Compensation and Benefits Specialist

4 weeks ago


Noida, Uttar Pradesh, India Paytm Full time

About Us: Paytm is a leading financial services company in India, offering a wide range of payment and financial solutions to consumers, merchants, and online platforms. Our mission is to bring half a billion Indians into the mainstream economy through innovative financial services.

About the Team: We are a dynamic team that thrives on making a difference and having a great time while doing so. We encourage our team members to take on challenges and contribute to meaningful projects that benefit both the organization and the employees.

About the Role: This role will play a crucial part in supporting the implementation of compensation and benefits practices and policies for the organization. As a key subject matter expert, you will provide local insights, consultation, and advice to Human Resources Business Partners and senior business leaders.

Key Responsibilities:

  • Ensure external competitiveness of internal salary ranges by benchmarking against comparators.
  • Conduct and analyze survey results to assist in comparing compensation and benefits plans.
  • Participate in the development of compensation and benefits policy.
  • Manage the Employee Stock Option plan.
  • Annual planning, forecasting, and budgeting exercises for all direct costs for employees.
  • Annual Salary review exercise and administration of compensation review process cycle.
  • Monitor compensation trends within the organization and provide analytics to support operational efficiency.
  • Provide ongoing support to line managers and HR on operations matters related to compensation.
  • Keep abreast with new trends and best practices in the C&B field.

Requirements:

  • Specialist with a minimum of 6 years of experience in Compensation & Benefits.
  • Specialized or cross-functional knowledge / relevant experience required by the position/role.
  • In-depth knowledge of concepts & principal of India compensation & benefits, employment acts, and other companies' compensation & benefits programs.
  • Data Analytics, Well-versed with MS Excel.

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



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