Strategic Compensation and Benefits Specialist

7 days ago

Jamnagar, Gujarat, India beBeeStrategic Full time ₹ 18,40,000 - ₹ 2,15,60,000
Job Title: Strategic Compensation Expert

The ideal candidate will be responsible for aligning compensation and benefits practices with the organization's overall HR philosophy. They will drive best-in-class compensation and benefits strategies, individually under supervision.

Key Responsibilities:
  • Designing compensation structures, determining salary ranges, and managing annual salary revision exercises through surveys and analysis.
  • Communicating compensation programs to employees and management, monitoring the program, and making changes periodically as necessary.
  • Driving strategic compensation and benefits initiatives under the supervision of a Total Rewards Leader.
Compensation:
  • Monitoring the organization's compensation structure and maintaining balance between compliance, cost control, and attracting/retaining staff.
  • Developing and executing technology roadmaps for Market Intelligence and Annual Planning.
  • Performing quantitative and qualitative data analysis of key market indicators via dashboards design including predictive analytics.
  • Maintaining an enterprise-level focus on compensation management activities while understanding unique characteristics of diverse missions.
  • Consulting with Sr. Leaders and managers on the compensation philosophy, policies, and structures.
  • Researching and analyzing market data for developing compensation structures, conducting ad hoc analysis for business leaders on key skills or talent, and general market pricing of jobs through salary surveys.
Benefits:
  • Driving wellbeing and benefits operations professionals to develop and implement health and mental wellbeing policies and programs in conjunction with local and global benefits teams.
  • Defining problem statements, goal setting, performance management, escalation management, and coaching/mentoring the operations team across health, wellbeing, and operations functions.
  • Working closely with senior leadership, HR, HQ benefits, and wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
  • Communicating and branding all associate benefits.
  • Driving insurance renewal for the entity.
  • Developing the approach for administering health and wellbeing programs for Fiserv India in collaboration with local and global teams.
  • Drives vendor market intelligence across the broader benefits portfolio to optimize ROI.
  • Managing multiple vendors/services contracts and renewals.
  • Leading internal governance of functional metrics and health/insurance dashboards.
  • Driving the finalization of annual engagement calendar in partnership with site excellence and enabling implementation of events in conjunction with the global and India team.
  • Working with Leaders, HRBPs, Talent Acquisition, and the leadership team to communicate/amplify Fiserv India's benefits philosophy and educate team members on the value of Total Rewards in partnership with communications.
  • Managing and monitoring health and wellbeing budgets and insurance.
  • Owning and driving company-wide special projects aligned to team/organizational needs.

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