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Compensation Benefits Manager
5 days ago
Location : Bangalore
Role responsibilities :
Design compensation structures/models, allowances, salary ranges, long & short term incentive programs, policy formulation across group entities
Budgeting, financial impact analysis and scenario planning to evaluate optimal solutions and implementation plans
Refine market intelligence data to periodically benchmark compensation programs / processes in scope and recommend enhancements to improve their competitiveness.
Ensure that compensation practices are in compliance with current legislation
Design and deployment of various compensation programs to drive organizational performance through world-class practices of governance and employee experience
Large change / program management including those that affect the larger organization and drive business value
Lead key / strategic initiatives within the Practice
Independently resolve escalated compensation issues and recommend optimal solutions for issues with high complexity.
Develop and report metrics related to effectiveness of managed compensation programs / processes.
Engage with internal stakeholders and user groups to solicit actionable feedback on programs and recommend design improvements.
Develop targeted education programs and communication material on compensation offerings.
Qualifications:
8+ years’ experience in core compensation and benefit areas of organization(s) with multi-country operations (or) consulting experience in total rewards.
Strong analytical and quantitative skills to work with complex data with an emphasis on accuracy. High proficiency in operating with spreadsheets and databases.
Have an eye for detail yet understand the larger context to recommend solutions factoring multiple variables.
Ability to engage with multiple internal and external stakeholders to realize shared objectives.
Can take responsibility and operate independently in a fast-paced environment.
Education: Top B-Schools would be Preferred
Skills:
Compensation Structure
Compensation Design
Compensation Modelling
Executive remuneration
Bonus Plan
Incentive Plan
Allowances Design
Structuring Hiring Grids
Compensation budgeting
HR due diligence
Merger and Acquisition
Compensation and Benefits Harmonization
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