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Senior Compensation Analyst (Part Time Contractor)

Bengaluru, KA, IndiaPosted 1 weeks ago
Contractonsite

Job Description

Senior Compensation Analyst (Part Time Contractor)

  • Contract

Company Description

PSI is a leading Contract Research Organization with more than 25 years in the industry, offering a perfect balance between stability and innovation to both clients and employees. We focus on delivering quality and on-time services across a variety of therapeutic indications.

Job Description

We are looking for a part time freelance Senior Compensation Analyst to implement, manage and improve our compensation and benefits programs. The individual responsible will oversee the day-to-day analysis, execution, and communication of global pay and benefits.

This is a part time (20 hours per week) contracting role.

Responsibilities:

  • Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned with our company's strategy, business goals and talent needs.
  • Develop a consistent compensation philosophy in line with work culture and organizational objectives.
  • Utilize various methods and techniques to make data-based decisions on direct financial, indirect financial and nonfinancial compensation plans.
  • Support the Training & Resourcing team with recruitment and talent management activities.
  • Support the Finance team with budgets, year-end bonus incentive payment process and financial analysis of all compensation and benefit plans.
  • Support Legal team to ensure compliance of compensation and benefit programs with applicable laws and regulations.
  • Participate in salary and labor market surveys to determine prevailing pay rates and benefits.
  • Conduct ongoing research and report on emerging trends, issues and best practices.
  • Assess competitors' compensation and benefits plans and make recommendations for enhancements to our existing plans.
  • Provide subject matter expertise and internal support to key stakeholders including department heads, local country management, legal, finance and training & resourcing teams on a variety of compensation and benefit issues.

Qualifications

  • Experience working with Workday Core and Advanced Compensation modules, including configuration, data management, and annual cycle support
  • Strong proficiency in Excel, including advanced data analysis for compensation insights and reporting
  • Solid knowledge of compensation data submission processes, including annual submissions and spot surveys
  • Practical experience with Mercer and BDO compensation surveys, including data preparation, validation, and submission
  • Proven capability in job matching and benchmarking, leveraging job libraries and market data from multiple vendors
  • Familiarity with different benchmarking methodologies to ensure market competitiveness and internal alignment
  • Strong analytical mindset with attention to detail
  • Ability to work with large datasets and translate insights into actionable outcomes
  • Structured and process-oriented approach to compensation operations
  • Effective collaboration with HR, Reward, and business stakeholders
  • Preferred experience in tech or pharma high-growth environment working with compensation and reward programs in a global, large-scale corporate environment 
  • Educated to degree level or equivalent, ideally with a post-graduate qualification in a related discipline.
  • Certified Compensation Professional Certification is an asset.

Additional Information

Make the right call and take your career to a whole new level. Join the company that focuses on its people and invests in their professional development and success. Your role will be very important - you will help enhance our company's profile as the best place to work.

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Senior Compensation Analyst (Part Time Contractor) at PSI CRO | Renata