Compensation Consultant

5 days ago

Bengaluru, Karnataka, India Altair Engineering Full time

Company Overview

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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. Our mission is to empower organizations in nearly every industry to compete more effectively in a connected world, while creating a more sustainable future.

Salary:

We are offering an estimated annual salary of $80,000-$120,000 based on your level of experience and qualifications.

Job Description

The Compensation Consultant - Global Markets will assist in designing, implementing, and administering compensation programs that support business strategy. This includes collaborating with HR globally in the planning, development, implementation, and administration of compensation programs including base pay administration, merit increase, salary/market pricing analysis and incentive programs.

Responsibilities

  1. Assist in administering annual compensation programs and projects including merit increase, bonus/ variable payout, job evaluation, total rewards statements, etc.
  2. Participate in and/or conduct salary surveys, perform survey job matching, and conduct ad-hoc benchmarking and market research as needed.
  3. Collaborate with HR & Business Managers globally with Compensation CoE guidance on compensation advisory requests for promotions, new hire recommendations, new positions to be priced, (level and compensation), internal parity, retention, etc.
  4. Evaluate jobs, job descriptions and job architecture.
  5. Review, revise and/or write job descriptions based on discussions with HR & Business Managers.
  6. Perform regular audits of the compensation data to verify accuracy and ensure consistent global application of roles and market ranges.
  7. Conduct data analysis, data modeling and reporting; interpret results, present findings to stakeholders and recommend changes as needed.
  8. Contribute to building new reports, trackers, and databases related to compensation.
  9. Help in conducting compensation training sessions in person and virtually as appropriate.
  10. Ensure company compliance with relevant laws and regulations across locations.
  11. Manage C&B vendors and consultants.

Required Skills and Qualifications

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

Benefits

  • Career opportunities in a dynamic and innovative environment.
  • Working with people from different engineering backgrounds.
  • A fun and friendly team in a nice work environment.
  • Good remuneration according to your level.
  • A great opportunity to grow your career in a strong international software company.

Others

We at Altair Engineering are committed to creating a diverse and inclusive workplace where everyone has the opportunity to thrive. We believe in empowering our employees to make a positive impact on society through their work. Join us on this exciting journey and let's shape the future together

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