Principal Compensation Analyst

Updated: Today

Location: Madhapur, TS, India

Job ID: 25110184

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Description

Principal Compensation Analyst

Syneos Health® is a leading fully-integrated life sciences services organization built to accelerate customer success. We partner with innovators at every point across the drug development and commercialization continuum, helping them navigate complexity, anticipate change and accelerate progress.

Every day we perform better because of how we work together, as one team, each the best at what we do. We bring together talented experts across a broad spectrum of business critical corporate functions. Every role plays an essential part in enabling our customers to achieve their goals. Our teams are agile, collaborative, and committed to delivering - for each other, for our customers, and ultimately for the people who rely on the services we support.

Discover what your 25,000 future colleagues already know:

Why Syneos Health

We are passionate about developing our people, through career development and progression; supportive and engaged line management; technical and therapeutic area training; peer recognition and total rewards program.

We are committed to building an inclusive culture – where you can authentically be yourself. Central to this is our purpose – Driven to Deliver – which captures the passion of our colleagues to show up each day and shape solutions that have the ability to dramatically impact someone’s life.

We are continuously building the company we all want to work for and our customers want to work with. Why? Because we know that when we bring together smart colleagues from across the world, we can shape the future of healthcare, driving impact for customers and defining the pace of patient progress.

Job Responsibilities

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

Get to know Syneos Health

Over the past 5 years, we have worked with 94% of all Novel FDA Approved Drugs, 95% of EMA Authorized Products and over 200 Studies across 73,000 Sites and 675,000+ Trial patients.

No matter what your role is, you’ll take the initiative and challenge the status quo with us in a highly competitive and ever-changing environment. Learn more about Syneos Health.

Additional Information

Tasks, duties, and responsibilities as listed in this job description are not exhaustive. The Company, at its sole discretion and with no prior notice, may assign other tasks, duties, and job responsibilities. Equivalent experience, skills, and/or education will also be considered so qualifications of incumbents may differ from those listed in the Job Description. The Company, at its sole discretion, will determine what constitutes as equivalent to the qualifications described above. Further, nothing contained herein should be construed to create an employment contract. Occasionally, required skills/experiences for jobs are expressed in brief terms. Any language contained herein is intended to fully comply with all obligations imposed by the legislation of each country in which it operates, including the implementation of the EU Equality Directive, in relation to the recruitment and employment of its employees. The Company is committed to compliance with the Americans with Disabilities Act, including the provision of reasonable accommodations, when appropriate, to assist employees or applicants to perform the essential functions of the job.

Summary

Employees in the Total Rewards job family are responsible for all processes and teams associated with work across both compensation and benefits including compensation design and management, benefits design and management, executive rewards design and management, reward plan evaluation and analysis, reward plan communication and vendor management. Impact and Contribution Individual contributors with responsibility in a professional or technical discipline or specialty, but may manage two or fewer employees. May direct the work of lower level professionals or manage processes and programs. The majority of time is spent contributing to the design, implementation or delivery of processes, programs, and policies, using knowledge and skills typically acquired through advanced education. Leading expert individual contributor who is viewed as a valuable resource by peers. Works to achieve organizational, functional, and/or business targets with measurable impact on department results. Manages or contributes to projects, programs, or processes that span multiple related areas. Comprehensive knowledge and skills in a professional discipline, understanding the impact of work on related areas.