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Senior Payroll and Compensation Manager

2 weeks ago

Hyderabad, Telangana, India beBeeCompensation Full time ₹ 15,00,000 - ₹ 20,00,000
Job Title: Manager - Compensation Strategy

The Manager is responsible for leading the compensation strategy, ensuring accurate payroll processing, and administering employee benefits.


Key Responsibilities:
  • Compensation Strategy:
    • Develop and implement competitive compensation structures including base pay, variable pay, and incentive plans.
    • Analyze internal and external market trends to ensure competitive positioning.
    • Partner with leadership to align compensation strategies with business goals.
  • Payroll Management:
    • Supervise and ensure accurate, timely processing of payroll for all employees across locations.
    • Ensure compliance with statutory requirements.
    • Oversee payroll-related software and systems, recommending improvements as needed.
  • Benefits Administration:
    • Oversee administration of employee benefits including health insurance, wellness programs, retirement plans, etc.
    • Manage vendor relationships for benefit providers and ensure high service levels.
    • Lead benefits communication and education initiatives to improve employee engagement.
  • Compliance & Reporting:
    • Maintain and ensure compliance with labor laws, tax regulations, and organizational policies.
    • Prepare and present dashboards, analytics, and statutory reports to leadership and auditors.
  • Leadership & Development:
    • Lead, coach, and develop a team of professionals in payroll and C&B management.
    • Collaborate with HR Business Partners, Finance, and Legal for aligned HR delivery.
    Qualifications:
    • Bachelor's degree in HR, Finance, Business Administration or related field (Master's preferred).
    • 10+ years of experience in HR with at least 5 years in payroll and C&B management roles.
    • Strong knowledge of labor laws, tax regulations, and compensation practices.
    • Proficiency with payroll software.
    • Strong analytical skills and attention to detail.
    • Excellent leadership, communication, and stakeholder management skills.