Compensation and Benefits will oversee the strategic development and implementation of compensation and benefits programs within company. This role requires a seasoned HR qualified with extensive experience in compensation analysis, benefits administration, and regulatory compliance. The incumbent will be responsible for ensuring that our compensation and perks strategies are aligned with organizational objectives and industry standards.
Key Responsibilities:
Roles, Responsibilities | Projects
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Develop and implement compensation and benefits strategies that attract and retain top talent.
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Conduct regular benchmarking studies to evaluate the competitiveness of our compensation packages.
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Oversee the administration of employee perks programs, including health insurance, retirement plans, and wellness initiatives.
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Ensure compliance with relevant laws and regulations governing compensation and benefits.
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Analyze data and trends to provide recommendations for adjustments to salary structures and bonus programs.
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Collaborate with senior management to align compensation and benefits programs with organizational goals.
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Manage relationships with external vendors and consultants to optimize benefits offerings and cost- effectiveness.
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Provide guidance and support to HR team members on matters related to compensation and benefits.
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Annual Increment Cycle – End to End planning and execution – analyzing rating distributions & proposals, grid designing, budget alignment, board signoff & letter generation.
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Executive Compensation with LTIP pay-outs
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Job Evaluation and Compensation & Benefits Benchmarking
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PMS – Enabling better performance differentiation across organization and ensuring more objectivity in performance discussions/evaluations, ensuring timely closure of quarterly, half yearly and annual reviews.