Senior Compensation Analyst

5 - 7 years

5 - 9 Lacs

Posted:23 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description


  • Reporting Human Resources Director, the successful candidate will analyze and evaluate current compensation structures, job classifications, and salary scales.
  • Conduct market surveys and benchmarking to ensure the organizations compensation remains competitive in the industry.
  • Participate in the development and maintenance of job evaluation and grading systems.
  • Collaborate with HR and hiring managers to establish and review job classifications and salary levels.
  • Design and recommend changes to compensation programs to ensure alignment with organizational objectives and industry best practices.
  • Develop new incentive and bonus programs to motivate and reward high-performing employees.
  • Collect and analyze compensation data to identify trends, issues, and areas for improvement.
  • Prepare and present comprehensive reports to management, summarizing findings and providing recommendations.
  • Stay current on relevant labor laws and regulations to ensure the organizations compensation practices comply with legal requirements.
  • Provide guidance on compliance matters related to compensation.
  • Work closely with HR, Finance, and other departments to ensure seamless coordination and integration of compensation initiatives.
  • Collaborate with talent acquisition teams to determine competitive salary offers for new hires.
  • Communicate and educate employees on the organizations compensation policies and practices.
  • Address employee inquiries related to compensation matters.

Qualifications

  • Bachelors degree in Human Resources, Business Administration, Finance.
  • Proven experience with minimum of 5 years, as a Compensation Analyst or in a similar role.
  • Strong analytical skills with proficiency in data analysis and market research.
  • Knowledge of compensation best practices, trends, and applicable laws.
  • Excellent communication and presentation skills.
  • Familiar with US laws and regulations.
  • Familiarity with compensation survey tools and methodologies.
  • HR certification (e.g., Certified Compensation Professional - CCP) is a plus.

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