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    Compensation Functional Lead - Chennai, India - 544 FLSmidth Private Limited

    544 FLSmidth Private Limited
    544 FLSmidth Private Limited Chennai, India

    1 day ago

    Default job background
    Full time
    Description

    Create a better future

    Do you want to make a difference in the world and contribute to a sustainable future? We believe we can develop technology and gain the knowledge to make that difference. We have launched our ambition, Mission Zero – enabling our customers to move towards zero emissions in mining We need your leadership skills, curiosity, and drive for change to fulfil our goal. Together, we enable our customers to produce the materials needed for a better future.

    Seize global opportunities

    The FLSmidth People Service & Technology is formed to support all the HR processes and services to our employees globally. As Compensation Functional Lead, we will count on you to implement the strategic objective of the organization related to the Total Rewards area. You will engage, connect and closely collaborate with Rewards Centre of Excellence and other people function colleagues to design and deliver all compensation processes & automations. This is an opportunity to develop impactful employee experience through continuous process improvement & automation.

    Your responsibilities

  • Advanced Mastery of Workday : Showcase an extensive comprehension and proficiency in both the Workday Advanced and Core Compensation modules, providing expert guidance on enhancements and implementing best practices. Utilize Workdays full capabilities to elevate our compensation strategies.
  • Collaborative Integration Across Modules : Seamlessly collaborate across various Workday modules, such as HCM, Security, Recruitment, and Talent, to ensure that compensation solutions integrate smoothly with other HR processes. Foster a cohesive and streamlined system by promoting harmony between compensation and other HR functions.
  • Effective Configuration Management : Demonstrate flexibility in creating and modifying compensation packages, basis, plans, rules, business processes, benchmark data, job catalog, job profiles, grades, grade profiles, salary ranges, and steps. Prioritize defaulting compensation elements throughout the entire employee lifecycle, including hires and job changes.
  • Knowledge in merit, bonus and stock plan configuration. Initiation and administration of a compensation review process.
  • Should be adept at launching, editing, and finalizing the Annual Compensation Review, while also managing compounding options, business process parallel events, rule sets, and business reasons.
  • Proficiency in managing pools, scorecards, custom modifiers, and merit matrices is essential. The candidate should be familiar with compensation review templates and options, and capable of releasing compensation review statements.
  • Responsible for the thorough testing and analysis of new Workday features and functionality and participates in release planning, accountable for regression testing, unit testing, User Acceptance testing and pre-launch testing / sign-off for new features or enhancements.
  • Troubleshoot issues and questions reported by the business related to Compensation.
  • Prioritizes Workday deliverables based on criticality and be able to support multiple HR teams and set expectations for all Workday deliverables.
  • Provide training to new HR business partners and internal HR team members as needed.
  • Identifies and drives continuous improvement initiatives to improve the employee experience, reduce risk and costs, and improve compliance and controls.
  • Keenly look for automations and ways to reduce manual work especially in the area like bonus payout, compensation letters etc...
  • Partner with Rewards CoE & People Services teams to gain first-hand knowledge of their processes and synthesize knowledge into systems improvements.

    • What you bring

  • Bachelor's degree in a relevant field. Business Administration, Statistics, or a related field.
  • Minimum of 5 years of Experience in Workday Compensation function
  • Workday Core & Advanced Compensation Certified
  • Preferred if additional experience with Workday Benefits function
  • Technically proficient in relevant computer applications
  • Excellent verbal and written communication skill
  • Solution oriented mindset with focus on Automation and Process Excellence
  • Strong analytical and problem solving skill.

    • What we offer

  • Competitive benefit package including Health Insurance, Personal Accident / Disability, Group Term Life Insurance, Annual health check-up, and voluntary insurance options.
  • Time to recharge through 30 days PTO (with up to 10 days carry forward as Earned Leave stock)
  • Work-life balance with a flexible work schedule so you can focus on professional and personal priorities.
  • Financial support for continuing education
  • Employee Assistance Program
  • A global network of supportive colleagues and growth opportunities
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