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30 Paychex IT Solutions India Jobs

Sr Compensation Analyst

5-7 years

Bangalore / Bengaluru

1 vacancy

Sr Compensation Analyst

Paychex IT Solutions India

posted 1d ago

Job Description

The Senior Compensation Analyst will play a crucial role in designing, implementing, and managing our organizations compensation programs. The ideal candidate will lead the design and implementation of job architecture framework, including job leveling, career paths, and internal equity assessments. Including responsibility for analyzing market trends, designing and evaluating compensation structures, and providing valuable insights to help attract, retain, and motivate our employees. Works collaboratively with key stakeholders, including HR, finance, and business leaders, to ensure that our compensation strategy aligns with the companys goals and objectives. Responsibilities
  • Develop and maintain a comprehensive job architecture framework aligned with business objectives and industry best practices. Lead the design and creation of new job roles and job descriptions based on organizational needs and market trends. Collaborate with cross-functional teams to implement job architecture initiatives and ensure alignment with overall HR and business strategies.
  • Act as a subject matter expert on compensation matters, including job evaluations, salary recommendations, and promotions, serving as a trusted advisor to hiring managers and HR partners. Collaborate with the talent acquisition team to develop compelling job offers that are competitive and fair.
  • Partner with HR and business leaders to develop and implement effective compensation strategies that align with organizational goals. Prepare and present reports and recommendations to senior management regarding compensation-related initiatives.
  • Conduct regular market analysis and benchmarking to assess the competitiveness of the organizations compensation packages and are aligned with industry standards
  • Monitor and respond to changes in legislation and regulations that impact compensation practices. Provide guidance and expertise on regulatory compliance and best practices related to compensation.
  • Lead the annual salary review process, including creating salary structures, conducting benchmarking studies, and recommending adjustments as needed Qualifications
    • Bachelors Degree in Human Resources, Business or related discipline - Preferred
    • 2 years of experience in Project management experience.
    • 5+ years of experience in Compensation analysis, design, and implementation, preferably in a large organization.
    • CCP, PHR a plus
    • 5-7 Years of experience in compensation for India and US.
    • Understanding of India Labor laws and market data.
    • Strong experience in excel including formulas, charts, pivot tables.
    • Should be good in Powerpoint presentation \u2013 telling a story.
    • Strong Communication and Analytical skills, Decision making skills and knowing when to engage.
The Senior Compensation Analyst will play a crucial role in designing, implementing, and managing our organizations compensation programs. The ideal candidate will lead the design and implementation of job architecture framework, including job leveling, c

Employment Type: Full Time, Permanent

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What Paychex IT Solutions India employees are saying about work life

based on 96 employees
82%
95%
78%
56%
Flexible timing
Monday to Friday
No travel
Night Shift
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Paychex IT Solutions India Benefits

Submitted by Company
Cafeteria
Health Insurance
Hybrid Work Model
Child care
Team Outings
Soft Skill Training
Submitted by Employees
Health Insurance
Job Training
Team Outings
Work From Home
Soft Skill Training
Free Transport +6 more
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Paychex IT Solutions India Bangalore / Bengaluru Office Location

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Bangalore / Bengaluru, Karnataka Office
Primeco spectrum 2nd floor, Primeco towers Arekere gate, junction, Bannerghatta Rd, Bengaluru, Karnataka 560076 Bangalore / Bengaluru, Karnataka
560076

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