Remote Compensation and Benefits Analyst

Organization: Naukri Mitra

Location: Remote

Salary: $95,808 annually

About Us: Naukri Mitra is a premier recruitment firm that bridges exceptional talent with transformative opportunities. We are proud to present this opening for a Remote Compensation and Benefits Analyst on behalf of our esteemed client. This role suits professionals passionate about designing and managing equitable and competitive compensation and benefits programs.

Position Overview: The Remote Compensation and Benefits Analyst will develop, analyze, and maintain compensation structures and benefits programs that attract and retain top talent. This role requires a strong analytical mindset, excellent knowledge of labor market trends, and a commitment to aligning compensation strategies with organizational goals.

Key Responsibilities:

1. Compensation Analysis and Design:
   • Research and analyze market data to ensure competitive compensation practices.
   • Develop and maintain salary structures, pay scales, and job evaluation frameworks.
   • Conduct internal equity reviews to ensure fairness and compliance.
   • Collaborate with HR and leadership to design compensation plans that align with organizational goals.
2. Benefits Program Management:
   • Oversee the design and administration of employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
   • Evaluate and recommend benefits enhancements based on employee feedback and market trends.
   • Ensure benefits programs comply with legal and regulatory requirements.
   • Act as a point of contact for employees regarding benefits-related inquiries and support.
3. Data Analysis and Reporting:
   • Analyze compensation and benefits data to identify trends and provide actionable insights.
   • Prepare detailed reports for leadership, highlighting findings and recommendations.
   • Use HR analytics tools to forecast compensation budgets and assess program effectiveness.
4. Compliance and Risk Management:
   • Ensure compliance with federal, state, and local labor laws related to compensation and benefits.
   • Conduct audits of compensation and benefits programs to mitigate risks and maintain compliance.
   • Stay updated on legislation and industry standards impacting compensation and benefits.
5. Employee Communication and Support:
   • Develop and distribute explicit communication materials about compensation and benefits programs.
   • Organize training sessions or webinars to educate employees about available benefits.
   • Address employee concerns and guide them on maximizing their compensation and benefits.
6. Collaboration and Stakeholder Engagement:
   • Partner with HR, finance, and management teams to align compensation and benefits with broader organizational strategies.
   • Provide guidance and recommendations to managers on salary offers, promotions, and adjustments.
   • Support talent acquisition efforts by ensuring competitive and attractive compensation packages.
7. Continuous Improvement:
   • Monitor and assess the effectiveness of compensation and benefits programs.
   • Implement changes and updates to ensure the programs remain competitive and relevant.
   • Explore new tools, platforms, and methodologies to enhance program delivery and employee satisfaction.

Qualifications:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; Master’s degree preferred.
• 3+ years of experience in compensation and benefits analysis or a related role.
• Strong understanding of compensation structures, job evaluation methodologies, and benefits administration.
• Proficiency in data analysis tools and HR systems (e.g., Workday, SAP, or similar platforms).
• Familiarity with federal, state, and local labor laws and regulations.
• Excellent analytical and problem-solving skills with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to present complex data.
• Certification in compensation or benefits (e.g., CCP, CEBS) is a plus.

Why Join Us?

• Flexibility: Work remotely and enjoy the benefits of a role tailored to your lifestyle.
• Competitive Compensation: Earn a competitive salary of $95,808 annually, with additional benefits and perks.
• Professional Growth: Gain exposure to cutting-edge compensation and benefits practices while working with industry leaders.
• Impactful Role: Play a key part in designing programs that directly impact employee satisfaction and organizational success.
• Collaborative Culture: Join a team that values innovation, collaboration, and continuous improvement.

Application Process:

We encourage you to apply if you are a detail-oriented and strategic professional passionate about compensation and benefits. Join Naukri Mitra in connecting your expertise with an organization that values innovation and excellence. Take the next step in your career as a remote compensation and benefits analyst and make a meaningful impact by shaping equitable and competitive workplace practices.