Compensation and Benefits Officer

4 weeks ago

Pune Maharashtra, India Epiroc AB Full time

Epiroc India is Looking for a Compensation and Benefits Officer to join their Compensation and Benefits Team in Pune. In this position, you will collaborate closely with HR operation teams and managers across Epiroc India.

Epiroc is a leading global productivity partner to the mining, infrastructure, and natural resources industries. Epiroc stands for innovation, commitment, and collaboration, we clearly aim to be our customers’ first choice.

**Mission**:
Your overall mission is to ensure an efficient, accurate, and compliant processing of employee compensation and benefit as well as payroll-support within Epiroc India. Your mission is to maintain and execute payroll functions with precision, adhere to all applicable labor laws and tax regulations, and ensure timely and error-free payroll delivery. This role also serves as a critical point of contact for managers and employees regarding payroll and compensation and benefits queries and strives to foster a transparent and compliant payroll environment that contributes to the overall efficiency and satisfaction of our workforce.

**Job Title**:Compensation and Benefits Officer

**Reports To**:Compensation and Benefits Manager Epiroc India

**Job Overview**:
The Compensation and Benefits Officer will be responsible for managing a variety of compensation and benefits functions, primarily focused on payroll processing, supporting HR operations in all Epiroc India sites, compliance management, and administrative tasks. This role involves ensuring that all payroll activities are executed accurately and on time, and that our HR operations support run smoothly, HR policies and legal requirements are met, and administrative duties are effectively handled.

**Responsibilities**:
**1. Compensation and Benefits Operations**:

- Manage operations related to appointment letters, Exit Letters, Bonafide letters employee onboarding, offboarding, attendance tracking, leave management, and HR records.
- Administer employee benefits programs, including health insurance, retirement plans, and other company-sponsored benefits.
- Prepare HR reports for management, highlighting key metrics such as absenteeism, and headcount.
- Assist in managing employee performance appraisals and feedback mechanisms.

**2. Payroll Management**:

- Oversee the accurate and timely processing of payroll, including calculating employee salaries, deductions, bonuses, and other compensation-related matters.
- Ensure compliance with applicable wage laws and regulations.
- Maintain employee records related to compensation, attendance, and leave balances.
- Address payroll discrepancies or concerns raised by employees and resolve issues promptly.
- Prepare and submit necessary reports related to payroll taxes, benefits, and statutory deductions.
- Ensure payroll data is in line with applicable labour laws and company policies.

**3. Compliance**:

- Ensure compliance with all labour laws, regulations, and industry standards, including taxation, benefits, occupational health and safety, and data protection (e.g., GDPR, etc.).
- Regularly review and update company HR policies and employee handbooks to maintain legal compliance.
- Liaise with legal advisors and external authorities on HR-related matters.
- Monitor and ensure that the company adheres to regulatory requirements concerning payroll, taxes, social security, and other statutory obligations.
- Stay up to date with changing employment laws and regulations, advising management on necessary policy updates.

**4. Administrative Support**:

- Provide administrative support to the HR department, including preparing documents, correspondence, and HR-related reports.
- Assist with the preparation and maintenance of employee files and records, ensuring confidentiality and compliance with data protection laws.
- Maintain HR databases and ensure all employee information is up to date.
- Coordinate HR meetings, conferences, and events.
- Handle day-to-day Payroll and Benefits queries from employees, providing effective solutions and responses.

**5. Other Duties**:

- Assist with the development and implementation of HR policies and procedures.
- Support the recruitment process with background checks, and document verification.
- Collaborate with other departments to ensure smooth HR operations and employee satisfaction.
- Perform other HR-related tasks and projects as assigned by your manager.

**Qualifications**:

- Bachelor’s degree in human resources, Business Administration, or a related field (or equivalent experience).
- Post-Graduation in HR Management.

**Experience**:

- Minimum 3-5 years’ experience in HR, Payroll and Compensation and Benefits.
- Familiarity with HR software and payroll systems (e.g., Pay-square, HRIS)
- Knowledge of labor laws, HR best practices, and compliance requirements.

**Location**:

- Pune, India.

**Skills & Competencies**:

- Strong understanding of payroll processes, tax calculations, and benefits administration

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