Head, Compensation and Benefits

7 days ago

Pune, India Fiserv Full time

Job Location - Pune, Bengaluru or Chennai



What does a successful Compensation & Benefits Head do at Fiserv?


The C&B head is responsible for providing direction, guidance, and expertise on key compensation and benefits matters for the Group, and collaborate with Finance, HR and Business Leaders worldwide to ensure that compensation and benefits programs align with Group strategy and key business initiatives.


This role encompasses 4 key areas: annual review process, Incentive Opportunity (ICs), HR system (HCM), and guidelines/policies to ensure optimum compensation and benefits.



What you will do:


  • You will conduct analyses of jobs, salaries, and incentives to evaluate internal equality, external competitiveness, and legal compliance of the organization’s pay practices.
  • Make recommendations regarding salary grades or market rates for specific jobs. Assist in the development of incentive programs and the administration of performance review or merit-rating programs.
  • Review salary increases for compliance with organization policy and budget. Assists in the implementation and delivery of various Compensation and HR projects including performance management, monthly reporting, etc.
  • Assists in implementing and administering compensation and incentive programs across the organization and participates in salary surveys to maintain current competitive data, summarizing analysis results.
  • Creates job descriptions and maintains a job description database. Research collect and analyze data to determine appropriate grade level and title for proposed new jobs and re-evaluations of current jobs.
  • Assists in market analyses to identify competitive practices and trends in specific geographic areas where Fiserv has a significant presence.
  • May provide support to HRIS (Human Resources Information System) team in the compilation, analysis, and delivery of reports.



What you will need to have:


  • Having over 20+ years of experience in Human resources with expertise in Total Rewards, Benefits & Wellness.
  • Full understanding / experience of handling entire life cycle of a deal from initiation to successful launch and experience in managing strategic initiatives programs.
  • Must be extremely organized, self-motivated, and capable of thriving in a rapidly changing environment while managing constantly shifting priorities.
  • Successful experience in managing benefits activities in a large, public company preferred.
  • Must interact well with all levels (including senior management) across the organization.
  • Will frequently partner with all departments within Human Capital, strong partnership with Finance organization and all business units.
  • Ability to connect with CXOs & top management of the organization

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