About the Role

As the Compensation, Variable Pay & Benefits Lead, you will own the compensation strategy, variable pay programs and employee benefits framework. You will make sure pay practices are competitive, compliant and data-driven. You will work with HR and business leaders to enable fair pay decisions, employee engagement and cost-effective rewards.

Key Responsibilities

Compensation Management
Lead annual compensation planning, including merit, market adjustments and promotions.
Benchmark roles and run pay analysis to ensure internal equity and market competitiveness.
Manage salary structures, pay ranges and job evaluations.
Recommend pay for hiring, transfers and retention cases.
Analyze compensation trends and share insights with 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.
Work with Finance, HRBPs and business units on performance metrics and eligibility.
Keep incentive programs transparent and aligned with organizational goals.

Benefits Administration
Manage perks programs such as insurance, leaves,



wellness and retirement benefits.
Evaluate perk offerings for competitiveness and cost-effectiveness.
Drive vendor management, renewals, negotiations and SLA adherence.
Resolve employee queries and communicate benefit policies clearly.

Governance, Policies & Compliance
Maintain C&B; policies aligned with statutory requirements (PF, gratuity, ESIC and others).
Ensure solid governance, documentation and audit readiness for all pay and benefits processes.
Drive process improvements and standardization.

Reporting, Analysis & Insights
Build dashboards and reports on compensation trends, cost impact, payout summaries and headcount metrics.
Provide modeling and scenario analysis for leadership decisions.
Support budgeting and cost projections for compensation, variable pay and benefits.

Stakeholder Management
Partner with HR Business Partners, Talent Acquisition, Finance and leadership on compensation decisions.
Lead communication for reward cycles, advantages changes and policy updates.
Act as the subject matter expert on compensation and benefits.

📌 Compensation And Benifit Manager Mumbai
🏢 VISTATEQ VIRTUOSITY INDIA PRIVATE
📍 Mumbai