Head of Compensation Benefits (Pune)

Head of Compensation Benefits (Pune)

02 Aug
|
Emcure Pharmaceuticals
|
Pune

02 Aug

Emcure Pharmaceuticals

Pune

Role : Head - Compensation & Benefits (Domestic & International)

Location – Pune India

Reporting To – HR and Corporate Strategy & Development

Role Purpose

Lead the design, implementation, governance, and administration of Compensation & Benefits programs across domestic and international markets. The role will ensure competitive, compliant, and performance-driven reward frameworks that support business growth, talent attraction, retention, and employee engagement.

Key Responsibilities

Compensation Strategy

- Design and manage compensation structures, salary bands, grading frameworks, and reward policies.
- Lead annual compensation review, merit increase, promotion, and bonus cycles.
- Conduct market benchmarking and compensation surveys to maintain external competitiveness.
- Drive pay equity, internal parity, and governance across organizations.

International Compensation & Mobility

- Develop and administer compensation structures for international locations and global employees.
- Manage expatriate compensation, international assignments, localization, and mobility policies.
- Evaluate tax implications, social security requirements, and cost-of-living adjustments across countries.
- Partner with global HR teams to ensure compliance with local labor and compensation regulations.

Benefits Management

- Design and optimize employee benefits programs including insurance, retirement plans, wellness, and flexible benefits.
- Negotiate and manage relationships with external benefit providers and consultants.
- Drive benefits harmonization while ensuring local market relevance.

Incentive & Variable Pay

- Design short-term and long-term incentive programs.
- Manage sales incentive plans, executive compensation, retention bonuses, and recognition programs.
- Monitor effectiveness and ROI of reward programs.





**Governance & Compliance**
- Ensure adherence to statutory, tax, labor law, and regulatory requirements across domestic and international operations.
- Establish compensation governance, policies, approval matrices, and audit controls.
- Support internal and external audits related to payroll and rewards.

HR Analytics & Reporting

- Develop compensation dashboards and reward analytics.
- Provide insights on compensation costs, workforce planning, attrition, and reward effectiveness.
- Support budgeting, forecasting, and manpower planning exercises.
- Stakeholder Management
- Partner with HR Business Partners, Finance, Payroll, and Business Leaders.
- Advise leadership on compensation decisions, executive hiring, and retention strategies.
- Act as a subject matter expert on rewards and benefits.

Desired Profile

Education

- MBA / PGDM in HR, Finance, or related discipline.
- Certification in Compensation & Perks, Global Mobility, or Total Rewards preferred.

Experience

- 15+ years of experience in Compensation & Benefits / Total Rewards.
- Strong exposure to both domestic and international compensation practices.
- Experience in multinational organizations preferred.
- Prior experience in global mobility and expatriate compensation management.

Key Competencies
- Compensation Benchmarking
- Global Mobility & Expatriate Management
- Job Evaluation & Grading
- Variable Pay Design
- Benefits Administration
- Rewards Analytics
- Budgeting & Forecasting
- HRIS & Advanced Excel
- Compliance & Governance
- Stakeholder Management
- Success Measures
- Competitive and compliant compensation framework.
- Improved reward effectiveness and employee retention.
- Successful execution of annual compensation cycles.
- Strong governance and audit compliance.
- Seamless management of international compensation and mobility programs.

📌 Head of Compensation Benefits (Pune)
🏢 Emcure Pharmaceuticals
📍 Pune

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