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The Compensation & Benefits Analyst will consult with HR partners, manage compensation adjustments, analyze salary information, audit job descriptions, administer the performance increase process, and support sales compensation programs, ensuring compliance with Indian regulations.
Position:
Compensation & Benefits Analyst - India
Job Description:
C&B Analyst - India
What You'll Be Doing
- Consults with Human Resources business partners to facilitate management and employee understanding of Arrow's total reward systems. Educates, mentors, and trains all Human Resources staff on compensation processes, practices, and programs. Reviews proposed salary adjustments for conformance to established guidelines, policies and practices. Recommends corrective or alternative actions to resolve compensation-related problems.
- Participates in compensation surveys to collect and analyze competitive salary information to determine company's competitive position. Participates in domestic and international third-party compensation surveys. Evaluates external market compensation data to ensure the competitiveness of Arrow's salary structures, incentive programs and other pay practices. Ensures appropriate job matches of Arrow's jobs to survey positions.
- Audits jobs for content and prepares job descriptions reflecting job responsibilities, activities, duties and requirements. Reviews requests for new or revised classifications to determine appropriate salary grade assignment. Formulates recommendations regarding development of company salary structure, FLSA exemptions, job revisions and organizational structures. Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action.
- Assist in the administration of the annual performance increase process including: administration of the compensation planning system, analysis, communication and delivering training to HR Consultants, Business Partners, etc.
- Prepare special studies and recommendations on all compensation related programs and plans.
- Administers sales compensation/incentive payments to sales personnel based on program documents. Calculates, verifies and reviews compensation payment amounts for accuracy and completeness. Verifies and follows through, ensure accuracy and timeliness of payments as outlined in the program. Submits completed payments to payroll for processing.
- Performs support activities needed for the development, implementation, communication and administration of sales compensation/incentive programs and policies including making necessary system changes for new sales plans.
- The incumbent need to provide support with India-specific benefits, such as insurance renewals and reviews, as well as incentives processing. Knowledge of the India compliance framework related to compensation and benefits-such as PF, Wage Code, and Factory Act-would be an added advantage.
What We're Looking For
- Bachelor's degree in human resources management, business administration, or related field
- At least 3-5 years of experience in compensation and benefits related role
- Extensive knowledge of compensation and benefits programs, policies, procedures, and applicable legislation
- Proficiency in MS Office (Word, Excel, PowerPoint), knowledge in Power BI is a plus
- Excellent communication and organizational skills
- Strong analytical, problem-solving, and decision-making skills
Arrow Electronics, Inc. (NYSE: ARW), an award-winning Fortune 133 and one of Fortune Magazine's Most Admired Companies. Arrow guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2023 sales of USD $33.11 billion, Arrow develops technology solutions that improve business and daily life. Our broad portfolio that spans the entire technology landscape helps customers create, make and manage forward-thinking products that make the benefits of technology accessible to as many people as possible. Learn more at www.arrow.com.
Our strategic direction of guiding innovation forward is expressed as Five Years Out, a way of thinking about the tangible future to bridge the gap between what's possible and the practical technologies to make it happen. Learn more at https://www.fiveyearsout.com/.
For more job opportunities, please visit https://careers.arrow.com/us/en.
Location:
IN-KA-Bangalore, India
Time Type:
Full time
Job Category:
Human Resources and Sustainability
Top Skills
MS Office
Power BI
Arrow Electronics, Inc. Hyderabad, Telangana, IND Office
Hyderabad, Telangana, India, 500003
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