Compensation Strategist

4 days ago

Jaipur, Rajasthan, India beBeeCompensation Full time ₹ 15,00,000 - ₹ 23,00,000

Compensation Strategist Role Summary

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This role involves providing strategic guidance on compensation practices to align with organizational goals. The ideal candidate will have experience in developing and implementing compensation structures, as well as managing benefits portfolios.

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Key Responsibilities:

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  • Developing and implementing compensation strategies to drive business objectives.">
  • Managing benefits programs to ensure alignment with organizational goals.">
  • Conducting market research to inform compensation decisions.">
  • Analyzing data to identify trends and areas for improvement.">
  • Communicating compensation strategies and policies to stakeholders.">
  • Collaborating with cross-functional teams to drive business outcomes.">
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Requirements:

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  • 10-12 years of experience in compensation and benefits.">
  • Graduate degree in a relevant field or MBA.">
  • Prior experience in people leadership and expertise in benefits portfolio management.">
  • Deep expertise in budgeting, vendor assessment, data requirement gathering, project management, and process design & governance.">
  • Strong network of peers in competitor organizations.">
  • Awareness of market landscape and practices specifically in health and mental wellbeing.">
  • Strong presentation skills and communication are desirable.">
  • Able to handle large size data in Excel skill.">
  • Must be able to conduct self in a professional manner in dealing with highly sensitive information.">
  • Time management and analytical skills.">
  • Utilize strong organizational skills to establish a plan, define objectives, set deliverables/timelines and implement quality standards.">
  • Past experience in matrix organization or corporate office will be preferred.">
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Benefits:

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  • Drive wellbeing and Benefits / rewards operations professionals to enable the development and successful implementation of Health and Mental Wellbeing policies and programs conceptualized in conjunction and partnership with local and global Benefits teams.">
  • Responsible for defining problem statements, goal setting, performance management, escalation management and coaching/mentoring the operations team across the health, wellbeing and operations functions.">
  • Works closely with senior leadership, HR, HQ Benefits and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.">
  • Focus on communication and branding of all associate benefits.">
  • Drive insurance renewal for the Fiserv India entity.">
  • Develops the approach for administering health and wellbeing programs for Fiserv India in India in collaboration with local and global teams.">
  • Drives vendor market intelligence across the broader benefits portfolio & help organization to optimize ROI.">
  • Managing multiple vendors / services contracts & renewal.">
  • Leads the internal governance of functional metrics and health/insurance dashboards.">
  • Drives the finalization of annual engagement calendar in partnership with site excellence and enables implementation of the events in conjunction with the global and India team.">
  • Works with Leaders, HRBPs, Talent Acquisition and the leadership team to effectively communicate/amplify Total Rewards philosophy and educate team members on the value of Total Rewards in partnership with communications.">
  • Manages and monitors health and wellbeing budgets and insurance.">
  • Owns and drives company-wide special projects aligned to team/organizational needs.">
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