SF Comp Consultant

Job Title: SAP SuccessFactors Consultant – Compensation (COMP)

Location: Bhubaneswar / Hyderabad / Bengaluru

Note: The initial 6 months will be based in Bhubaneswar

Budget: Maximum 15 LPA

Key Responsibilities:

• Compensation Strategy:
• Collaborate with HR and business leaders to design and implement compensation strategies that support business objectives and reflect industry trends.
• Compensation Planning:
• Lead the annual compensation planning cycle, including salary reviews, merit increases, bonuses, promotions, and equity adjustments.
• Job Evaluation & Analysis:
• Conduct job evaluations to determine appropriate job levels, pay structures, and ensure internal equity and external competitiveness.
• Compensation Review & Recommendations:
• Analyze compensation trends and make strategic recommendations for continuous improvement of policies and practices.
• Data Analysis & Reporting:
• Generate and interpret compensation-related reports and dashboards to provide insights for decision-making.
• Compliance & Governance:
• Ensure compensation practices are in line with local labor laws, regulatory guidelines, and internal governance policies.
• Stakeholder Communication:
• Develop and deliver communication and training materials for HR, managers, and employees on compensation policies and processes.
• System Configuration & Maintenance:
• Configure and maintain SuccessFactors Compensation and Variable Pay modules, ensuring optimal performance and alignment with business needs.
• Performance Management Integration:
• Partner with the Performance Management team to align compensation outcomes with employee performance data.

Required Skills:

• Strong functional expertise in SAP SuccessFactors Compensation and Variable Pay modules
• Experience in Roles & Responsibilities (R&R) framework
• Proficient in compensation planning, analytics, and compliance
• Ability to collaborate with cross-functional teams and stakeholders
• Excellent analytical, communication, and presentation skills