5.0 - 10.0 years
16.0 - 25.0 Lacs P.A.
Hyderabad
Posted:1 week ago| Platform:
Work from Office
Full Time
Shift: 11:30 am to 8:30 PM The Compensation Senior Analyst is key member of the total rewards or HR team responsible for analyzing market trends and developing compensation strategics to ensure the organizations pay practices remain competitive, equitable and aligned with business goals. The involves leading complex benchmarking projects, managing salary survey participation and providing insights that drive informed decision making in support of employee and retention. Role & responsibilities Market Benchmarking and Analysis: Lead the collection, analysis and interpretation of compensation data industry specific market surveys. Develop and manage complex benchmarking models to evaluate salary competitiveness across roles and regions. Identify compensation tends and provide actionable insights to senior management. Compensation Strategy and Design: Support the design and implementation of salary structures, pay ranges and incentive programs based on benchmarking data. Contribute to the development of the organizations total rewards strategy to attract and retain top talent. Advanced Analytics and Reporting: Create detailed compensation reports, dashboards and presentations for senior leadership Analyze internal pay equity, diversity metrics and external competitiveness to provide recommendations for adjustments. Utilize advanced data visualization tools to communicate findings effectively to diverse stakeholders. Survey Management and Vendor Relations: Manage relationships with survey providers e.g., Mercer, Will Tower Watson, Aon and Redford and oversee survey submission. Evaluate and recommend participation in additional benchmarking surveys based on business needs. Compensation and Benefit Program Management: Administer annual salary review processes, including merit increase and bonus programs. Maintain pay structure, salary bands and compensation related systems. Support on the operational activities of benefit programs like health insurance, retirement plans, wellness initiatives and other perks.
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