Job Opportunities in Romania
July 24, 2024
Endava
Iasi
OTHER
Compensation Consultant
Company Description
Technology is our how. And people are our why. For over two decades, we have been harnessing technology to drive meaningful change.
By combining world-class engineering, industry expertise and a people-centric mindset, we consult and partner with leading brands from various industries to create dynamic platforms and intelligent digital experiences that drive innovation and transform businesses.
From prototype to real-world impact - be part of a global shift by doing work that matters.
Job Description
Our People team play a pivotal role in driving organizational success and growth. They focus on talent acquisition, onboarding, retention, compensation, benefits, administration, and analytics, while implementing effective practices and policies. Additionally, they enhance employer branding and internal communication initiatives. By deeply engaging in business partnering, People team works closely with other departments and management to align HR strategies with the company's business goals.
As a Compensation Consultant at Endava you will support the development and implementation of Endava's global compensation strategies. Working alongside a team of analysts, this role is pivotal in ensuring that compensation frameworks are competitive, equitable, and aligned with Endava’s core values, pay philosophy, and global regulations. The analyst will work closely with regional teams to support decentralized compensation management within a global governance framework.
Responsibilities:
Data Analysis and Benchmarking:
Qualifications
Additional Information
Discover some of the global benefits that empower our people to become the best version of themselves:
Technology is our how. And people are our why. For over two decades, we have been harnessing technology to drive meaningful change.
By combining world-class engineering, industry expertise and a people-centric mindset, we consult and partner with leading brands from various industries to create dynamic platforms and intelligent digital experiences that drive innovation and transform businesses.
From prototype to real-world impact - be part of a global shift by doing work that matters.
Job Description
Our People team play a pivotal role in driving organizational success and growth. They focus on talent acquisition, onboarding, retention, compensation, benefits, administration, and analytics, while implementing effective practices and policies. Additionally, they enhance employer branding and internal communication initiatives. By deeply engaging in business partnering, People team works closely with other departments and management to align HR strategies with the company's business goals.
As a Compensation Consultant at Endava you will support the development and implementation of Endava's global compensation strategies. Working alongside a team of analysts, this role is pivotal in ensuring that compensation frameworks are competitive, equitable, and aligned with Endava’s core values, pay philosophy, and global regulations. The analyst will work closely with regional teams to support decentralized compensation management within a global governance framework.
Responsibilities:
Data Analysis and Benchmarking:
- Lead comprehensive market analysis and benchmarking initiatives, providing strategic insights to inform compensation policies and practices.
- Provide data-driven recommendations for adjustments to ensure competitiveness and alignment with strategic priorities.
- Develop and maintain strong relationships with external benchmarking organizations to stay abreast of market trends and best practices.
- Develop advanced analytical models and provide in-depth analyses on compensation and benefits elements, driving data-driven decision-making.
- Working in collaboration with People Insights colleagues, Lead the design, development, and continuous improvement of comprehensive Reports and Dashboards for Executive members and other key stakeholders, ensuring data accuracy and actionable insights.
- Assist in the design, development, and maintenance of compensation structures and incentive plans, implementing best practices to ensure pay determination strategies meet the highest standards of fairness and consistency.
- Ensure these programs are equitable, cost-effective, and aligned with the Company vision and pay philosophy.
- Oversee the entire Salary and Grades Review process and Bonus Scheme, ensuring these processes are effectively implemented across all business units.
- Manage complex data checks and analysis related to annual performance bonus schemes, identifying trends and areas for improvement.
- Oversee the management and optimization of all compensation plans (salary, step increases, grades) across multiple regions and business units.
- Ensure the highest levels of data accuracy and integrity during the transfer, upload, and validation of data at the end of the review cycle in HCM.
- Lead the integration of new businesses from a compensation perspective, ensuring smooth transitions and alignment with Endava's systems and processes.
- Support the implementation of global compensation policies and programs.
- Oversee and ensure SOX controls related to Compensation processes are designed, implemented, and performed in accordance with the highest standards.
- Conduct regular audits and reviews to ensure compliance with SOX requirements and internal control standards.
- Oversee the creation and maintenance of detailed process documentation, guidelines, and practices, ensuring they are up-to-date and accessible.
- Collaborate with regional People teams to align local compensation programs with global guidelines.
- Work with People Partners, Talent Acquisition, Finance, and other stakeholders to support compensation initiatives.
- Assist in managing the global compensation budget in collaboration with the finance team.
- Ensure budget alignment with financial goals and constraints.
- Develop and deliver training programs to educate new partners and internal teams on compensation plans, systems, and best practices, working with internal specialists to ensure clarity and consistency in messaging.
- Develop and implement communication strategies to effectively inform employees about compensation programs.
- Champion the adoption of new technologies and tools to enhance the effectiveness of compensation and benefits programs.
Qualifications
- BA in Economics/Business/Technology/Social Sciences/Psychology (Master preferred)
- 6+ years related experience.
- Experience in running compensation cycles, and other compensation and benefits initiatives.
- Knowledge of and experience in applying best practice reward frameworks to shape fair, consistent and transparent pay practices.
- Experience of gender pay gap reporting across a variety of jurisdictions preferred
- Demonstrated experience working with an HRMS software (Oracle Modules experience would be preferred).
- Knowledge of IT job functions.
- Strong analytical and quantitative skills, project management and organizational skills.
- Capable of interpreting data, preparing reports and presentations, as well as transforming data and performing accuracy checks.
- Excellent influencing and negotiation skills – ability to work with others towards an agreement, negotiates to find mutually acceptable solutions.
- Process improvement and change management mindset.
- Capable to perform root-cause analysis, identify solutions to problems, and be able to escalate and resolve issues efficiently and effectively without guidance.
- Interpersonal and relationship-building skills in order to work with other departments in a multi-cultural environment.
- Written and verbal communication skills, with ability to communicate across multiple levels.
- Good judgement and reasoning abilities.
- Proficient use of English (verbal and written).
- Proficient use of Microsoft Office tools, especially advanced Excel.
- Ability to travel as required.
Additional Information
Discover some of the global benefits that empower our people to become the best version of themselves:
- Finance: Competitive salary package, share plan, company performance bonuses, value-based recognition awards, referral bonus;
- Career Development: Career coaching, global career opportunities, non-linear career paths, internal development programmes for management and technical leadership;
- Learning Opportunities: Complex projects, rotations, internal tech communities, training, certifications, coaching, online learning platforms subscriptions, pass-it-on sessions, workshops, conferences;
- Work-Life Balance: Hybrid work and flexible working hours, employee assistance programme;
- Health: Global internal wellbeing programme, access to wellbeing apps;
- Community: Global internal tech communities, hobby clubs and interest groups, inclusion and diversity programmes, events and celebrations.
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