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Compensation And Benefits Specialist

4 weeks ago


Hyderabad, Telangana, India mavQ Full time
About Us:
mavQ is an innovative AI company that provides intelligent business automation solutions, empowering organizations with AI-driven tools to streamline operations, enhance efficiency, and accelerate digital transformation. Headquartered in the U.S., with offices in India, mavQ simplifies complex workflows, automates document processing, and delivers actionable insights. Scalable and customizable, mavQ enables organizations to optimize processes, reduce manual effort, and achieve their business goals with ease.
Job Title:
Compensation and Benefits Specialist
Work Location:
Hyderabad, India
Key Responsibilities:
Develop and execute a comprehensive compensation strategy that aligns with the organization's overall objectives and fosters a high-performance culture.
Conduct market research and benchmarking to ensure the company's compensation packages remain competitive in the industry and local markets.
Oversee the annual salary review process, ensuring fairness, equity, and adherence to budgetary guidelines.
Manage the design, implementation, and administration of the employee benefits programs, including health insurance, leave policies, and other perks.
Communicate benefit programs to employees and provide guidance on their usage and enrollment procedure.
Stay up-to-date with local, state regulations related to compensation and benefits, ensuring compliance with relevant laws and guidelines.
Excellent analytical skills, with the ability to interpret complex data and market trends to drive compensation and benefits decisions.
Create and update policies and procedures related to benefits enrollment, eligibility, changes, and terminations, ensuring they are communicated effectively to employees.
Serve as a point of contact for employees regarding benefit-related questions, concerns, and issues, ensuring a positive employee experience.
Manage and drive Rewards and Recognitions culture in the organization.
Conduct research on employee satisfaction (e.G. using surveys and quantitative data).
Collaborate with Talent Acquisition teams to structure competitive and compelling offers for new hires.
Conduct communication sessions on the benefits program to employees and provide clarification to employees regarding benefits plan.
What you will bring:
Bachelor's degree in Human Resources, Business, IT or a related field.
2-3 years of progressive experience in compensation and benefits is preferred.
Proficiency in HRIS systems, Microsoft Excel, and data analytics tools.
Proficient with G-Suite or related software.
Strong analytical and problem-solving skills, with the ability to interpret complex data.
Experience in total rewards management, including compensation, benefits, recognition, and wellness programs.
Good understanding of relevant laws, regulations, and industry best practices related to compensation and benefits.
Ability to build strong relationships with internal stakeholders, external vendors, and employees at all levels.
Good understanding of HR policies and processes with great acumen to interpret and align to compensation and benefits strategy.
Strong background in managing compensation processes, good understanding of business/market.
Ability to work in a fast-paced, dynamic environment and adapt to changing priorities.
Excellent communication, interpersonal, and organizational skills.
What we offer:
Group Medical Insurance (Family Floater Plan - Self + Spouse + 4 Dependent Children)
Sum Insured:
INR 5,00,000/-
Maternity cover upto two children
Inclusive of COVID-19 Coverage
Cashless & Reimbursement facility
Access to free online doctor consultation
Personal Accident Policy (Disability Insurance) -
Sum Insured:
INR. 25,00,000/- Per Employee
Accidental Death and Permanent Total Disability is covered up to 100% of the Sum Insured
Permanent Partial Disability is covered as per the scale of benefits decided by the Insurer
Temporary Total Disability is covered
An option of Food Wallet (up to Rs. 2500) as a tax saver benefit
Monthly Internet Reimbursement of upto Rs. 1,000
Professional Development opportunities through various mavQ-sponsored certifications on multiple technology stacks including Salesforce, Google Cloud & others