SR. Compensation Analyst

1 day ago

Mumbai, Maharashtra, India Birla Carbon Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Lead and manage global rewards programs across 13 currencies and 16 countries. Maintain associated data systems for rewards, recognition and job evaluation.

Major development activities related to the business implementation of a new TOTAL REWARDS PHILOSOPHY (TRP). Requires pro-active analysis and consultation on rewards practices, location by location, across the globe when the customer often has preconceived biases. Birla Carbon structure, spanning 15 countries, requires this position to have a flexible and global frame of reference, where each country has its own standards, practices, and market data. Because of the data driven nature of this work, the position also requires a good working knowledge of distributive computing and relational data base applications, such as, those used to maintain external market benchmarking data, employee data and to communicate compensation, recognition, benefits and working conditions to employees across a global space. Key Result Areas Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)

KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters)

KRA1 Compensation Administration to ensure efficient and effective allocation of labor costs Lead Rewards initiatives and single handedly direct Area HR/Unit HR towards ensuring Rewards compliance and implementation of various processes and policies. Lead The Annual Compensation Review Program for Birla Carbon globally.

  • Ensure Group HR governance is taken into account and subsequent submissions are done on time. Simulate LTIP and AIP plans with modelling for various achievement scenarios. 30 %

KRA2 Total Rewards Planning to support various units / locations Plan and support Compensation planning activities. Support Benefit cost analysis. Develop communications of critical Comp / Ben / Recognition processes. Coordinate with region / country HR team to collect and report results

KRA3 Job Analysis and Evaluation to ensure accurate and equitable results across the business Analyse and calculate job worth using HAY methodology by using job documentation and organization parameter information to support job evaluation. Support meetings of job evaluation committees including routing of information and documenting decisions of the committee. Coordinate JAE process. Conduct JAE trainings across HR community for capability building. 20%

KRA4 Data management for support of market data/job evaluation Participate in annual salary surveys. Conduct survey analysis and communication of results. Provide salary survey information to make hiring and staffing decisions. Document results of job evaluation committees and maintain data for current valuations 10 %

KRA5 Market analysis by country to determine status of Employee Value Proposition (EVP) Perform internal equity analysis by country. Perform external benchmark salary analysis to determine market position. Monitor and communicate Benefits prevalence by country in comparison to Birla Carbon. Coordinate / monitor Recognition program usage and results on behalf of the business. 20% KRA6 Total Rewards Plan (TRP) maintenance by country Review and maintain details of each country's Total Rewards plan in line with the Business TRP. Periodically work with region/ country HR and Management teams to create/revise/update their unique TRP. 10 %

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