Compensation Analyst

• Provide analytical support to the Compensation function across India, supporting the design, implementation, administration, and governance of compensation programmes. 

• Analyse compensation data, identify trends, and develop actionable insights to support evidence-based compensation decision-making. 

• Support market pricing and benchmarking activities using external survey data. 

• Prepare and analyse compensation datasets, including merit, bonus, long-term incentive, and salary range data. 

• Support job evaluation, job matching, and alignment of roles to organisational grade structures. 

• Assist with the maintenance of salary structures, pay ranges, compensation frameworks, and related governance materials. 

• Support annual compensation review processes, including salary review, bonus, incentive, governance, and approval activities. 

• Assist in cost modelling and budget tracking for compensation cycles and key initiatives. 

• Validate compensation recommendations and ensure alignment with policy, approval requirements, and budget guidelines. 

• Validate and maintain compensation data, ensuring consistency across systems, reports, and outputs. 

• Prepare standard reports, dashboards, presentations, and management information for HR and business stakeholders. 

• Support responses to internal queries relating to compensation processes, data, and governance requirements. 

• Work closely with Compensation Managers, Human Resources, Talent Consultants, Finance, Payroll, business stakeholders, and external consultants to support compensation decision-making. 

• Contribute to job architecture, career framework, and organisational transformation initiatives, including job mapping, role alignment, job description documentation, and stakeholder communications. 

• Provide analytical and operational support on key organisational projects and new business initiatives. 

Basic Qualifications 

• Bachelor’s degree, or equivalent work experience 

• Typically requires at least 4 to 6 years of relevant compensation, total rewards, HR analytics, finance, or data analysis experience 

Preferred Skills/Experience 

• Strong analytical and numerical skills, with the ability to interpret compensation data, identify trends, and produce clear, evidence-based insights. 

• Experience supporting compensation activities such as market benchmarking, salary range analysis, annual compensation review, bonus or incentive processes, job evaluation, or job matching. 

• Proficient in Microsoft Excel and other Microsoft Office applications, with the ability to manage, validate, and present data accurately. 

• Strong attention to detail and commitment to data integrity, accuracy, and quality control across compensation outputs. 

• Effective written and verbal communication skills, with the ability to translate data and analysis into clear summaries, reports, and presentations for HR and business stakeholders. 

• Ability to manage multiple priorities, meet deadlines, and provide reliable support across compensation cycles, projects, and governance processes. 

• Experience working collaboratively with HR, Finance, Payroll, business stakeholders, or external consultants. 

• Experience working in financial services, a global capability centre, or a multinational organisation is preferred.