This role is responsible for driving Compensation Benefits (CB) initiatives and supporting the implementation of CB topics aligned with business priorities, talent strategy, and governance requirements. The incumbent will work closely with the Head of Compensation Benefits, SEIL, to execute compensation programs, deliver analytics-driven insights, and ensure operational excellence across CB processes.
The role is based in Gurgaon.
Key Responsibilities
1. Compensation Strategy Execution:
- Support the design and implementation of compensation programs aligned with business needs and budget guidelines.
- Translate reward philosophy into actionable frameworks including increments, pay positioning etc.
- Drive end-to-end execution of compensation cycles (merit increases, performance pay).
2. Salary Benchmarking Market Intelligence:
- Conduct market benchmarking using survey data and external insights to ensure competitiveness.
- Analyze compensation trends and provide recommendations backed by data and insights.
- Maintain and update compensation databases with high accuracy and attention to detail.
3. Incentive Program Management:
- Support design, modeling, and rollout of variable pay and incentive programs.
- Simulate models in Excel to simulate scenarios, payouts, and business impact.
- Ensure accurate payout calculations.
4. Advantages Administration:
- Assist in administration and optimization of employee benefits programs, ensuring efficiency and employee relevance.
- Coordinate with vendors and internal stakeholders for seamless benefits delivery.
5. Governance, Compliance Controls:
- Ensure adherence to compensation governance frameworks, policies, and regulatory requirements.
- Support audits, documentation, and internal controls related to compensation and benefits.
6. Stakeholder Management Communication:
- Partner with Business Partners, finance, and business stakeholders to implement CB initiatives effectively.
- Develop clear and structured communic
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