Compensation and Benefits Analyst Sr - Noida, India - Insight

    Insight
    Insight Noida, India

    2 weeks ago

    Default job background
    Description

    We at Insight are hiring "Compensation and Benefits Analyst Sr." with 5+ years of experience in SALARY BENCHMARKING

    Shift timings- 1:00 PM-10:00 PM

    Work mode- Hybrid

    Location-Delhi NCR

    Position Overview-

    Conducts analysis of jobs, salaries and incentives in order to evaluate internal equity, external competitiveness, and legal compliance of the organization's pay practices. Make recommendations regarding salary grades or market rates for specific jobs. Evaluates and administers benefit programs including health and welfare plans. Develop operating procedures for processing and controlling benefit programs, manage and administer the benefits system, and maintain data and prepare reports on benefit usage and cost. Incumbents interpret and explain benefits to teammates, serve as Tier 2 point of contact for the HR Service Center.

    What you'll do at Insight


    • Evaluate job duties and responsibilities, classify job exemption status, determine salary grade, and document job descriptions


    • Create, modify and design compensation plans


    • Compensation benchmarking


    • Administer compensation surveys and use the data to analyze competitive salary information to determine company's competitive position


    • Manage and administer data in all compensation systems:


    • Coordinate systems support with HRIS to successfully execute annual merit cycle and CIP administration.


    • Review proposed salary adjustments in support of established guidelines, policies and practices


    • Recommend corrective or alternative actions to resolve compensation related issues to HR Managers or Business Leaders


    • Conduct new hire orientation and presents benefits overview.


    • Administer employee enrollment and claims processes, including maintaining accurate records, tracking employee benefits usage, and resolving benefit-related issues.


    • Monitor industry trends and make recommendations to management regarding potential plan improvements or changes.


    • Work with payroll department to ensure that benefits program deductions and contributions are accurately processed.


    • Maintain open communication with teammates to understand their needs and concerns related to their benefits programs.


    • Continuously evaluate and improve benefits programs to ensure that they meet the changing needs of the company and its teammates.

    What you'll need to join Insight-


    • 5+ years' combined experience in a Compensation and Benefits role


    • Extensive experience in salary benchmarking.


    • Ability to understand the components to compensation and benefit plans and maintain data integrity in compensation and benefit systems


    • Master's degree (M.BA/PGDM); or equivalent combination of education and HR related experience.


    • Ability to respond effectively to the most sensitive inquiries or complaints


    • Ability to effectively communicate to all levels of management


    • Ability to make presentations.