Petroexcel Technology

1 day ago

Vadodara, Gujarat, India Petroexcel Technology Services Private Limited Full time

Job Title : Compensation & Benefits (C&B) Specialist

Location : Vadodara, Gujarat

Experience : 8 to 11 Years

Industry : Manufacturing / Engineering / Industrial

Function : Human Resources - C&B

Education : MBA/PGDM - HR (Tier 1/2 Institutes Preferred)

About the Role:

We are looking for a passionate and detail-oriented Compensation & Benefits (C&B) Specialist to join our Human Resources Shared Services team. This role will play a pivotal part in driving strategic compensation practices, ensuring statutory compliance, and implementing effective reward strategies to attract, retain, and motivate talent.

The position reports directly to the Head/Lead - Human Resources Shared Services.

Key Responsibilities:

Payroll Management:

- Ensure timely and accurate monthly payroll processing by collaborating with HR Operations and Finance teams, covering bonuses, incentives, and all statutory deductions (PF, ESI, TDS, etc.).

Salary Structure Design:

- Develop competitive and compliant salary structures. Design and monitor performance-linked incentive plans aligned with business goals.

Statutory Compliance:

- Ensure 100% compliance with Indian labor laws including Minimum Wages Act, Payment of Bonus Act, Gratuity Act, and Provident Fund Act.

Salary Benchmarking & Market Analysis:

- Conduct compensation benchmarking exercises, analyze industry compensation trends, and recommend adjustments to maintain internal and external equity.

Cost Analysis & Budgeting:

- Forecast compensation costs and prepare budgets for salary revisions, performance bonuses, and benefit enhancements.

HRIS & Data Management:

- Maintain updated compensation data in systems like Darwinbox and SAP SuccessFactors. Generate dashboards and analytics for leadership.

Job Evaluation & Grading:

- Implement and maintain a transparent job evaluation and grading framework ensuring role clarity and internal parity.

Audit & Compliance:

- Support internal and external audits related to payroll and benefits. Ensure timely documentation and closure of observations.

Annual Appraisal Process:

- Lead and finalize the compensation revision process post annual performance reviews.

Key Qualifications:

- MBA/PGDM in Human Resources from a reputed institute

- 8-11 years of experience in Compensation & Benefits

- Strong understanding of Indian statutory labor laws and compliance requirements

- Proficiency in HRIS platforms (Darwinbox, SAP SuccessFactors preferred)

- Experience in salary benchmarking and job grading methodologies

Skills Required:

- Job Evaluation & Grading

- Payroll Management & Taxation

- Salary Benchmarking & Market Analysis

- Statutory Compliance & Audits

- Data Analysis (MS Excel, Power BI preferred)

- Budgeting & Cost Planning

Behavioral Competencies:

- Analytical & Detail-Oriented

- Strong Time Management

- Execution Excellence

- Flexibility & Adaptability

- High Result Orientation

What We Offer:

- Opportunity to work in a dynamic and performance-driven environment

- Competitive compensation and benefits

- Exposure to strategic HR functions and cross-functional collaboration

- Strong focus on compliance, analytics, and HR technology

Add following details in resume:

Compensation and Availability Details:
Current CTC:
Expected CTC:
Notice Period:
Is your notice period negotiable? (Yes / No)
Are you open to relocating to Vadodara? (Yes / No / Already based in Vadodara)

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