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Compensation And Benefits Analyst

2 - 6 years

4 - 8 Lacs

Posted:2 months ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Key Responsibilities: Compensation Analysis & Strategy: Assist in designing and administering competitive compensation structures and pay scales for all employee levels. Perform market analysis to ensure the company's compensation packages remain competitive and compliant with local labor laws. Provide recommendations for salary adjustments based on industry trends, internal equity, and employee performance. Benefits Administration: Manage and review employee benefits programs, including health, dental, life insurance, retirement, and other employee welfare programs. Assist in the open enrollment process, working with employees to answer benefit-related inquiries and resolve issues. Ensure compliance with government regulations (e.g., ACA, ERISA, HIPAA) and assist in the preparation of benefits-related reporting for government agencies. Data Analysis & Reporting: Maintain and update compensation and benefits databases, ensuring accuracy and integrity of all data. Generate regular reports and perform detailed analysis of compensation and benefits costs, trends, and effectiveness. Assist with ad hoc analysis and reporting on compensation and benefits issues as needed. Employee Communication & Support: Provide compensation and benefits-related support and guidance to employees, ensuring they are well-informed about the offerings and options available. Communicate compensation adjustments, bonus structures, and benefits changes to employees. Serve as a point of contact for employee queries related to pay and benefits. Compliance & Policy Adherence: Ensure compliance with legal and regulatory requirements related to compensation, benefits, and other HR policies. Support audits, surveys, and the implementation of policies to ensure consistency and adherence to industry best practices. Process Improvement & Optimization: Identify opportunities to streamline compensation and benefits processes to improve efficiency and employee experience. Recommend and assist with the implementation of improvements in compensation and benefits systems. Qualifications: Bachelors degree in Human Resources, Business Administration, Finance, or related field. 2-6 years of experience in compensation and benefits analysis or a related HR field. Strong knowledge of compensation structures, benefits administration, and HRIS systems. Familiarity with compensation benchmarking tools and market analysis. Excellent analytical, problem-solving, and attention to detail skills. Proficient in Microsoft Excel and other data management software; experience with HRIS systems is a plus. Strong communication and interpersonal skills, with the ability to engage with all levels of the organization. Ability to maintain confidentiality and handle sensitive information.

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Information Technology & Services

Chennai

2000+ Employees

454 Jobs

    Key People

  • Keshav Murugesh

    CEO
  • Pankaj Kumar

    COO

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