Compensation and Benefits Leader

4 days ago

Bengaluru, Karnataka, India beBeeCompensation Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Head of Compensation and Benefits Strategy

Designs and implements compensation, benefits, rewards, and recognition programs to attract, motivate, and retain top talent.


Key Responsibilities:

  • Compensation Strategy & Management:
    • Develops and oversees the organization's compensation philosophy, policies, and structures.
    • Leads annual salary benchmarking, compensation surveys, and market analysis to ensure competitiveness.
    • Develops and manages a comprehensive salary structure that balances internal equity with external competitiveness.
    • Ensures the salary structure is aligned with performance, career progression, and income tax benefits for employees.
    • Manages annual compensation cycles (merit increases, promotions, variable pay, and incentive programs).
    • Partners with senior leadership and HR business partners to design compensation packages for key roles.
    • Ensures pay equity, internal parity, and compliance with applicable laws and regulations.
  • Benefits & Wellness Programs:
    • Designs and manages employee benefits programs (health, insurance, retirement, leave, wellness initiatives, etc.).
    • Designs and implements tax-efficient compensation structures to maximize employee take-home pay while ensuring compliance with local regulations.
    • Evaluates existing benefits offerings and recommends enhancements to improve employee satisfaction and cost efficiency.
    • Negotiates with vendors and manages relationships with benefits providers.
    • Introduces innovative well-being and employee engagement programs.
  • Rewards & Recognition:
    • Develops and implements recognition frameworks to encourage performance and cultural alignment.
    • Drives the design of incentive plans (short-term and long-term) for different employee levels.
    • Ensures alignment between performance management outcomes and rewards distribution.
  • Governance, Compliance & Reporting:
    • Ensures compliance with statutory requirements, tax laws, and labor regulations related to pay and benefits.
    • Maintains documentation and conducts audits of compensation and benefits programs.
    • Provides dashboards and analytics to management on pay structures, benefits usage, cost implications, and trends.
  • Leadership & Collaboration:
    • Leads and mentors the C&B team, fostering a culture of data-driven decision-making and innovation.
    • Partners with HR, Finance, and Business Leaders to align C&B strategies with organizational goals.

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