeholder engagement. The ideal candidate will have expertise in budgeting, vendor assessment, data requirement gathering, project management, and process design & governance.

Key Responsibilities:

• Maintaining the organization's compensation structure, balancing compliance, costs, and staff attraction/retention.
• Developing and executing a technology roadmap for Market Intelligence & Annual Planning and the Total Rewards CoE.
• Performing quantitative and qualitative data analysis of key market intelligence indicators and interlocking with stakeholders for actionable insights.
• Maintaining enterprise-level focus on compensation management activities while understanding unique state entity characteristics.
• Consulting and educating Sr. Leaders and managers on compensation philosophy, policies, and structures.
• Researching and analyzing market data for developing compensation structures and general market pricing of jobs through salary surveys.
• Supporting HR professionals within the CoE and developing a global Fiserv HR organization delivering client and community services.
• Undertaking job evaluations to ensure fair pay differences between jobs within the organization.

Benefits Management:

• Driving wellbeing and benefits operations professionals to develop and implement health and mental wellbeing policies and programs in conjunction with local and global teams.
• Defining problem statements, goal setting, performance management, escalation management, and coaching/mentoring operations teams across health, wellbeing, and operations functions.
• Working closely with 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 all 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.
• Driving vendor market intelligence across the broader benefits portfolio and optimizing ROI.
• Managing multiple vendors/services contracts and renewals.
• Leading internal governance of functional metrics and health/insurance dashboards.
• Driving the finalization of annual engagement calendars in partnership with site excellence and implementing 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.
• Managing and monitoring health and wellbeing budgets and insurance.

Requirements:

• 10-12 years of experience in Compensation & Benefits.
• Graduate degree in any discipline or MBA Finance/HR.
• Prior people leadership experience 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.