Compensation Strategy Manager

20 hours ago

Mumbai, Maharashtra, India beBeeCompensation Full time ₹ 1,46,40,000 - ₹ 2,01,60,000

Job Title: Compensation Strategy Manager

Job Description:

We are seeking an experienced professional to drive a global compensation and benefits strategy. This role will ensure competitive, equitable, and performance-driven reward programs across multiple regions.

Key Responsibilities:

  • Develop and implement a comprehensive global total rewards strategy covering compensation, benefits, incentives, and recognition.
  • Oversee annual merit increment cycles, ensuring performance outcomes translate into fair salary adjustments.
  • Conduct benchmarking and recommend structure adjustments to maintain fairness and competitiveness.
  • Maintain a consistent global grading system, ensuring equity and transparency in compensation.
  • Provide expert guidance on local practices, regulations, and cultural requirements.
  • Manage MIS and HR dashboards to track compensation metrics, employee costs, productivity, and retention.
  • Oversee annual cost budgeting, headcount control, and productivity initiatives.
  • Ensure effective use of HRMS tools for compensation planning and data accuracy.
  • Manage global short-term and long-term incentive programs, including bonus cycles, sales incentives, and stock/equity awards.

Qualifications & Skills:

  • Education: MBA / Master's in HR, Business, or related field (preferred).
  • Experience: 5–7 years in Total Rewards / Compensation & Benefits, with multi-country exposure.
  • Functional Competencies:
    • Strong analytical skills; advanced Excel; HRMS/HRIS knowledge.
    • Expertise in compensation structures, job evaluation, and incentive design.
    • Familiarity with global labor laws and compliance requirements.
    • Excellent communication, leadership, and stakeholder management skills.
    • High integrity and accuracy in handling confidential data.

What We Offer:

  • A challenging role in a dynamic industry.
  • Ongoing training and development opportunities.
  • A collaborative and supportive team environment.

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