• Role Summary
The Compensation, Variable Pay & Benefits Lead (Manager – C2) manages and executes the compensation strategy, variable pay programs, and employee benefits framework for the organization. The role ensures competitive, compliant, and data driven compensation practices, partnering with HR and business leaders to enable fair pay decisions, employee engagement, and cost effective reward structures.
• Key Responsibilities
• Compensation Management
Lead annual compensation planning (merit, market adjustments, promotions).
Benchmark roles and conduct pay analysis to ensure internal equity and market competitiveness.
Manage salary structures, pay ranges, and job evaluations.
Provide compensation recommendations for hiring, transfers, and retention cases.
Analyze compensation trends and prepare insights for leadership.
• Variable Pay & Incentive Programs
Own the design, administration, and governance of variable pay, bonus, and incentive plans.
Manage annual and quarterly incentive calculations, payouts, and audits.
Coordinate with Finance, HRBPs,
and business units for performance metrics and eligibility.
Ensure transparency and alignment of incentive programs with organizational goals.
• Perks Administration
Manage employee benefits programs including insurance, leaves, wellness programs, retirement benefits, etc.
Evaluate benefit offerings for competitiveness and cost effectiveness.
Drive vendor management, renewals, negotiation, and SLA adherence.
Ensure employee queries are resolved and benefit policies are well communicated.
• Governance, Policies & Compliance
Maintain compensation and benefits policies aligned with statutory requirements (PF, gratuity, ESIC, etc.).
Ensure strong governance, documentation, and audit readiness for all pay and benefits processes.
Drive process improvements and standardization across compensation and benefit operations.
• Reporting, Analysis & Insights
Create dashboards and reports on compensation t
📌 SAP SF Compensation and variable pay (Chennai)
🏢 Neev
📍 Chennai