Job Location: India
Reporting to the Global Total Rewards Leader, a key focus area for this role will be data analytics and drawing inferences to provide insights to markets and propose continuous improvement in Total Rewards. This position will also require some extent of client facing for the assigned areas of the organization. In the context of the business and people strategies, this position will be responsible for supporting the Global Rewards Analytics Portfolio, compensation planning processes and benefits design projects. This position will work in close collaboration with the extended HR teams to ensure a full understanding of the needs and requirements of the local markets. This role will also support strategic Global rewards initiatives from time to time.
Data Analytics
- Will be responsible to prepare the rewards monthly & quarterly dashboard. These dashboards will include analysis on promotions, off cycle salary increase, recognition spend, gender gap, hiring and attrition trends.
- Proactively look for ways to improve the dashboard with different important insights and analysis
- Maintain and improve the internal compensation tool to ensure HR & Talent have access to accurate and updated salary ranges for each job
Compensation Review
- Perform a thorough compensation review for the assigned countries, ensuring alignment with internal and external data
- Collaborate closely with HR to identify key talent who are underpaid and prepare an action plan to correct salaries
Benefits Management
- Conduct a benefits benchmarking exercise for all assigned countries ensuring Smith & Nephew is competitive in the market
- Support with management of UK Benefits, including collaborating closely with the broker/provider to answer queries from employee and to lead day to day activities
- Support with Planning and implementation of the UK Benefits Open Enrollment process
- Prepare and maintain a benefits overview for all assigned countries, including details on each benefit
Survey Participation
- Participate in compensation & benefits surveys every year to ensure we have updated market data
- Participate in the global quarterly salary increase surveys, data for which is used as a basis for budgeting
- Participate and complete and ad hoc survey as and when required
Support Analytics for Global Projects
- Pay Review Process: Support the Global Rewards team during the pay review process with audits and analysis such as utilization rate, outliers, completion status, etc. Also support with manual calculations and data corrections during the process for the assigned countries
- LTI Process: Support LTI process with analytics and preparing sign off decks for each business units
- Recognition: Support with day to day queries and collaborating closely with the vendor on the recognition platform
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
https://bigdatakb.com/smith-nephew-hiring-compensation-analyst-bigdatakb-com-28-jan-22/
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