Senior Comp & Ben Analyst

As Senior Compensation and Benefits Analyst at MSTI Gujarat, India, you will be responsible for Micron s compensation and benefits programs with primary focus on MSTI Gujarat. You will work under the direction of the Director, Total Rewards India & EMEA. You will also be responsible for supporting continuous improvement of compensation and benefits program and assist in the evaluation of the effectiveness of the programs. You will help to evaluate Microns reward competitiveness and alignment to the company s business strategy and culture. You will partner, collaborate and consult with key customers and HR stakeholders globally.

Responsibilities And Tasks

Conduct Job Analysis and Maintain Job Inventories

• Interview manager or business partner to identify job description
• Determine best match by researching against current job library and other third party survey benchmark jobs
• Identify justification if a new job is needed (business, geographic, regulatory, population size)
• Determine recommended actions and propose to manager
• Create new job and update all reference material

Establish and Maintain Pay Ranges

• Submit and collect data through third party market surveys
• Evaluate job matches to market for validity and analyze data
• Make recommendations for change to ranges based on comp philosophy and strategy
• Consult with leaders and business partner to validate ranges
• Perform continued evaluation

Ensure Regulatory Compliance

• Establish and maintain personal understanding of regulations
• Consult with internal and external experts to verify understanding and determine application of compliance regulation
• Identify liabilities and recommend and implement solutions
• Implement and maintain on-going compliance processes where applicable
• Attend and manage internal and external audits as the case may be

Consult, Educate and Manage Relationships with Customers

• Identify, clarify and research customer needs
• Determine solution to best fit customer needs and align to business objectives (education / consultation / advising)
• Review proposed solution and cost modeling with necessary internal experts and stakeholders
• Create and provide compensation training to managers and team members regularly
• Solicit process feedback from global customers and peers and implement improvements
• Communicate and build relationships and credibility with key contacts (site leaders, area leaders, business partners)

Produce and Analyze Compensation Reports

• Determine needs, design, generate, maintain and distribute reports as needed to key stakeholders
• Analyze, interpret and present results to appropriate stakeholders
• Complete modeling scenarios, develop recommendations and generate evaluation summaries based on data

Maintain Compensation Data and Systems

• Receive, evaluate, process and audit data change request and results
• Troubleshoot and correct system errors
• Perform detailed, global system testing
• Ensure data integrity in existing systems
• Escalate issues to appropriate party(s) and validate issue resolution

Projects

• Participate on project teams as a representative of the compensation and benefits service and act as a subject matter expert to provide counsel, advice and support

Manage Total Compensation Programs

• Maintain program documentation
• Ensure compliance to current plans
• Evaluate program for inefficiencies and areas for improvement
• Suggest changes to improve current program
• Work with stakeholders to identify and implement needed plan changes
• Benchmark current compensation practices on a regular cadence and as requested for continuous improvement
• Gather and review employee and/or management feedback, current and future needs and industry trends
• Communicate and coordinate changes with impacted personnel and management

Skills / Requirements:

• 6 - 8 years of experience in Compensation & Benefits function in reputed tech companies
• Graduation with Commerce/statistics as core subject or MBA HR from reputed colleges
• Expert / proficient in using Microsoft Excel and knowledge in using Microsoft office Applications ie: Word, Outlook, power point
• Ability to analyze data, identify data quality issues, and provide solutions or approaches to solve data problems with fair amount of knowledge in statistical methods.
• Very strong verbal and written communication skills
• Excellent organizational and time management skills