Compensation and Benefits Specialist

1 week ago

Hyderabad, Telangana, India Signiminds Technologies Inc Full time

We are looking for a Core Compensation & Benefits professional who owns Total Rewards end to end. Ideal background: degree from TISS or XLRI, experience in C&B consulting followed by inhouse rewards leadership. THIS IS NOT A HR / HR GENERALIST ROLE

Description:

Reporting to the Sr Director, Total Rewards & Strategy, the Compensation and Benefits Manager will develop and implement programs that enable the delivery of our growth goals. They will guide stakeholders across the business and People Team and develop creative solutions on a variety of total rewards topics. This role requires a strong understanding of Indian labour laws, market trends and best practices in compensation and benefits management.

Ideal candidates will have a proven history of influencing leadership with a combination of deep subject matter expertise, relationship-building abilities, and a passion for creating programs that contribute to growth at scale.

MUST HAVE SKILLS:

  • 10+ years' experience in compensation and benefits management, preferably in a multinational company in India.
  • Dedicated Total Rewards / Compensation & Benefits background (not generalist HR).
  • End-to-end C&B design + operations : salary structure design, grading/job evaluation, market benchmarking, pay policies, variable pay/bonus, equity programs, and benefits governance.
  • In-house experience as a Rewards/Compensation Specialist owning cycles (merit, promotions, bonus) and partnering with business/finance.
  • Strong analytics : build pay ranges, comp ratios, regression/market pricing, budgeting & scenario modeling; advanced Excel/Sheets; familiarity with HR analytics/BI.
  • Stakeholder management with senior leaders; policy drafting, governance, and documentation.
  • Core HR degree from TISS or XLRI .
  • Proven experience in designing and administering compensation and benefits programs.
  • Strong understanding of taxation related to employee compensation and benefits.
  • In Depth knowledge of WorkDay and its utilization for compensation and benefits
  • Exceptional communication skills and a proven ability to keep stakeholders informed and included in a way that builds trust. Strong organizational skills and attention to detail.
  • Demonstrated experience performing complex reporting and analysis. Strong analytical, mathematical, statistical, and conceptual skills; Excel/Google sheets expertise is required.
  • Excellent business and People Operations acumen; comfortable navigating ambiguity and thrive in a rapidly changing, fast-paced environment.
  • Proven ability to think strategically and translate strategic directives into tactical initiatives.

Responsibilities:

  • Conduct market research and salary surveys to ensure compensation packages are competitive and aligned with our rewards philosophy.
  • Develop and administer salary structures, job evaluation systems and pay policies.
  • Manage the annual salary review process for India including performance based increases and promotions.
  • Design and administer employee benefits programs, including health insurance, life insurance, retirement plans and other employee perks.
  • Manage relationships with benefits providers and vendors.
  • Collect and analyze compensation and benefits data to identify trends and make recommendations for improvement.
  • Ensure all compensation and benefits programs are compliant with all applicable Indian labour laws.
  • Work closely with HR Business partners, finance and other departments to ensure alignment of compensation and benefits programs with business objectives.

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