Executive Compensation Specialist
2 weeks ago
XpertReach is seeking an experienced Executive Compensation Specialist to join our team.
Salary Range: ₹15,00,000 - ₹30,00,000 per annum
About the RoleThis senior leadership position is responsible for developing and implementing compensation strategies that attract, retain, and motivate top talent in the insurance industry.
The ideal candidate will have a strong background in compensation and benefits, with experience in leadership roles preferably in the insurance sector.
Key responsibilities include:
- Annual Appraisals & Performance Management: Oversee the annual appraisal process to ensure timely and fair evaluations, salary increments, and bonus distribution.
- Compensation & Budget Management: Forecast and manage compensation budgets to ensure financial sustainability while remaining competitive.
- Market Benchmarking: Conduct regular market benchmarking to ensure competitive salary and benefits offerings.
- Bonuses & Long-Term Incentives: Manage bonuses, LTIP, and phantom stock schemes to align employee performance with organizational goals.
- Benefits Operations: Administer key benefits like group mediclaim, life insurance, car leases, and employee wellness programs.
- Regulatory Compliance: Ensure adherence to regulatory guidelines regarding compensation and benefits.
- Stakeholder Management: Collaborate with internal stakeholders and external vendors to align compensation programs with company objectives.
To succeed in this role, you should possess:
- Education: A Bachelor's degree in HR, Business Administration, or related field; Master's or professional certifications (CCP, CEBS) are 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.
We offer a dynamic work environment, opportunities for growth, and a competitive salary package. If you're passionate about shaping the future of compensation and benefits, apply today
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