Associate

Responsibilities:

Compensation Benchmarking and Analysis

• Work on compensation benchmarking exercise

  for new and existing Partner - participation in compensation and benefits surveys including recommendations on comparator baskets, understanding job families and descriptions; and data validation with the business.

• Conduct job matching exercises

  with survey partners
• Should have knowledge of Employee Stock Option Plan to understand the current ESOP scheme of Partners and design a new one accordingly.

• Gap Analysis

  : Collation and analysis of multiple sources of benchmarks and data to derive insights on compensation trends and gaps basis external benchmarks, recruitment data, internal employee data and existing pay ranges.

• Conduct review of pay ranges for Partners

  , based on survey results and gap analysis, internal and external equity analysis. Design new ranges as required by the business. Partner with business teams for finalizing pay ranges basis affordability inputs.

Annual Compensation Review

• Create first level simulations and models on increments and variable pay including promotions. Partner with LoS BUHC and LoS/SBU Leaders to refine LoS wise compensation models, principles and grids.
• Conduct Pay Equity Analysis
• Work with LoS BUHC for budget approval for Bonus and Increments. Work on Presentation CPO/COO on final increment and V Pay grids
• Partner with HC Operations and BUHC teams for final TR Checks for governance and compliance, Letter Release; and Increment and Variable Pay payout (for all staff including EDs)

Other

• Policy Management – Working on SOPs/Policies/Guidelines that come under the domain of Total Rewards
• Data Repository – maintain up to date compensation and benefits data repository.
• Work on Internal Audit requirements as needed.
• Participate in Vendor Evaluation for compensation and benefits.
• Acting as a CoE for key stakeholders like Performance Management team leaders, BU HCs and other COEs for addressing Compensation and Benefits concerns/queries

This is FTC Role.

Mandatory skill sets:

· Advanced Excel and modeling skills

· Project Management and Data Analytics skills

· Insight generation and eye for detail

· Cultural sensitivity and the ability to build effective relationship with stakeholders across different groups – HC, Business, Vendors and External Firms

· Excellent interpersonal and presentation skills (written presentation of technical and analytical work is key)

Preferred skill sets:

Compensation Management, Excel Analytics

Years of experience required:

4 years

Education qualification:

• BBA, B.Com, MBA, PGDM, M.Com