Sr. Compensation & Benefits Specialist

We are looking for a highly motivated Compensation & Benefits Sr Specialist to join our Global Shared Services (GSS) Global Center in Pune. You will be part of a team that is responsible for delivering compensation and benefit processes within DNV organizations in South and North Asia, IMEA and North America regions. The ambition of the new unit is to perform and further standardize global processes while delivering compensation and benefit support which is tailored to the specific business needs across the regions. You will also be engaged in various global projects where you will have an opportunity to share and implement your ideas.

Compensation:

• Be responsible for conducting annual compensation processes (annual salary adjustment and bonus calculation) for various countries, incl. documentation and third-party management for regions supported by Global Centre
• Conduct data collection for various countries where DNV participates in market comparison.
• Prepare country benchmark reports and support the Regional Centres in sharing these with senior country management in the salary budgeting process
• Model salary adjustment frames (budgets) and distribution criteria based on the Business Area and country specific needs
• Support and advise on country specific application of global compensation processes (for example implications of long-term absence, country specific legal requirements) in collaboration with Regional Centre Experts and Advisors
• Maintain and monitor benchmarks, external market statistics and internal salary analyses, in collaboration with Regional Centres and recruiters
• Support annual global profit share scheme processes including checks on local salary, employee data and the necessary parameters
• Stay abreast of all major contemporary compensation related issues, local labour laws, regulations, competition benchmarks, etc

• Maintain contracts of locally provided benefits with contact details of third parties, renewal dates and terms and conditions. Explore ways to enhance delivery using technology
• Work with external providers to update benefits and we'llness plans provided across a range of countries, in collaboration with the regional centres and operations team
• Invoice management for benefit vendor (review and approve invoices)
• Participate in renewal of annual benefit policies, workers compensation etc

• Foster a close working relationship with HR Advisors in various countries, senior leadership in Business Areas and colleagues in Finance and Payroll
• Work towards standardization and further improvements of the processes
• Stay updated on market trends in compensation and benefits, applicable country legislation and evolving business needs
• Establish and maintain professional partnerships with internal and external stakeholders
• Work on improvement and digitalization initiatives
• Support the Payroll Team during payroll process activities (if needed)

• Flexible work arrangements for better work-life balance
• Generous Paid Leaves (Annual, Sick, Compassionate, Local Public, Marriage, Maternity, Paternity, Medical leave)
• Medical benefits ( Insurance and Annual Health Check-up)
• Pension and Insurance Policies (Group Term Life Insurance, Group Personal Accident Insurance, Travel Insurance)
• Training and Development Assistance (Training Sponsorship, On-The-Job Training, Training Programme)
• Additional Benefits (Long Service Awards, Mobile Phone Reimbursement)
• Company bonus/Profit share.

*Benefits may vary based on position, tenure/contract/grade level*

• To be passionate about compensation & benefits and be customer centric minded
• bachelors or masters degree required in related field (Human Resources or Finance related academic credentials preferred)
• Minimum 5-7 years of multi-country experience in working within the Compensation & Benefits practice
• Experience from shared services or international organization will be an advantage
• Excellent written and oral communication in English is required, other languages will be an advantage.