Principal Compensation Analyst

Syneos Health; Hyderabad; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Syneos Health is seeking a Principal Compensation Analyst in Hyderabad to lead market benchmarking and data-driven salary recommendations. You will source data from external surveys, analyze trends, and develop reports that influence compensation strategy across the company.

Key responsibilities include maintaining salary ranges aligned with market data, managing survey partnerships, and exploring AI-enabled benchmarking to improve efficiency and insight for senior HR leaders.

Qualifications

• BA/BS degree in Human Resources, Business, Finance, or related field.
• Advanced proficiency in Microsoft Excel and data analysis tools.
• Experience with compensation survey platforms.
• Experience with Payfactors is a plus.
• Strong understanding of compensation principles and best practices.
• Ability to interpret complex data and translate insights into actionable recommendations.
• Knowledge of industry trends and competitive landscape.
• Excellent written and verbal communication skills to present findings to senior management and HR stakeholders.
• Ability to collaborate effectively with cross-functional teams.

Responsibilities

• Conduct comprehensive market research using external salary surveys to gather data on competitor compensation practices for various job roles.
• Analyze market trends and identify industry benchmarks to assess company competitiveness.
• Conduct ad-hoc market analysis to support specific compensation initiatives.
• Clean, manipulate, and analyze large datasets from multiple sources to generate actionable insights aligned to business strategy.
• Develop detailed reports and presentations showcasing compensation trends, market positioning, and recommendations for salary adjustments.
• Maintain salary ranges based on market data in alignment with company strategy.
• Annually review survey participation and budget and make recommendations for changes.
• Manage the annual survey matching process. Own the relationship with our survey providers. Maintain and enhance our market database.
• Explore new ways of working leveraging AI in benchmarking.

Skills

Excel

Data analysis

Communication

Cross-functional collaboration

Presentation

Education

BA/BS in HR or related field

Tools

Payfactors

Job description

Description

Principal Compensation Analyst

Job Responsibilities

• Conduct comprehensive market research using external salary surveys (e.g., Mercer, Radford) to gather data on competitor compensation practices for various job roles.

• Analyze market trends and identify industry benchmarks to assess company competitiveness.

• Conduct ad-hoc market analysis to support specific compensation initiatives.

• Clean, manipulate, and analyze large datasets from multiple sources to generate actionable insights aligned to business strategy.

• Develop detailed reports and presentations showcasing compensation trends, market positioning, and recommendations for salary adjustments.

• Maintain salary ranges based on market data in alignment with company strategy.

• Annually review survey participation and budget and make recommendations for changes.

• Manage the annual survey matching process. Own the relationship with our survey providers. Maintain and enhance our market database.

• Explore new ways of working leveraging AI in benchmarking.

QUALIFICATION REQUIREMENTS

• BA/BS degree in Human Resources, Business, Finance, or related field
• Advanced proficiency in Microsoft Excel and data analysis tools
• Experience with compensation survey platforms
• Experience with Payfactors is a plus
• Strong understanding of compensation principles and best practices
• Ability to interpret complex data and translate insights into actionable recommendations
• Knowledge of industry trends and competitive landscape
• Excellent written and verbal communication skills to effectively present findings to senior management and HR stakeholders
• Ability to collaborate effectively with cross-functional teams