Compensation Analyst, Global Consulting CoE

ABOUT GENERAL MILLS

We make food the world loves: 100 brands. In 100 countries. Across six continents. With iconic brands like Cheerios, Pillsbury, Betty Crocker, Nature Valley, and Häagen-Dazs, we’ve been serving up food the world loves for 155 years (and counting). Each of our brands has a unique story to tell.

How we make our food is as important as the food we make. Our values are baked into our legacy and continue to accelerate

us into the future as an innovative force for good. General Mills was founded in 1866 when Cadwallader Washburn boldly bought the largest flour mill west of the Mississippi. That pioneering spirit lives on today through our leadership team who upholds a vision of relentless innovation while being a force for good. For more details check out http://www.generalmills.com

General Mills India Center (GIC) is our global capability center in Mumbai that works as an extension of our global organization delivering business value, service excellence and growth, while standing for good for our planet and people.

With our team of 1800+ professionals, we deliver superior value across the areas of Supply chain (SC) , Digital & Technology (D&T) Innovation, Technology & Quality (ITQ), Consumer and Market Intelligence (CMI), Sales Strategy & Intelligence (SSI) , Global Shared Services (GSS) , Finance Shared Services (FSS) and Human Resources Shared Services (HRSS).For more details check out https://www.generalmills.co.in

We advocate for advancing equity and inclusion to create more equitable workplaces and a better tomorrow.

JOB OVERVIEW

Function Overview

Global Shared Services (GSS) enables General Mills to compete and win every day with a relentless focus on service excellence. Our Shared Services model leverages domain excellence to drive scaled cost-efficient delivery. We do that by delivering our services with a balance between cost and capability; increasing productivity through optimized processes and tools; and upholding company standards, policies, and practices. GSS touches virtually every aspect of the General Mills enterprise, including EmployeeServices, Business Services, Global Workforce Solutions, and Global Data Governance Services.

For more details about General Mills please visit this Link

Purpose of the role

This role provides comprehensive support to a Sr. Compensation Consultant within the Global CoE and requires strong analytical skills, a keen eye for detail, and the ability to manage multiple projects simultaneously, contributing to efficient and accurate compensation processes. The analyst will conduct job evaluations and data analysis within a compensation function.

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  Compensation Consultant Support: Provide day-to-day support to assigned compensation consultants, gathering data and creating outputs for regular routines (HR Business Partner update meetings, etc.) and annual processes (Annual Performance & Rewards (APR), Annual and Ad Hoc Competitive Reviews, People & Organization Review, etc.). Support or lead special projects as needed, contributing to business-led compensation initiatives and maintaining job architecture.
• Job Evaluations: Conduct job evaluations using established methodologies to determine the relative worth of different jobs within the organization. Manage the intake of job evaluation requests (via ServiceNow tickets) and ensure case closure and accurate system updates (MarketPay, etc.) following the evaluation process.
• Market Analysis: Conduct market analysis to ensure the company's compensation remains competitive. This includes identifying appropriate survey sources, collecting and analyzing data, and preparing reports summarizing findings.
• Data Analysis and Reporting: Analyze compensation data to identify trends, anomalies, and areas for improvement. Prepare regular reports and presentations summarizing compensation data and providing recommendations.
• Compensation Modeling: Develop and maintain compensation models to forecast compensation costs and analyze the impact of various compensation strategies.
• Compliance: Ensure compliance with all applicable federal, state, and local laws and regulations related to compensation.
• Project Management: Manage various compensation-related projects, such as implementing new compensation programs or updating existing ones.

Key Partners:

• Global Compensation Consultants
• International Total Rewards Consultant

Key Objectives:

• Provide comprehensive data analysis and draft final product decks/analysis to free up consultant capacity for strategic planning and business consultation.
• Ensure clear and consistent compensation analysis that supports business and talent strategies.
• Provide analysis for job evaluations and present findings to the compensation consultant for finalization.
• Ensure systems accurately reflect job evaluation outcomes (job profiles, MarketPay matching).
• Maintain clear job evaluation tracking and meet job evaluation Service Level Agreements (SLAs).