Compensation Specialist

Year    Bengaluru, Karnataka, India

Job Description


Site Name: Bengaluru Luxor North Tower
Posted Date: Aug 29 2022
Ready to help shape the future of healthcare? GSK is a global biopharma company with a special purpose – to unite science, technology and talent to get ahead of disease together – so we can positively impact the health of billions of people and deliver stronger, more sustainable shareholder returns – as an organisation where people can thrive. Getting ahead means preventing disease as well as treating it, and we aim to impact the health of 2.5 billion people around the world in the next 10 years. Our success absolutely depends on our people. While getting ahead of disease together is about our ambition for patients and shareholders, it’s also about making GSK a place where people can thrive. We want GSK to be a place where people feel inspired, encouraged and challenged to be the best they can be. A place where they can be themselves – feeling welcome, valued and included. Where they can keep growing and look after their wellbeing. So, if you share our ambition, join us at this exciting moment in our journey to get Ahead Together. Job Purpose:- This role will support the delivery of Compensation process within the applicable Region including driving and supporting the reward agenda and provision of the customer support/relationship building with the assigned markets/clusters. Key Responsibilities :- The Compensation Specialist/Specialist will be responsible for supporting the Compensation Managers to deliver the activities below. This role will mainly work internally within the team but there will be some customer facing activity (via ServiceNOW and the Comp Mgrs). Recognition Process

  • Supporting the annual review of the recognition range for their countries, including managing local engagement via the Country Duty Holder (CDH)
Job Evaluation & Job Catalogue
  • Carry out job evaluations for grades 7-10 working with the Compensation Mgrs
    • Includes, ensuring governance and equity of job evaluations by business and country
    • May include, specific process steps for countries e.g. where unionised arrangements / sub-grades are in place
  • Participation in the annual job catalogue refresh process, supporting to align the outcomes of the review with roles in-Region (in partnership with the Regional Process Lead and Global Benchmarking Team)
  • Participating in data verification processes specifically relating to the misalignment of job profiles
Performance & Reward Process (includes but not limited to the following)
  • APR Budget Setting
    • Coordinate APR budget proposals on behalf of the Compensation Mgr based on the global principles and supporting data e.g. Finance plan, projected country wage inflation, competitiveness data, turnover etc
  • Performance
    • Coordination of Performance configuration for all countries within remit
  • APR Process
    • Ensure correct merit plan assignment
    • Guide 'in flight' merit transactions and oversee completion
    • Support managers with questions around making salary decisions and 'data behavior’
  • Bonus
    • Manage bonus for the aligned group of countries including
      • Validation checks on bonus plans and business alignment (outside of the Mgr Data Verificaton process)
      • Perform validation checks on the bonus calculations coming out of Workday
  • Other
    • Responding to queries on the P&R process escalated via the Tier 1 SC Teams
    • Supporting with global communications and education e.g. with translations (as required), additional education requirements, preparation of the country “one pagers” detailing country specific policies / processes which may impact the global P&R process
Equity Reviews
  • Conduct Analysis using standard tools and processes working closely with the Compensation Mgr who will work with the Line Leader / HRBLs on the outcomes
  • Records retention of documents related to equity reviews
Salary Management
  • Supports leaders with salary decision guidance either based on specific requests via ServiceNOW or as per Workday escalations e.g. as part of the Request Comp Change, Job Change and Ready Recruit processes. All salary management guidance should be provided within global guidance and using global tools
  • Monitors competitiveness within aligned countries
  • Accountable for records retention process of compensation related documents
Market Data
  • Carries out job mapping/matching for benchmarking as per the guidance provided by the Global Benchmarking Team
  • Supports the Global Benchmarking Team to investigate data issues, matching errors or data gaps
  • Validates job family ranges for countries within remit, supported by the Country HR Teams (if applicable)
Employment Cost Analysis
  • Consolidates submissions and multipliers for the countries within remit passing these to the Regional Process Mgr for final validation and coordination
Governance & Risk Management
  • All the above is underpinned by the Reward Governance Framework (RGF)
  • The Compensation Specialist/Specialist must apply the RGF to their work at all times
  • Contribution to the local risk management process
Knowledge/Education Required:- Minimum Level of Education Required - BA / BSc Degree level Preferred Level of Education - Compensation certification preferred Area of Specialization - Business /Reward/Compensation or HR qualification, Compensation & Benefits Previous Experience Required:- Minimum Level of Job-Related Experience Required
  • Experience in a Reward / HR role (ideally gained in a large Corporation or a specialist consulting organization)
Job-Related Experience sections above that are required for the job:-
  • Ideally would have additional language skills to ensure effective communications with LOCs
  • Further in-depth experience and cultural understanding at a Local Operations level is highly beneficial
At GSK we value diversity (Gender, LGBTQ +, PwD etc.) and treat all candidates equally. We aim to create an inclusive workplace where all employees feel engaged, supportive of one another, and know their work makes an important contribution.
  • LI-GSK
GSK is a global biopharma company with a special purpose – to unite science, technology and talent to get ahead of disease together – so we can positively impact the health of billions of people and deliver stronger, more sustainable shareholder returns – as an organisation where people can thrive. Getting ahead means preventing disease as well as treating it, and we aim to impact the health of 2.5 billion people around the world in the next 10 years.

Our success absolutely depends on our people. While getting ahead of disease together is about our ambition for patients and shareholders, it’s also about making GSK a place where people can thrive. We want GSK to be a place where people feel inspired, encouraged and challenged to be the best they can be. A place where they can be themselves – feeling welcome, valued and included. Where they can keep growing and look after their wellbeing. So, if you share our ambition, join us at this exciting moment in our journey to get Ahead Together.

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Job Detail

  • Job Id
    JD2886765
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Bengaluru, Karnataka, India
  • Education
    Not mentioned
  • Experience
    Year