NeerInfo Solutions | Compensation Analyst

1 week ago

delhi, India NeerInfo Solutions Full time
Neerinfo Solutions is a Leading executive search firm providing services to leading IT services, Manufacturing, Captives, and BFS companies.
One of our clients a Top Tier 1 IT Services Company is looking to hire for a Compensation Analyst role.
Role: Compensation Analyst
Location - Chennai
Experience - 1 to 3 yrs
Position type: Permanent
Points to note:
· US-friendly work timings (5 PM to 2 AM)
· Need to go to office 2 days a week in day time for 3hrs and can continue US shift as WFH
· Incumbent to be based out of Chennai
Role Title: Compensation Analyst
Location: India
Reporting to: Regional Compensation Lead
I. Position Summary
Part of the North America Compensation Team that is responsible for implementing compensation programs as envisioned by the HRLT & Total Rewards Leadership.
Responsible for delivering, measuring and optimizing compensation programs and interventions
Enables Compensation Partners with intelligent data analytics and reporting to enable data driven talent / business decisions
Drive the continuous improvement agenda for the Compensation team to improve process efficiency and program effectiveness
Partner effectively with other Functional groups (e.g. TAG, Academy, Finance, Business Operations, Technology & Procurement., etc.,) in implementation of compensation programs
II. Key Result Areas
Effective Program Management of Compensation life-cycle programs with on-time delivery and adherence to budget
No schedule variance to any program
# of continuous improvements implemented resulting in making a process lean and thereby efficiency gained
Enable relevant on demand compensation analysis, recommendation and executive dashboards for Comp Partners and Total Reward Leadership
III. Typical Responsibilities
Plan, manage and provide continuous engagement & support to Comp Partners for delivery of Compensation lifecycle programs** and BU specific compensation initiatives
Ensure accuracy and abreastness of compensation information on HCM and all allied and downstream systems
Maintain appropriate job family mapping of each associate to be used for compensation benchmarking
Create reusable templates and automate data reports to enable Comp partners for effective business partnering
Identify areas / opportunities for continuously improving processes efficiencies.
Regular cadence and governance of services managed by the Shared Service organization.
Flag headwinds to the program leadership to enable corrective actions
Create communication plans / strategies to enable continuous & positive awareness of the Total Rewards charter.
Monitor, analyze and report stake-holder feedback and progress updates on Compensation programs to the Compensation Leadership team
**Refresh of TAG grid, Merit Increases, Promotion related increases, Off-cycle compensation programs, Management of Discretionary compensation programs (retention bonus), Annual bonuss administration, Governance of payroll inputs, Retirement administration and Severance package administration.
IV. Degree of Independence/Supervision required
Requires moderate supervision on the job. Independently works under clearly laid out guidelines and strategic directions from the Regional Compensation Leadership & Global Total Rewards Leadership.
Reports to the Regional Compensation Lead
V. Team Management Responsibilities (wherever applicable)-
Individual Contributor
VI. Qualification:
Education: Post-Graduate in Human Resources
Minimum Work Experience Required: A minimum experience of 1-3 Years in HR
Demonstrate proficiency with the MS office products including advanced MS excel
Communicate complex compensation practices in simple terms.
Being data driven with an analytical mind set is beneficial for this role.
Demonstrating the ability to maintain confidential information is essential for this role.

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