Compensation and Benefits Strategist

3 days ago

Gandhinagar, India beBeeBenefits Full time

Compensation and Benefits StrategistJob Summary:The Compensation and Benefits Strategist will develop, oversee and implement the organization's compensation and benefits strategy to ensure market competitiveness and compliance with regulations.Key Responsibilities:Develop and maintain compensation structures, salary benchmarks, and job grading systems to support business objectives and workforce needs.Design and implement salary structures, incentive plans, and benefits programs that drive employee engagement and retention.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 the 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.Stay updated on industry trends, emerging best practices, and regulatory changes to continuously improve programs.Requirements:Strong analytical and problem-solving skills.Excellent communication and interpersonal skills.Ability to work collaboratively in a team environment.High level of integrity and discretion when handling confidential information.Bachelor's degree in Human Resources, Business Administration or related field.5+ years of experience in compensation and benefits.What We Offer:Competitive salary and bonus structure.Comprehensive benefits package, including medical, dental, vision and 401(k).Opportunities for professional growth and development.

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