Nextracker - Compensation Specialist

Description:

Compensation specialist (APAC& Middle East) plays a pivotal role in designing and implementing competitive, equitable compensation programs that attract, retain, and motivate top talent globally.

As a strategic partner to HR and business leaders, you will provide expert guidance on all aspects of compensation.

This role will report to the Global Head of Total Rewards.

If you're a resourceful, analytical, and adaptable leader who thrives in a fast-paced, growth-oriented environment, this role is for you.

Key Responsibilities:

- Collaborate and implement compensation programs, policies, and procedures across APAC and Middle East, ensuring all programs comply with statutory regulations.

- Designing and maintaining job evaluation, grading systems, and salary structures.

- Manage annual compensation cycle planning and execution, including budget allocation, merit increases, bonus planning, communication, roll-out and change management.

- Serve as the primary point of contact for all stock-related inquiries locally.

- Participate in global compensation surveys and analyze resulting data to determine the competitive position for individual jobs.

- Research and develop salary ranges for different job families and countries where Nextracker operates.

- Review existing benefits policy and design to ensure they are market relevant and develop new policies as needed.

- Monitor utilization of benefits and prevent cost escalation.

- Partners with talent acquisition, HRBPs, business leaders, and managers to train them on Nextracker rewards philosophy and programs, helping them make informed compensation decisions.

- Partner with cross-functional teams on payroll deliverables, including counter-approval as required.

- Keep abreast of emerging trends and best practices and look for opportunities to incorporate them into the Nextracker Compensation programs.

- Analyzing compensation data and preparing reports for leadership.

- Ensuring data integrity in HR systems and optimizing operational efficiencies.

- Advising on job leveling, market pricing, and incentive plan design.

- Monitoring industry trends to enhance compensation strategies.

Job location is in India, Hyderabad.

Qualifications & Experience:

- 10 years of progressive experience in compensation, including global programs.

- Expertise in job architecture, market pricing, salary structures, and equity programs.

- Experience with HRIS systems (e.g., Workday) and compensation analytics tools.

- Strong proficiency in Excel, Google Sheets, and data visualization.

- Analytical problem-solving skills with the ability to translate data into actionable insights.

- Exceptional project management and organizational skills.

- Strong communication skills.

- Bachelors degree in human resources, Business, Finance, or a related field.

Preferred Qualifications:

- Knowledge of Equity Administration.

- Experience working within a high growth, technology company.

- Exposure to Executive Compensation.