Compensation/Benefits Analyst 3

The group you’ll be a part of

We are seeking a seasoned Compensation and Benefits professional to join Lam’s global Total Rewards (TR) Center of Excellence (COE) team

The impact you’ll make

The role will support a broad range of areas, including: consulting, analysis, program design, and process improvement. The Compensation and Benefits Analyst will play a role in the program support of our regional compensation, benefits, performance management, recognition, and well-being programs. This is a full-time, on-site flex position located in India, and reporting directly to Total Rewards Senior Manager.

What you’ll do

• Serves as a compensation and benefit analyst supporting global and regional compensation and benefits programs.
• Partners with HRBPs and HR Shared Services on benefit programs management inclusive of insured and self-insured benefits.
• Conducts comprehensive compensation and benefits audits to ensure adherence to policies and regulatory compliance, and to optimize processes.
• Manages third-party benefit administrator, evaluating vendor performance, and optimizing processes for compliance and efficiency.
• Performs data analysis using internal and external data to identify gaps, trends and meaningful insights to support decision making.
• May support other TR programs and initiative as and when needed.
• Plans, leads, and manages annual benefit programs in partnership with HR Shared Services.
• Coordinates annual benefits renewal activities with regional benefit vendors, providing data and information support, conducting contract reviews, arranging employee communications, and facilitating payment and billing processes.
• Manages ongoing benefits vendor/external service providers relations to ensure timely and satisfactory service delivery levels and standards.
• Assists in the planning, development and redesign of company benefit programs, while also analyzing the associated cost of benefits.
• Participates in major surveys and conducts analysis of market data to inform decision-making regarding compensation and benefits strategies.

• Conducts data audits within the HR system on Compensation and Benefits related items, identifying gaps, recommends changes and ensuring compliance with policies and practices.
• Stay updated on industry trends, regulations, and best practices related to compensation and benefits program design.
• Assists the Total Rewards Senior Manager in implementing educational initiatives, managing change, and facilitating the adoption of new or revised benefits programs.

Who we’re looking for

• Bachelor’s degree in Business, HR or a related field with a minimum of 5 years’ relevant experience in the Compensation & Benefit function.
• Compensation and benefits knowledge with demonstrated progressive responsibilities, preferably in the high technology and/or manufacturing industry within global companies.
• Demonstrated English language verbal and written communication skills required.
• Proficient with desktop software, including Microsoft Word, PowerPoint, and Excel; demonstrated ability to effectively utilize HR Information Systems; experience with SuccessFactors and/or Workhuman a plus.
• Excellent customer service skills and strong work ethic; ability to interface effectively with employees across cultures.
• Demonstrated attention to detail; ability to translate analyses into concise and clear management reports/presentations.
• A passion for accuracy and problem solving, with a sense of urgency.

Preferred qualifications

• Change Agent – promotes the value of the transformation that is being undertaken by the organization and guides and supports others through the transformation
• Negotiator – can reach appropriate resolution in many varied situations without damaging internal or external relationships
• Adaptor – thrives in a fast-paced and dynamic environment and can effectively adapt to changing priorities
• Business Astute – understands and can react to the people-dynamics inherent in organization structures
• Business Awareness – understands current and possible future business trends and information
• Skilled in Presenting – can effectively communicate in large or small group settings
• Skilled in Writing – can effectively write so needed messages are clear and understood

Our commitment

We believe it is important for every person to feel valued, included, and empowered to achieve their full potential. By bringing unique individuals and viewpoints together, we achieve extraordinary results.

Lam Research ("Lam" or the "Company") is an equal opportunity employer. Lam is committed to and reaffirms support of equal opportunity in employment and non-discrimination in employment policies, practices and procedures on the basis of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex (including pregnancy, childbirth and related medical conditions), gender, gender identity, gender expression, age, sexual orientation, or military and veteran status or any other category protected by applicable federal, state, or local laws. It is the Company's intention to comply with all applicable laws and regulations. Company policy prohibits unlawful discrimination against applicants or employees.

Lam offers a variety of work location models based on the needs of each role. Our hybrid roles combine the benefits of on-site collaboration with colleagues and the flexibility to work remotely and fall into two categories – On-site Flex and Virtual Flex. ‘On-site Flex’ you’ll work 3+ days per week on-site at a Lam or customer/supplier location, with the opportunity to work remotely for the balance of the week. ‘Virtual Flex’ you’ll work 1-2 days per week on-site at a Lam or customer/supplier location, and remotely the rest of the time.