Compensation Associate
Are you a detail-oriented, analytical individual with a passion for numbers and a strong understanding of compensation principles? Do you thrive in a fast-paced, dynamic work environment? Look no further! Intercontinental Exchange is seeking a driven Compensation Associate to join our team. As a global leader in financial services and technology, our company offers a challenging and rewarding opportunity for individuals looking to advance their career in the field of compensation. If you possess a strong work ethic, exceptional communication skills, and a desire to make a meaningful impact, we want to hear from you.
- Conduct thorough analysis of compensation data and trends to ensure competitive and fair compensation packages for employees.
- Collaborate with HR and finance teams to develop and implement compensation strategies and programs.
- Stay up-to-date on industry standards and best practices in compensation to make informed decisions.
- Review and evaluate job descriptions to determine appropriate salary ranges and job classifications.
- Manage and maintain compensation data and records, ensuring accuracy and confidentiality.
- Assist with the design and implementation of incentive and bonus programs.
- Communicate compensation policies and procedures to employees and address any questions or concerns.
- Prepare and present compensation reports and recommendations to senior management.
- Conduct market research and benchmarking to ensure competitive compensation packages.
- Participate in salary surveys and analyze data to make recommendations for adjustments.
- Assist with the development and administration of annual salary review and merit increase processes.
- Work closely with payroll team to ensure accurate and timely processing of compensation information.
- Provide support and guidance to managers on compensation-related issues.
- Ensure compliance with all relevant regulations and laws related to compensation.
- Collaborate with cross-functional teams to drive continuous improvement in compensation processes and systems.
Bachelor's Degree In Human Resources, Business Administration, Finance, Or Related Field.
Minimum Of 2-3 Years Of Experience In Compensation Analysis And Administration, Preferably In A Corporate Or Financial Services Environment.
Strong Understanding Of Compensation Principles, Including Job Evaluation, Market Analysis, And Pay Structure Design.
Proficiency In Using Compensation Databases And Software, Such As Radford, Mercer, Or Willis Towers Watson.
Excellent Analytical And Problem-Solving Skills, With The Ability To Interpret And Present Complex Data In A Clear And Concise Manner.
Performance Management
Data Analysis
Benefits Administration
Payroll Processing
Compliance Management
Market pricing
Compensation planning
Incentive Design
Job Evaluation
Salary Surveys
Compensation Benchmarking
Communication
Conflict Resolution
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
Empathy
Decision-making
According to JobzMall, the average salary range for a Compensation Associate in Hyderabad, Telangana, India is between ₹ 3,00,000 – ₹ 6,00,000 per year. However, this can vary depending on the specific company, location, and level of experience. Some companies may offer higher salaries for more experienced Compensation Associates or for those with specialized skills or qualifications. Additionally, the salary may also include bonuses, benefits, and other perks.
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Intercontinental Exchange is an American company that owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces.
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