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Compensation & Benefits Analyst

2 weeks ago

Bengaluru, Karnataka, India Hitachi Energy Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Compensation - Compensation & Benefits Administration Role JD:

As a core member of the Compensation team, you will be responsible for delivering HR service support to the HR community, business managers, and employees. Reporting to the Team Lead, you will provide high-level support for internal customers, ensuring accurate and timely processing of information for all stakeholders.

Your Responsibilities:

  • Work across geographies and different regulatory environments.
  • Analyse and understand complex problems and their resulting dependencies.
  • Exhibit excellent attention to detail, time management, and multitasking skills.
  • To manage the compensation operation processes like Annual Salary Review, Scorecard, Short Term Incentives (Annal Incentive Plan, Sales Incentive Plan), Long Term Incentives etc process for all ensuring accuracy, timely execution. This includes all compensation related reporting as required including and not limited to one process / region
  • Monitor compensation-related data in Workday, including salary and annual processes (ASR, STI, etc), ensuring all supporting documentation is in place.
  • To manage the regional and global employee benefits for employees.
  • Vendor management for employee benefits, coordinating and procuring services timely.
  • Support on day-to-day standard and any ad-hoc workday reports related to compensation to global and regional stakeholders.
  • Manage employee data accurately from compensation perceptive in workday, to ensure accuracy of inputs to all upstream and downstream systems.
  • Oversee time-sensitive procedures and ensure that data, such as salary and one-time payments, is validated for data quality and accuracy.
  • Create and adhere to SOPs and WIs defined for each process.
  • Identify process deficiencies/ area of opportunities, perform initial root cause analysis to support continuous improvements.
  • Capture Compensation-related activities and record employee queries in organization ticketing tool(ServiceNow), ownership of the complete process flow from data validation, calculation until payouts are processed.
  • Ensure execution and delivery of compensation services according to defined Service Level Agreements (SLAs) such as TAT, quality, and Customer Satisfaction (C-SAT).
  • Extract reports for internal data quality through ad-hoc queries or customized transactions
  • Demonstrate willingness to learn and implement new learning in an innovative manner to support enhancement and efficient operations.
  • Live Hitachi Energy core values of safety and integrity, taking responsibility for your actions while caring for your colleagues and the business.

Your background

  • Masters degree in any stream
  • At least 4+ years of experience in HR Shared Services in a global organization.
  • Proven experience in compensation related activities not limited to annual salary review, short term incentives, long term incentives is a must.
  • Prior experience in managing global benefits is an added advantage
  • Proficiency in MS Office (Excel, PowerPoint, PowerBI, PowerApps etc)
  • Excellent written and verbal communication
  • Strong stakeholder management and presentation skills.
  • Manage and deliver multiple projects on time and work with cross functional teams across varied time zones.
  • A collaborative, solutions-oriented approach, strong analytical skills and a proactive way of working to serve.
  • Flexible to work in shifts, with high performance teams and ability to work in a fast-paced, multi-tasking, high transaction team environment.