Compensation and Benefits Strategist

3 weeks ago


Noida, Uttar Pradesh, India Innovaccer Full time

Job Summary


As a Compensation and Benefits Strategist, you will play a key role in designing, implementing, and managing the company's compensation and benefits programs. This includes developing pay structures, creating long-term incentive plans, and ensuring compliance with current laws and regulations.


Key Responsibilities



  • Design and implement total rewards frameworks, including salary structures and pay-for-performance programs
  • Conduct market research to establish pay practices and pay bands that attract and retain top talent
  • Monitor pay practices and systems for effectiveness and cost containment
  • Lead participation in salary and labor market surveys to determine prevailing pay rates and benefits
  • Differentiate pay systems to invest in high-value segments of the workforce
  • Oversee the distribution of pay and benefits information to employees
  • Prepare and maintain reports necessary for departmental functions
  • Manage the design and development of tools to assist employees in benefits selection and guide managers through compensation decisions
  • Prepare and execute benefits documentation, such as plan texts and insurance policies

Requirements



  • Bachelor's degree in human resources, business administration, finance, or a related field; a Master's degree is preferred
  • Certified Compensation Professional (CCP) and/or Certified Employee Benefit Specialist (CEBS) designations are advantageous
  • 5+ years of experience in compensation, benefits administration, or human resources management
  • Strong understanding of legal requirements and regulations affecting compensation and benefits programs
  • Excellent analytical skills and ability to interpret and communicate data
  • Strong leadership and team management skills
  • Proficient with HRIS and compensation management software tools
  • Excellent communication and interpersonal skills

About Innovaccer


We offer a dynamic and innovative work environment that fosters growth and development. Our team is passionate about delivering exceptional results and making a meaningful impact in the industry. If you are a motivated and experienced professional looking for a new challenge, we encourage you to apply for this exciting opportunity.



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