Senior Manager of Pay Systems

1 week ago

Bhavnagar, Gujarat, India beBeeCompensation Full time ₹ 1,00,00,000 - ₹ 1,50,00,000

Job Title: Senior Manager - Strategic Rewards

We are seeking a dynamic and data-driven professional to lead the Total Rewards strategy for our organization.

The role is pivotal in ensuring alignment of reward systems with business goals, driving employee retention and engagement through effective pay practices, and providing deep analytics to inform decision-making.

Key Responsibilities:

  • Total Rewards Strategy: Design and implement total rewards strategies (compensation, benefits, variable pay, long-term incentives) in alignment with organizational goals.
  • Annual Operating Plan (AOP): Lead the AOP process for workforce costs, ensuring cross-functional alignment with Finance and Business Heads.
  • Manpower Planning: Conduct detailed manpower planning in collaboration with talent acquisition and business partners.
  • Compensation Structures: Develop and manage compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.
  • Data-Driven Insights: Drive data-driven insights and design dashboards and analytics around rewards, headcount, productivity, and cost trends.
  • Compensation Benchmarking: Partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews.
  • Bonus and Salary Revision: Own the annual performance-linked bonus and salary revision cycles, including system readiness, communication frameworks, and payout governance.
  • C&B Advisory: Support HRBP teams and leaders with C&B advisory, job evaluations, and compensation structuring for offers and promotions.
  • Reward Governance: Ensure compliance with internal reward governance policies and applicable statutory requirements.

Requirements:

  • 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.
  • Postgraduate degree in HR / MBA from a recognized institute.
  • Deep understanding of manpower planning, AOP, total rewards, C&B frameworks, and incentive design.
  • Strong analytical and numerical ability with proficiency in Excel, PowerPoint, HR dashboards, and compensation tools.
  • Experience in handling large data sets, deriving insights, and presenting to senior leadership.
  • Ability to work cross-functionally, manage multiple stakeholders, and maintain high attention to detail.

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