Compensation Systems Optimization Specialist

2 days ago

Hyderabad, Telangana, India beBeeExpert Full time ₹ 15,00,000 - ₹ 20,00,000
Job Summary

The compensation and systems expert is responsible for driving efficiency, accuracy, and optimization of the global compensation infrastructure, data, tools, and processes by leveraging automation, technology, and process enhancements.

  • Planning, execution, and optimization of annual compensation cycles through process automation, data management, and system integration.
  • Partnering with Compensation & Benefits teams to ensure efficient systems, tools, and data-driven insights are in place.
  • Developing dashboards and reporting tools to provide visibility into compensation metrics and trends.
Key Responsibilities:
  • Annual Benchmarking: Managing participation in and submission to benchmarking surveys, and uploading results correctly into internal systems.
  • Managing vendor selection in collaboration with Compensation Leads and Total Rewards Infrastructure Lead.
  • Assessing benchmarking results to identify trends and areas for improvement, recommending adjustments and supporting implementation.
  • Increasing automated benchmarking by automating survey benchmark matching, driving benchmarking system improvements, and providing data insights.
  • Modeling salary structures and developing country-specific compensation models.
  • Reviewing and updating compensation budgets in accordance with company objectives.
  • Improving compensation modelers based on latest insights and up-to-date benchmarking data.
Process Improvement:
  • Reviewing, mapping, and optimizing current compensation processes to identify opportunities for improvement, automation, and increased efficiency.
  • Implementing best practices in workflow automation to streamline compensation processes.
Data Management:
  • Ensuring accuracy and integrity of compensation data by improving data management processes, building validation mechanisms, and automating data reconciliation.
  • Creating dashboards and reporting tools to provide visibility into compensation metrics and trends.
Project Management:
  • Managing and overseeing automation and process improvement projects within the compensation function, from concept to implementation.
  • Developing project plans, timelines, and budgets to ensure successful execution of initiatives.
Training & Change Management:
  • Developing training materials and conducting training sessions for HR and compensation team members on new processes, tools, and systems.
  • Leading change management initiatives to ensure adoption of new tools and processes by stakeholders.
Compliance & Risk:
  • Ensuring that automated processes comply with legal, regulatory, and company-specific requirements.
  • Implementing controls and validation checks within automated systems to minimize errors and reduce risk.

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