Compensation and Benefits Lead

4 days ago


Bengaluru, Karnataka, India PhonePe Full time

Job Summary:


We are seeking a highly experienced Compensation and Benefits Lead to join our team at PhonePe. As a key member of our HR function, you will be responsible for developing and implementing comprehensive compensation programs that attract, retain, and motivate our employees.


Key Responsibilities:



  • Design, implement, and administer compensation programs, including base salary structures, variable pay plans, and equity incentives.
  • Manage the annual compensation review cycle, including salary adjustments, promotions, and bonuses.
  • Conduct regular benchmarking and analysis of compensation and benefits practices to ensure competitiveness and compliance with market trends and legal requirements.
  • Collaborate with HR business partners and other stakeholders to provide guidance and support on compensation and benefits-related matters.
  • Monitor expenditure against targets and implement adjustments for financial sustainability.

Requirements:



  • Masters in Human Resources with 46 years of experience from Tier 1 institutions.
  • Proven expertise in compensation structures, employee benefits, incentives, and recognition programs.
  • Excellent analytical and problem-solving skills, with the ability to interpret and analyze complex data.
  • Proficiency in using HR information systems and compensation software tools.
  • Strong attention to detail and accuracy in all aspects of work.

About the Role:


The Compensation and Benefits Lead will play a critical role in shaping our total rewards strategy to attract, retain, and motivate top talent. If you are a seasoned professional with a passion for compensation and benefits, we encourage you to apply for this exciting opportunity.



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