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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