Compensation Benefits Manager

4 weeks ago

Bangalore, India Alp Consulting Ltd. Full time

Responsibilities

· Lead and manage compensation and benefits process for the OSBI, which includes monitoring and managing performance appraisal

systems, short term incentive plans, salary benchmarking, benefits benchmarking & renewals.

· Oversee the company salary and benefit structure and well as lead competitive market research to establish pay practices and systems

for effectiveness.

· Leading the annual salary review, considering internal & external parity for salary revision and promotion recommendation.

· Salary benchmarking for different grades and designations and deriving benefits accordingly.

· To lead and manage changes in compensation and benefits structures, ensuring a smooth transition for employees

· Ensuring that solutions are compliant to existing governmental and labour requirement, protect the interest of the organization in

accordance with HR policies

· To oversee the administration activities relating to C&B from remuneration review including all allowances, Pay for performance, Design

and Calculation

· Strategizing, leading and managing all projects, related to employee compensation and benefits

· Rack and identify trends in benefits program data to assist in making recommendations for management.

· Provide analytical support like pay trends, cost of labour, recommendations on salary packages, review benchmark positions.

· Providing input on the Function's budget requirements and accordingly control expenses of the Reward Function, ensuring it stays

within its operating budget

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