Compensation Specialist

2 days ago

Solapur, Maharashtra, India beBeeTotalRewards Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

Job Title: Total Rewards Strategist

We are seeking a dynamic and data-driven professional to lead the development of comprehensive total rewards strategies for our organization.

The role is pivotal in ensuring alignment of reward systems with business objectives, driving employee retention and engagement through effective compensation practices, and providing deep analytics to inform decision-making.

Main Responsibilities:

  • Design and implement total rewards frameworks that integrate compensation, benefits, variable pay, and long-term incentives in alignment with organizational goals.
  • Lead the annual operating plan (AOP) process for workforce costs, ensuring cross-functional alignment with finance and business stakeholders.
  • Conduct detailed manpower planning in collaboration with talent acquisition and business partners to optimize resource allocation.
  • Develop and manage compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.
  • Drive data-driven insights and design dashboards and analytics around rewards, headcount, productivity, and cost trends.
  • Partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews.
  • Oversight of performance-linked bonus and salary revision cycles, including system readiness, communication frameworks, and payout governance.
  • Support HRBP teams and leaders with C&B advisory, job evaluations, and compensation structuring for offers and promotions.
  • Ensure compliance with internal reward governance policies and applicable statutory requirements.

Key Qualifications:

  • 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.
  • Postgraduate degree in HR / MBA from a recognized institute.
  • Deep understanding of manpower planning, AOP, total rewards, and incentive design.
  • Strong analytical and numerical ability with proficiency in Excel, PowerPoint, HR dashboards, and compensation tools.
  • Experience in handling large data sets, deriving insights, and presenting to senior leadership.
  • Ability to work cross-functionally, manage multiple stakeholders, and maintain high attention to detail.

Benefits:

This role offers a unique opportunity to drive strategic impact, develop expertise in total rewards, and advance your career in a dynamic and innovative organization.

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