Compensation Specialist

7 days ago

Ghaziabad, Uttar Pradesh, India beBeeExpert Full time ₹ 18,00,000 - ₹ 24,00,000
Compensation and Benefits Expert Job SummaryThis is a senior role responsible for designing compensation structures, determining salary ranges, and managing annual salary revision exercises. The ideal candidate will have experience in people leadership, benefits portfolio management, and data analysis.The role involves monitoring the organization's compensation structure, maintaining balance between compliance and cost control, and attracting and retaining staff. The successful candidate will also be able to drive Compensation and Best-in-Class Benefits practices under supervision.

Key Responsibilities:

  • Designing compensation structures and determining salary ranges.
  • Managing annual salary revision exercises through surveys and analysis.
  • Maintaining balance between compliance and cost control.
  • Attracting and retaining staff.
  • Driving Compensation and Best-in-Class Benefits practices under supervision.

Requirements:

  • 10-12 years of experience in Compensation & Benefits.
  • Experienced graduate in any discipline or MBA Finance / HR.
  • Prior experience in people leadership with 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.

Benefits:

  • Drive wellbeing and Benefits/rewards operations professionals to enable the development and successful implementation of Fiserv India Health and Mental Wellbeing policies and programs conceptualized in conjunction and partnership with the local and global and 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 Fiserv India 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 Fiserv India 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 Fiserv India's Benefits 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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