Petroexcel Technology

Job Title : Compensation & Benefits (C&B) SpecialistLocation : Vadodara, GujaratExperience : 8 to 11 YearsIndustry : Manufacturing / Engineering / IndustrialFunction : Human Resources - C&BEducation : 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 methodologiesSkills Required:- Job Evaluation & Grading- Payroll Management & Taxation- Salary Benchmarking & Market Analysis- Statutory Compliance & Audits- Data Analysis (MS Excel, Power BI preferred)- Budgeting & Cost PlanningBehavioral Competencies:- Analytical & Detail-Oriented- Strong Time Management- Execution Excellence- Flexibility & Adaptability- High Result OrientationWhat 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 technologyAdd 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) (ref:iimjobs.com)