Compensation Specialist

7 days ago

Mumbai, Maharashtra, India beBeeCompensation Full time ₹ 30,00,000 - ₹ 50,00,000

About this Role:

We are seeking an experienced professional to manage and oversee all aspects of employee remuneration, benefits administration, payroll processing, regulatory compliance, and audit readiness.

Key Responsibilities:

  • Design, implement, and manage competitive compensation and benefits programs.
  • Administer employee benefits programs including health insurance, retirement plans, leave policies, and wellness initiatives.
  • Communicate compensation and benefits policies clearly to employees.
  • Collaborate with HR and business teams to ensure alignment with compensation strategy.

Payroll Management:

  • Oversee accurate and timely processing of payroll in compliance with legal requirements.
  • Maintain payroll records, resolve discrepancies, and ensure compliance with tax regulations.
  • Ensure payroll data integrity and resolve discrepancies.
  • Coordinate with finance and external vendors for payroll processing.
  • Maintain payroll records and reports for audit and compliance purposes.

Regulatory Compliance:

  • Ensure compliance with local labor laws, tax regulations, and company policies.
  • Stay updated on changes in employment law and labor regulations.
  • Prepare and submit statutory filings and reports as required.
  • Conduct training sessions on compliance and ethical practices.

Audit Support:

  • Support internal and external HR and payroll audits.
  • Prepare audit documentation and address audit queries.
  • Implement corrective actions for audit findings.
  • Maintain documentation and processes to ensure audit readiness at all times.

HR Business Partnering:

  • Collaborate with business leaders to understand their objectives and translate them into HR strategies.
  • Provide guidance on employee relations, performance management, talent development, and organizational design.
  • Act as a trusted advisor to management on all HR-related matters.

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