Responsibilities

Key Responsibilities

As a Senior Consultant – Compensation & Benefits, your role will be pivotal in supporting the development, administration, analysis, and governance of our compensation and benefits programs. You will contribute to strategic Total Rewards initiatives and collaborate with HR Business Partners, Talent Acquisition, Finance, and business leaders to drive market competitiveness, pay equity, employee experience, and operational excellence.

Compensation Benchmarking & Market Pricing

• Conduct external compensation, benchmarking and market pricing for jobs across business functions.
• Analyze market trends, salary surveys, and compensation data to provide recommendations.
• Support development and maintenance of salary structures, ranges, and compensation frameworks.
• Maintain market competitiveness while balancing internal equity and pay governance.

Annual Compensation Review Processes

• Lead operational execution of annual merit increase, bonus, and salary review cycles.
• Coordinate planning, testing, communication, governance,



and reporting activities.
• Provide compensation modelling, cost analysis, and budget tracking support.
• Partner with HR collaborators to ensure smooth implementation and adherence to compensation guidelines.

Mid-Year Promotion Process

• Manage compensation reviews associated with promotions and role changes.
• Evaluate internal fairness and market positioning for suggested promotional salary adjustments.
• Maintain governance and approval processes for compensation decisions.

Job Architecture & Job Evaluation

• Support job evaluation and levelling activities using established methodologies.
• Ensure consistency of job architecture across functions and locations.
• Maintain job descriptions, career frameworks, and position classifications.
• Partner with HR and business leaders on organizational build and role evaluation activities.

Advantages Analysis & Governance

• Analyze benefits utilization, co

📌 Senior Consultant (Pune)
🏢 Principal Financial Group
📍 Pune