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._