Compensation and Benefits Specialist

4 weeks ago


Noida, Uttar Pradesh, India Paytm Full time

About Paytm:

We are India's leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants, and online platforms. Our mission is to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services.

About the Team:

We are a team that challenges and encourages you to do meaningful work. You will have the opportunity to make a difference and have a great time doing that. We are successful, and our successes are rooted in our people's collective energy and unwavering focus on the employees.

About the role:

This role will be responsible for supporting the implementation of a broad range of reward practices and compliance policies for the organization. As a key subject matter expert of the Compensation and Benefits functions locally, you will provide local insights, consultation, and advice to Human Resources Business Partners and senior business leaders as required.

Key Responsibilities:

1. Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by benchmarking against comparators.

2. Compensation and Benefits Analysis: Conducts and analyses survey results to assist in comparing compensation and benefits plans.

3. Policy Development: Participates in the development of compensation and benefits policy.

4. Employee Stock Option Management: Managing the Employee Stock Option plan.

5. Annual Planning and Budgeting: Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards, and awards programs).

6. Salary Review and Administration: Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments.

7. Compensation Trend Monitoring: Monitors compensation trends within the organization and provides analytics to support operational efficiency.

8. Operational Support: Provide ongoing support to line managers and HR on operations matters related to compensation.

9. Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.

10. Reporting and Compliance: Provide support in Annual Reports, AGMs and other statutory requirements.

Superpowers/ Skills that will help you succeed in this role:

1. Specialist with a minimum of 6 years of experience in Compensation & Benefits.

2. Specialized or cross-functional knowledge / relevant experience required by the position/role.

3. In-depth knowledge of concepts & principal of India compensation & benefits, employment acts, and other companies' compensation & benefits programs.

4. Data Analytics, Well-versed with MS Excel.

Education: Must be an MBA in Human Resource or any equivalent degree.



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