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Compensation & Benefits Analyst

5.00 to 10.00 Years   Pune   02 Feb, 2021
Executive Search
Job LocationPune
EducationNot Mentioned
SalaryRs 24 - 36 Lakh/Yr
IndustryMedical / Healthcare
Functional AreaSales / BD
EmploymentTypeFull-time

Job Description

Roles and Responsibilities Responsibilities:

  • Prepares the HR Budget and a compensation and benefits budget, including regular monitoring, reporting, and adjusting of the budget.
  • Manage competitive analysis of compensation and employee benefit plans, programs and arrangements through periodic benchmarking and participation in market surveys.
  • Provide competitive pay analysis and recommend short- and long-term incentive programs that address evolving organizational challenges.
  • Ensure that compensation practices and programs are market competitive and attract, retain, and motivate employees.
  • Manage broad-based compensation programs and merit cycles, including annual salary review, bonus, and equity planning.
  • Benefits - Review, design, implement and communicate benefits programs and activities through robust analysis of market data, trends and participation in relevant market surveys
  • Monitor utilization of benefits and prevent cost escalation
  • Work on benefits harmonization across the divisions.
  • Perform C&B Analytics that provide insights to business and leadership teams and assist them in decision making
  • Provides consulting and business partnering with leaders in achieving company objectives while providing the right benefits for Employees
  • Analyze Division positions internal equity and take corrective actions as needed.
Desired Candidate Profile Education and Experience:
  • Masters degree required, preferably in business or quantitative field and/or equivalent combination of education or experience.
  • Compensation, benefits and/or HR certifications desirable.
  • 4+ years of experience in Compensation & Benefits.
  • Global experience is preferred.
Skills/Competencies:
  • Demonstrated ability to design and implement incentive compensation and employee benefit programs.
  • Experience to manage change within a dynamic, fast-paced environment.
  • Strong analytical skills matched with strong communication skills required to translate technical concepts into clear direction and guidance.
  • Demonstrated business partnership and working cross-functionally in a fast-paced environment.
  • Highly competent in bench-marking and measurement with a desire to drive continuous improvement in performance measures and outcomes for the business
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Keyskills :
market datasalarybusinesscompetitive analysisdesigncontinuous improvementsalary reviewcommunication skillspaybenefitseducationanalytical skillsbusiness partneringstrong communication skillscorrective actionsbonusincentive programsanaly

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