Compensation Strategist

2 weeks ago


agra, India beBeeCompensation Full time

Job Opportunity:The role of Compensation & Benefits Specialist is a strategic position that requires expertise in developing and overseeing an organization's compensation and benefits strategy.About the JobThis professional will be responsible for ensuring market competitiveness and compliance with regulations through the development and oversight of compensation and benefits structures, salary benchmarks, and job grading systems.Key Responsibilities:Develop and oversee the organization's compensation and benefits strategy to ensure market competitiveness and compliance with regulationsAssist in designing and implementing salary structures, incentive plans, and benefits programs that support business objectives and workforce needsOversee the administration of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other perksConduct market analyses and participate in salary surveys to ensure competitive and equitable compensation packagesEnsure compliance with labor laws, tax regulations, and internal policies related to compensation and benefitsCollaborate with Finance and Payroll teams to ensure accuracy in pay and benefits dataSupport design and communication of total rewards programs that attract, retain, and motivate employeesManage benefits enrollment and resolve employee queries in coordination with vendorsContribute to internal audits and reporting requirements related to C&BPrepare dashboards and reports for HR leadership on compensation trends and cost analysisManage vendor relationships with benefits providers and negotiate contracts to optimize cost-effectivenessPartner with HRIS and payroll teams to ensure seamless execution of compensation and benefits processesStay updated on industry trends, emerging best practices, and regulatory changes to continuously improve programsBenefits of the Role:Ongoing learning and growth opportunities in the field of compensation and benefitsChance to work with a dynamic team and contribute to organizational successOpportunity to make a meaningful impact on employee well-being and satisfactionCompetitive compensation and benefits package



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