TRYST is IIT Bombay's translational research Foundation - Turning lab stage science into deployable technology with industry, government and startups.

As TRYST scales up, we are looking for an experienced Rewards, Performance & Analytics Manager to design, implement, and manage compensation structures, benefits programs, and reward frameworks across a diverse workforce — spanning researchers, technology transfer specialists, business development staff, and corporate functions. The ideal candidate will bring deep expertise in pay strategy, market benchmarking, and benefits administration, including familiarity with startup/deep-tech compensation practices, ensuring TRYST remains competitive in attracting and retaining top talent.

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Key Responsibilities

· Design and manage the overall compensation structure, including salary bands, pay grades, and incentive/bonus programs.

· Conduct regular market benchmarking and salary surveys to ensure competitive positioning.

· Develop, implement, and administer employee benefits programs (health insurance, retirement plans, leave policies, wellness programs, etc.).

· Partner with leadership and HR teams to design performance-linked pay and variable compensation plans.

· Ensure compliance with statutory and regulatory requirements related to compensation and perks (labor laws, tax regulations, etc.).

· Analyze compensation data and trends to provide recommendations on pay equity, budget planning, and cost optimization.

· Manage annual compensation review cycles, including salary increments, promotions, and bonus payouts.

· Lead job evaluation and grading exercises to maintain internal equity across roles,



including differentiated pay structures for research/scientific staff, technology transfer roles, and corporate/business functions.

· Design and administer equity/ESOP frameworks where applicable, in line with startup and early-stage company norms.

· Collaborate with finance and leadership teams on budgeting for compensation and benefits costs.

· Manage relationships with external vendors (insurance providers, benefits administrators, compensation consultants).

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Required Qualifications & Experience

· MBA — HR or related specialization preferred.

· Minimum 10+ years of relevant experience in Compensation & Benefits, Total Rewards, or HR Generalist roles with a strong C&B; focus.

· Proven experience in designing and managing compensation structures and benefits programs.

· Strong analytical skills with hands-on experience in compensation benchmarking tools/surveys.

· Sound knowledge of statutory compliance related to payroll, benefits, and labor laws.

· Excellent proficiency in Excel/data analysis; familiarity with HRIS and compensation management systems.

· Strong stakeholder management, communication, and negotiation skills.

· High degree of discretion and ability to handle confidential information.

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Preferred Skills

· Experience working with large-scale events or fast-paced project environments.

· Certification in Compensation & Benefits (e.g., CCP, GRP) is a plus.

· Experience with global/market benchmarking platforms

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What We Offer

· Opportunity to work with one of India's premier institutions on a large-scale, high-visibility event.

· Collaborative and dynamic work environment.

📌 Manager - Rewards, Performance & Analytics (Mumbai)
🏢 TRYST IIT Bombay
📍 Mumbai