Compensation and Benefits Specialist
4 weeks ago
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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