Compensation and Benefits Strategist
10 hours ago
XpertReach is a cutting-edge organization that pushes the boundaries of innovative solutions. As we continue to grow and expand our reach, we are seeking a highly skilled Compensation and Benefits Strategist to join our team.
SalaryWe offer a competitive salary range of $120,000 - $180,000 per annum, commensurate with experience.
Job DescriptionKey Responsibilities:- Annual Appraisals & Performance Management: Our ideal candidate will oversee the annual appraisal process, ensuring timely and fair evaluations, salary increments, and bonus distribution. They will manage the performance management system (PMS) to link employee performance with rewards.
- Compensation & Budget Management: The successful candidate will forecast and manage the compensation budget to ensure financial sustainability while remaining competitive. They will align salary ranges and structures to market standards and internal equity.
- Market Benchmarking: We are looking for someone who can conduct regular market benchmarking (e.g., Aon, industry peers) to ensure competitive salary and benefits offerings, reducing the risk of talent attrition.
- Bonuses & Long-Term Incentives: The ideal candidate will manage bonuses, LTIP, and phantom stock schemes to align employee performance with organizational goals.
- Benefits Operations: Our Compensation and Benefits Strategist will administer key benefits like group mediclaim, life insurance, car leases, and employee wellness programs. They will ensure timely processing and comprehensive coverage.
- Regulatory Compliance: The successful candidate must ensure adherence to regulatory guidelines (IRDAI, etc.) regarding compensation and benefits to avoid legal risks and penalties.
- Stakeholder Management: We require someone who can collaborate with internal stakeholders (HR, finance, leadership) and external vendors (insurance providers, consultants) to align compensation programs with company objectives.
- Executive Compensation: Our ideal candidate will support the Nomination and Remuneration Committee (NRC) with senior executive compensation decisions, aligning them with business strategy.
- Financial Oversight: The Compensation and Benefits Strategist will optimize compensation and benefits costs through careful financial management, vendor negotiations, and cost-benefit analysis.
- Education: A Bachelor's degree in HR, Business Administration, or related field; Master's or professional certifications (CCP, CEBS) preferred.
- Experience: 15+ years in compensation and benefits, including leadership experience, preferably in the insurance industry.
- Skills: Strong knowledge of compensation strategy, benefits administration, regulatory compliance, and financial management.
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