Compensation Benefits Manager

6 hours ago

Palakkad, Kerala, India beBeeCompensation Full time ₹ 27,50,000 - ₹ 32,50,000

Job Title: Compensation & Benefits Manager

Are you an experienced professional seeking a challenging role that aligns with business goals? This position is ideal for you.

We are looking for a skilled and experienced professional to lead our Total Rewards strategy, ensuring alignment of reward systems with business objectives. The successful candidate will have 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.

The ideal candidate will possess strong analytical and numerical ability, with proficiency in Excel, PowerPoint, HR dashboards, and compensation tools. A postgraduate degree in HR / MBA from a recognized institute is also required.

This role requires the ability to work cross-functionally, manage multiple stakeholders, and maintain high attention to detail. The successful candidate will be responsible for driving data-driven insights and designing dashboards and analytics around rewards, headcount, productivity, and cost trends.

The successful candidate will design and implement total rewards strategies (compensation, benefits, variable pay, long-term incentives) in alignment with organizational goals. They will lead the Annual Operating Plan (AOP) process for workforce costs, ensuring cross-functional alignment with Finance and Business Heads. They will conduct detailed manpower planning in collaboration with talent acquisition and business partners, develop and manage compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.

The role requires the ability to partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews. Additionally, they will own the annual performance-linked bonus and salary revision cycles, including system readiness, communication frameworks, and payout governance.

Key Responsibilities:

  • Leverage market data and internal equity principles to drive informed decision-making
  • Develop and manage compensation structures, pay ranges, and benchmarking exercises
  • Partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews
  • Own the annual performance-linked bonus and salary revision cycles

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