Senior Manager Compensation Benefits

1 week ago

Bengaluru, India Whatjobs IN C2 Full time

We believe in giving you the empowerment, flexibility and resources to follow your ideas and do meaningful work in your own unique way. We value speed, agility and entrepreneurial spirit and are committed to providing you a safe, inclusive and nurturing work environment. We provide you with the support needed to grow and be the best you can possibly be. In return, you lead us to build a better business for everyone - our clients, our employees and the world. Position Title: Senior Manager – Compensation and Benefits Location: Bangalore Work Mode: 5 Days Work from Office Job Summary: We are looking for a dedicated Compensation and benefits person who is well versed on payroll & statutory Compliance, manage payroll operations with a strong focus on minimum wage compliance, legal and statutory norms (ESI, PF), and salary structuring across multiple business units and states. The ideal candidate will ensure all payroll calculations are accurate, timely, and fully compliant with evolving statutory requirements. Key Responsibilities 1. Minimum Wages Compliance Conduct monthly minimum wage validations for all employees, ensuring compliance with the latest state government notifications and revising CTCs as required. Prepare and share minimum wage working sheets for approval and update revised CTCs on the portal for impacted employees Communicate changes and impacts to business teams and update relevant HR systems accordingly 2. Payroll Management Oversee end-to-end payroll activities, including salary register validations, arrears calculations (manual/system-based), and payroll authorizations Validate and update compensation for new joiners, conversions (PT/FT & FT/PT), and transfers before payroll processing Ensure accurate and timely payroll closure, including first and second cut validations and rectification of negative arrears 3. Statutory Compliance (ESI, PF, Bonus) Ensure monthly statutory bonus validations and compliance with the Bonus Act, including calculations based on minimum wage, basic salary, and statutory caps Adjust statutory bonus payouts as required, ensuring no impact on net take-home or CTC, and update payroll structures accordingly Monitor and ensure compliance with all PF and ESI regulations across business units, including timely remittance and accurate employee coverage 4. Salary Structure Management Maintain and update salary structures for different business verticals, ensuring compliance with statutory requirements and internal policies Handle salary refitment and restructuring requests for manpower and SLA-based employees, including approvals and system updates Generate and upload statutory and salary-related letters (increment,

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