A Compensation Consultant in Omam Consultants typically helps clients to design, analyze, and manage fair reward/ compensation &
benefits programs that ensures attraction & retention of talent.
Core Responsibilities
- Market Benchmarking: Analyze market/ industry data to help clients compare their pay ranges against competition.
- Structure Design: Build base salary & other components of compensation structure as per the New Wage Code and bonus/ performance pay frameworks, and total reward strategies that match clients goal.
- Pay Gap Analysis: Review client compensation data to arrive-at “Situational Analysis” and fix compensation gaps and internal inequities across benchmark organizations through corrections & compa-ratio.
- Job Matching/ Equivalence:
Assess job roles and responsibilities to assign appropriate classifications & arrive-at equivalence.
- Legal Compliance: Ensure that client compensation models adhere to the law of the land and emerging practices
Key Skills Required
- Data Analytics: Strong ability to deal with complex data and use various tools.
- Strategic Communication: Present complex compensation strategies clearly to client and internal teams.
Industry Knowledge: Deep understanding of white collared and blue collared compensation and advantages
📌 Compensation Consultant (New Delhi)
🏢 Omam Consultants
📍 New Delhi
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