Covance

Senior Compensation Analyst

Job Location(s) IN-Bangalore
Job Number
2021-69707
Job Category
Human Resources
Position Type
Full-Time
Telecommute
No

Job Overview

This role is dedicated as Compensation lead for all Labcorp M&As globally. The role is expected to have a good background of Compensation areas: research, reporting and analysis to compensation management which includes salary surveys, year-end salary planning, assistance with communications and other compensation related pay practices.  Support the business units with market pricing, job evaluation data and compensation projects.
 
- Compensation point of contact for all Labcorp M&A activities globally
- Work in partnership with Global Rewards function
- Conduct due diligence including review of compensation plan provisions; provide input on diligence reports, identifying key compensation-related transitional issues, risk mitigation strategies and cost
- Establish compensation integration and retention strategy; estimate one-time and incremental cost impact
- Conduct job evaluations, market pricing, other compensation requests and ensure on time delivery to the business unit and HR partners meeting high service levels and SLA requirements
- Responsible for job mapping M&A employees into the Labcorp structure
- Provide input on compensation employee communications
- Responsible for reviewing all legacy compensation programs and creating a side by side comparison and impact analysis
- Support the annual global compensation planning cycle for equity, bonus, and merit process for any M&As
- Manage, audit, and maintain the integrity of job codes
- Educate and support HRPs on compensation strategy, policies, and programs
- Prepare compensation reporting and data analyses  
- Assist with compliance audits
- Document processes, update policies, procedures and practices to ensure compliance

Education/Qualifications

- Bachelor’s degree in Human Resources, Business Administration, or a related field required or equivalent years of experience.
- Experience in Human Resources with demonstrated experience in Compensation.
- CCP certification preferred

Experience

- Minimum 5 years compensation experience, preferably within a complex commercial organization and experience working in a Human Resources function with a shared service delivery and strategic business partner model.
- Solid experience in M&A focused on due diligence through integration.
- General knowledge of Compensation theory, practice, policies, and procedures including country legislation
- Demonstrate business acumen, consulting, and analytical/problem solving skills with the ability to analyze data, draw conclusions, recognize implications and generate solutions
- Advanced research and critical thinking skills; able to gather information, identify trends, draw valid conclusions and propose actionable recommendations
- Strong communication skills including written, verbal, listening, and presentation Fluency in English required, knowledge of additional languages would be useful as needed.
- Strong MS Office skills, particularly in Excel and proficient in using other standard office software such as Word, PowerPoint, and Outlook as well as capability in an HR Information System.
- Excellent interpersonal skills including a professional and diplomatic demeanor.
- Flexibility in competently juggling competing priorities and changing expectations.
- Self-starter and able to manage own workload and complete projects from beginning to end including the ability to work independently, organize work priorities and time management skills.
- Proven ability to resolve complex and highly sensitive work-related issues using keen negotiation and conflict resolution skills.
- Ability to develop effective working relationships with peers and HRPs globally demonstrating outstanding judgment and mature business skills with the ability to establish a strong rapport and respect for all staff regardless of level.
- Ability to thrive in unclear and stressful situations.
 

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