Compensation & Benefits Analyst

Job Description

About The Job Lytx is looking for a Compensation & Benefits Analyst to join our HR team and support our mission of making the world’s roads safer. As a key member of the Total Rewards team, you will play a critical role in ensuring that our compensation programs are competitive, equitable, and aligned with business objectives. The position will be responsible for developing, implementing, and administering the India site compensation and benefits. This role requires a deep understanding of India's market trends, and best practices to ensure competitive, cost-effective, and compliant benefits offerings. The incumbent will play a key role in supporting the location Compensation & Benefits (C&B) Center of Excellence (COE) by providing insights, ensuring alignment with global policies, and driving local execution. You’ll Get To Compensation & Market Intelligence Gather local market intelligence and analyze salary and benefits trends to support recommendations. Build and ensure competitive salary ranges and internal equity are in place. Participate in compensation and benefits surveys to benchmark the company’s competitive position in the market. Support the annual salary review process, ensuring salary adjustments conform to established guidelines. Provide insights and recommendations on pay-for-performance strategies, salary structures, and benefits optimization. Benefits Strategy & Administration Manage and administer employee benefits programs, including but not limited to healthcare, insurance and retirement plans. Ensure alignment of benefits programs with global and regional total rewards philosophy while balancing affordability and competitiveness. Support and administer communicate benefits policies, features, and enrollment requirements, ensuring employees have a clear understanding of available offerings. Analyze employee demographics, risk exposure, and cost containment strategies to recommend enhancements to benefits programs. Ensure compliance with all Indian labor laws (e.g., Provident Fund, Gratuity, ESIC) and adapt programs based on regulatory changes. Employee Communication & Engagement Develop and manage employee FAQs, communication materials, and training sessions to improve benefits understanding and utilization. Point of contact for employees and address inquiries related to compensation and benefits and ensure a positive employee experience. Vendor & Stakeholder Management Serve as the primary liaison with insurance providers, brokers, and third-party vendors, ensuring efficient claims processing and service quality. Partner with Global benefits manager to ensure alignment between local benefits programs and global policies. Enhance internal and external relationships, networking with industry peers and experts to stay updated on trends. Process Improvement & Regional Collaboration Support annual compensation and benefits events, including the annual insurance benefits renewal. Support the Base Pay planning process ensuring smooth transitions and alignment with global owners and organizational goals. What You Need Bachelor's Degree in related field Minimum of 5 years of specialized C&B experience, preferably in compensation. Strong knowledge of Indian compensation and benefits regulations and labor laws. Strong stakeholder management and influencing skills, with the ability to communicate complex matters to different audiences effectively. High level of integrity, attention to detail, and ability to manage sensitive information Excellent analytical, problem-solving, and project management skills. Results-driven team player, who can function effectively and independently in a fast-paced dynamic environment Experience working with HRIS and compensation & benefits tools (e.g., Workday, Mercer, Radford). Innovation Lives Here You go all in no matter what you do, and so do we. At Lytx, we’re powered by cutting-edge technology and Happy People. You want your work to make a positive impact in the world, and that’s what we do. Join our diverse team of hungry, humble and capable people united to make a difference. Together, we help save lives on our roadways. Find out how good it feels to be a part of an inclusive, collaborative team. We’re committed to delivering an environment where everyone feels valued, included and supported to do their best work and share their voices. Lytx, Inc. is proud to be an equal opportunity/affirmative action employer and maintains a drug-free workplace. We’re committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce. EOE/M/F/Disabled/Vet. Show more Show less