Compensation & Benefits Analyst 3

1 week ago

Batu Kawan, Malaysia Lam Research Full time

**The Group You’ll Be A Part Of**

The Global Human Resources Group operates on the understanding that our people are our most valuable assets. They think globally to optimize our workforce, integrate our Core Values into everything we do, and deliver the HR solutions to enhance the employee experience and enable future growth.

**The Impact You’ll Make**

**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.
- 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.
- Utilize statistical methods and data visualization techniques to interpret compensation trends and patterns.
- Stay updated on industry trends, regulations, and best practices related to compensation and benefits program design.
- Assists the Total Rewards 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.

**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 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._

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