Key Responsibilities:
Global Compensation Strategy: Lead the design and execution of compensation programs that align with our global business strategy, ensuring competitive positioning in the market.
Productivity and Revenue Analysis: Contribute to the dialogue of productivity and revenue growth by developing models to analyze revenue versus cost at the employee level, informing decisions on hiring, project assignments, and salary revisions.
Salary Benchmarking: Participate in annual salary benchmarking surveys to analyze the company’s market position, review existing salary grids, and develop competitive pay programs.
Salary Grid Development: Create and manage salary grids based on business requirements, including skill-based grids for specialized roles with limited market data, and differentiated grids for pricing and recruitment.
Variable Pay Component: Introduce level-based variable pay components linked to performance.
Compliance Management: Ensure statutory and legal compliance with changes in labor laws across various geographies, safeguarding the organization against potential risks.
Data Analytics and Reporting: Provide analytics to the leadership team on strategic aspects such as wage bill movement, benefits usage, and performance of various bonus/incentive plans, offering insights on cost optimization and effectiveness improvements.
Qualifications:
8+ years of experience in compensation management, with at least 5 years specifically in the tech services industry
Proven track record in designing and implementing scalable compensation models
Strong understanding of P&L economics and their relationship to compensation strategies
Experience with international compensation practices and regulations
In-depth knowledge of benefits programs and their integration with total rewards strategies
Excellent analytical and financial modeling skills
Strong leadership and communication abilities
Proficiency in compensation management software and advanced Excel skills