Lead Compensation Analyst

ascensus global india llp

📍 chennai india india🕐 2mo ago🔗 workday

Job Description

Ascensus is the leading independent technology and service platform powering savings plans across America, providing products and expertise that help nearly 16 million people save for a better today and tomorrow. The Lead Compensation Analyst role will focus on compensation planning, market benchmarking, and the development and implementation of competitive reward strategies. This role will bring a deep understanding of compensation structures, salary surveys, and market data analysis in the India market context, supporting the attraction, retention, and motivation of top talent. **Section 2: Job Functions, Essential Duties and Responsibilities** * Compensation Planning & Analysis * Collaborate with teammates to lead the annual  compensation planning processes, including merit increases, promotions, and bonus recommendations for India. * Analyze internal and external compensation data to ensure competitiveness and internal equity in accordance with the compensation strategy and philosophy of the organization. * Develop and maintain salary structures, ranges, and job levels aligned to market competitiveness and internal equity. * Market Data Management *  Support Partner with compensation leader in compensation surveys (e.g., Mercer, Aon, Willis Towers Watson) and analyze market data to identify trends and provide insights. * Build and maintain compensation databases and dashboards for internal reporting and decision-making. * Partner with global and regional teams to align market data analysis with broader compensation strategies. * Total Rewards Strategy & Execution * Contribute to the development and implementation of total rewards programs tailored to the local market. * Support long- and short-term incentive plan design and rollout. * Assist in communication and change management initiatives related to rewards programs. * Participate in job evaluation, leveling, and job family governance using established frameworks. * Stakeholder Collaboration * Work closely with teammates, Talent Acquisition, and Finance to ensure alignment of compensation decisions with organizational goals. * Serve as a trusted advisor to HR Business Partners and people leaders on compensation matters. * Provide consultation and training to HR and line managers on compensation practices and tools. * Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients. * At Ascensus we are guided by our Core Values of People Matter, Quality First and Integrity Always®. They inspire us every day to prioritize an environment of respect for those we serve and one another and should be visible in your actions on a day-to-day. **Supervision**   * N/A **Section 3:  Experience, Skills, Knowledge Requirements** * Bachelor’s degree in Human Resources, Business, Economics, or related field; MBA or professional HR certification (e.g., CCP, GRP) is a plus. * 8+ years of progressive experience in compensation or total rewards, with strong exposure to India compensation practices. * Strong analytical skills and proficiency in Excel, data visualization tools, and HRIS systems e.g., Workday. * Demonstrated experience working with compensation surveys and benchmarking tools. * Knowledge of Indian labor laws and regulatory guidelines related to compensation and benefits. * Excellent communication skills and ability to present data-driven insights to diverse stakeholders. We are proud to be an Equal Opportunity Employer _Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com_ _or @futureplan.com_ _email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website._