Senior Manager

1 month ago

Hyderabad, India iimjobs Full time

Senior Manager - Compensation & Benefits


The Senior Manager - Compensation & Benefits will be required to develop, coordinate and implement effective strategies, procedures and programs related to compensation and benefits during consulting assignment for the clients. Support set-up and scaling of new GCCs.

The incumbent will be on the payroll of a Global Consulting firm and deputed at their client's location (Fortune 500 Healthcare MNC)

Key Responsibilities:

Work with the People, Organization and Culture leadership team to deliver high quality, effective Compensation and Benefits solutions tailored for the clients with focus on the following areas:

- C&B design, including pay ranges, pay structuring, pay mix, and benefits design

- Play an integral role in delivering the annual pay review and bonus processes for the clients.

- Align with statutory compliance; be aware of market practices and developments.

- Compensation and Benefits market benchmarking, trends, and advisory

- Job evaluation and levelling.

- Annual C&B cycle budgeting, management, and execution

- Present solutions and recommendations in a structured and articulate manner to client or internal teams

- Conduct due diligence for renewals and trends for Insurance and employee wellness programs for the clients.

- Coordinate with HR operations to implement the programs in consultation with the HR business partner.

- Liaise with Benefits Partners/ vendors and work with other functions such as HR operations and finance to execute Benefits Programs for the clients.

- Provide CoE consulting advice to established clients, design and implement specific rewards-related projects. Manage C&B Project Modules under guidance of C&B/POC leadership.

Experience and Requirements:

Required Experience and Skills:

- 6 to 8 years of experience in a compensation role. A mix of consulting and field C&B is preferred.

- All-round understanding of Total Rewards design principles and their application, along with associated business acumen.

- Familiarity with one or more of the leading Job Evaluation frameworks.

- Experience in conducting annual compensation cycles.

- Experience in engaging with and onboarding benefits vendors.

- High level of Proficiency in MS Office, particularly in MS Excel.

- Strong communication skills and ability to present complex data and insights.

Preferred experience and Skills:

- Proficiency in data visualization tools such as Power BI.

- University degree in HR with a Masters/MBA strongly preferred.

- Relevant certifications from widely recognized professional bodies.

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