Compensation Analyst

2 weeks ago

Bengaluru, Karnataka, India Altair Engineering Full time

About the Role:


Overview: We are seeking a skilled Compensation Analyst to join our team in Altair Engineering. The successful candidate will assist in providing guidance to our internal clients and collaborate with HR globally in the planning, development, implementation, and administration of compensation programs.


Main Responsibilities:



  • Assist in administering annual compensation programs and projects including merit increase, bonus/variable payout, job evaluation, total rewards statements, etc.
  • Collaborate with HR & Business Managers globally to provide compensation advisory requests for promotions, new hire recommendations, new positions to be priced, (level and compensation), internal parity, retention, etc.
  • Assist in evaluating jobs, job descriptions, and job architecture.
  • Review, revise, and/or write job descriptions based on discussions with HR & Business Managers.
  • Perform regular audits of the compensation data to verify accuracy and ensure consistent global application of roles and market ranges.
  • Actively conduct data analysis, data modeling, and reporting; interpret results, present findings to stakeholders, and recommend changes as needed.
  • Actively contribute to building new reports, trackers, and databases related to compensation.
  • Assist in conducting compensation training sessions in person and virtually as appropriate.
  • Assist in ensuring company compliance with relevant laws and regulations across locations.
  • Manage C&B vendors and consultants.

Requirements:



  • Must be familiar with standard concepts, practices, and procedures in the compensation field.
  • Experience in conducting a salary survey would be a plus.
  • Must have a strong aptitude for research, analysis, and data management with a focus on high accuracy.
  • Must be proficient with Microsoft applications (i.e., Excel, Word, PowerPoint, etc.).
  • Must have the ability to maintain sensitive data in a confidential manner.
  • Must have excellent oral and written communication skills.
  • Must have the ability to influence and maintain relationships with others.

Desired Qualifications:



  • 2+ years of experience, preferably MBA in Human Resources or equivalent.
  • Work experience preferably in a global organization with exposure to matrix reporting.
  • Consulting experience will be a plus.

What We Offer:



  • Real career opportunities.
  • Working in an environment with people from different engineering backgrounds.
  • A fun and friendly team in a nice work environment.
  • Good remuneration according to your level.
  • And a great opportunity to grow your career in a strong international software company.
  • We are a Great Place to work certificated company.

How You Will Be Successful:



  • Envision the Future
  • Communicate Honestly and Broadly
  • Seek Technology and Business "Firsts"
  • Embrace Diversity and Take Risks

Why Work With Us:


Altair Engineering is a global technology company providing software and cloud solutions in the areas of product development, high performance computing (HPC), and data analytics.


We help organizations in nearly every industry to compete more effectively in a connected world, while creating a more sustainable future.


With more than 3,000 engineers, scientists, and creative thinkers in 25 countries, we help our customers to solve their toughest challenges and deliver unparalleled service, helping the innovators to innovate, drive better decisions, and turn today's problems into tomorrow's opportunities.


For more than 30 years, we have been helping our customers to integrate electronics and controls with mechanical design to expand product value, develop AI, simulation, and data-driven digital twins to drive better decisions, and deliver advanced HPC and cloud solutions to support unlimited idea exploration.


To learn more, please visit altair.com.


Ready to go? #ONLYFORWARD

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