Compensation Strategist

3 days ago

davangere, India beBeeBenefits Full time

Compensation Benefits Specialist Job DescriptionThis is an exciting opportunity for a skilled Compensation Benefits Specialist to join our team. As a key member of our HR department, you will play a crucial role in developing and implementing compensation and benefits strategies that drive business results.About the Role:We are seeking an experienced professional with a strong background in compensation and benefits. You will be responsible for designing and implementing salary structures, incentive plans, and benefits programs that support business objectives and workforce needs. Your expertise in labor laws, tax regulations, and internal policies will ensure compliance and accuracy in pay and benefits data.Key Responsibilities:Develop and oversee the organization's compensation and benefits strategy, ensuring market competitiveness and compliance with regulations.Assist in developing and maintaining compensation structures, salary benchmarks, and job grading systems.Design and implement salary structures, incentive plans, and benefits programs that support business objectives and workforce needs.Oversee the administration of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other perks.Conduct market analyses and participate in salary surveys to ensure competitive and equitable compensation packages.Ensure compliance with labor laws, tax regulations, and internal policies related to compensation and benefits.Collaborate with Finance and Payroll teams to ensure accuracy in pay and benefits data.Support design and communication of total rewards programs that attract, retain, and motivate employees.Manage benefits enrollment and resolve employee queries in coordination with vendors.Contribute to internal audits and reporting requirements related to C&B.Prepare dashboards and reports for HR leadership on compensation trends and cost analysis.Manage vendor relationships with benefits providers and negotiate contracts to optimize cost-effectiveness.Partner with HRIS and payroll teams to ensure seamless execution of compensation and benefits processes.Requirements:Bachelor's degree in Computer Science, Engineering, or similar technical field of study, or related practical experience. Master's degree preferred, but not required.What We Offer:A dynamic and supportive work environment that encourages innovation and collaboration.A comprehensive compensation and benefits package that reflects our commitment to your well-being and success.Ongoing training and development opportunities to enhance your skills and knowledge.

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