Specialist - Compensation - BFSI/IT

Compensation Specialist

Role: Senior Associate - Global Compensation Specialist

Location: Pune

Shift Timing: 2PM to 11PM

Role Summary:

The Specialist, Global Compensation participates in compensation program design, compensation plan management and compensation evaluation and analysis. Under general supervision, this job is responsible for supporting management in developing and administering effective compensation programs in accordance with the organization's reward strategy.

Key Responsibilities and Duties:

- Administers changes to base pay, short-term and long-term incentives, allowances, deferred compensation, and sales compensation as directed by management.

- Conducts preliminary job analysis, job evaluations and salary increase reviews to ensure employees receive the appropriate compensation for their position.

- Participates in analysis and studies to support management in developing and administering effective compensation and benefits programs in accordance with the organization's reward strategy.

- Participates in salary surveys and gathers market data for salary review and planning.

- Prepares reports for the purpose of providing written support and conveying information to management regarding policy and compensation interpretation as well as in the annual salary planning process.

- Assists in the planning of new and revised compensation programs so that employees receive the appropriate compensation for their position.

- Reviews the company's compensation programs to ensure they are in accordance with established policies.