Compensation Process Optimization & Systems Manager

8 - 12 years

0 Lacs

Posted:1 day ago| Platform: Shine logo

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Job Type

Full Time

Job Description

The Compensation Process Optimization & Systems Manager plays a vital role in enhancing the efficiency and accuracy of the global compensation infrastructure, data, tools, and systems through the strategic utilization of automation, technology, and process enhancements. This position involves planning, executing, and optimizing the annual compensation, benchmarking, and survey submission cycles by implementing process automation, data management, and system integration. Additionally, the Manager serves as a key partner to the Compensation & Benefits teams, ensuring their requirements are met through streamlined systems, tools, and data-driven insights. Key responsibilities include managing the annual benchmarking process, which involves overseeing participation in benchmarking surveys, coordinating submissions, and analyzing benchmarking results to identify trends and areas for improvement. The Manager also plays a crucial role in modeling salary structures, developing country compensation budgets, and updating compensation models based on the latest benchmarking information. Collaboration with various teams is essential in planning and executing the annual compensation cycle, aligning cost modeling with compensation scenarios, implementing timelines, and ensuring data integrity throughout the process. Automation and system optimization are critical aspects of the role, requiring the Manager to lead the evaluation and implementation of tools and technologies that enhance the efficiency and governance of compensation-related tasks. Process improvement is another key focus area, where the Manager reviews, maps, and optimizes current compensation processes to drive automation, efficiency, and scalability. Moreover, ensuring data management and integrity is crucial, involving the creation of dashboards and reporting tools to provide visibility into compensation metrics and trends. Project management skills are essential for overseeing automation and process improvement projects within the compensation function, from conceptualization to implementation. The Manager also plays a key role in developing training materials and conducting sessions for HR and compensation team members on new automated processes, tools, and systems. Compliance and risk management are integral components of the role, with a focus on implementing controls and validation checks within automated systems to minimize errors and reduce risks. The ideal candidate for this position holds a Bachelor's degree in Human Resources, Information Technology, Business Administration, or a related field, along with a minimum of 8 years of experience in compensation, HRIS, or process improvement. Strong project management skills, proficiency in data analytics tools and software, expertise in HR systems and compensation software, advanced Excel skills, attention to detail, and excellent communication and stakeholder management skills are essential requirements. Experience in change management and delivering training programs to ensure successful adoption of new processes and tools is also highly valued.,

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