Compensation and Benefits Specialist

3 days ago


Hyderabad, India Shabakkat KSA (Member of IPT PowerTech Group) Full time

Job Description:


We are looking for an experienced Compensation and Benefits Specialist with expertise in designing salary grading structures, managing payroll, and developing benefits programs. This role will play a critical part in establishing a comprehensive compensation framework from the ground up, ensuring fairness, competitiveness, and compliance with all legal requirements.


Key Responsibilities:

• Salary Structure Design: Develop and implement a salary grading system that aligns with our business objectives and market standards.

• Compensation Benchmarking: Conduct market research to establish competitive pay scales for various roles, ensuring we attract and retain top talent.

• Payroll Oversight: Manage payroll processes end-to-end, including income calculations, deductions, bonuses, and regulatory compliance.

• Job Grading Framework: Create a standardized job grading structure to support career progression and maintain internal equity.

• Incentive Programs: Design and implement performance-based incentive and bonus plans that align with company goals.

• Benefits Program Management: Establish and manage employee benefits, such as health insurance, retirement plans, and wellness initiatives.

• Compliance and Audit: Ensure all compensation and benefits practices adhere to local and federal regulations and conduct regular audits for accuracy.

• Data Analysis and Reporting: Prepare reports on compensation trends, employee costs, and benefits utilization to inform management decisions.

• Budget Collaboration: Work with Finance to forecast compensation and benefits costs, ensuring alignment with budget constraints.


Qualifications:

• 5+ years of experience in compensation, benefits, or payroll management.

• Strong understanding of payroll systems, tax regulations, and benefits administration.

• Experience with compensation benchmarking and job grading.

• Bachelor’s degree in HR, Finance, or related field; relevant certifications are a plus.

  • #Hiring #Compensation #HR #PointFactorMethod #SalaryStructure #BenefitsAdministration #Opportunity #HRJobs #Hyd


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