Chief Compensation Officer

15 hours ago

Vadodara, Gujarat, India beBeeCompensation Full time ₹ 22,55,315 - ₹ 25,82,523

Job Title: Chief Compensation Officer

Location: Gurugram

Experience: 6–8 years

Function: Human Resources

Industry: BFSI

Job Description:

The Chief Compensation Officer plays a pivotal role in driving business success by crafting and implementing total rewards strategies that align with organizational goals. This dynamic leader will design compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.

The ideal candidate will lead the Annual Operating Plan (AOP) process for workforce costs, ensuring cross-functional alignment with Finance and Business Heads. They will also conduct detailed manpower planning in collaboration with talent acquisition and business partners.

The Chief Compensation Officer will be responsible for developing and managing compensation structures, pay ranges, and benchmarking exercises. They will drive data-driven insights and design dashboards and analytics around rewards, headcount, productivity, and cost trends.

Key Responsibilities:

  • Design and implement total rewards strategies (compensation, benefits, variable pay, 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 Heads.
  • 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.
  • 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.
  • Own the annual 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.

Required Skills and 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, C&B frameworks, 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.

Benefits:

The successful candidate will enjoy a competitive compensation package, including a base salary, performance-linked bonuses, and other benefits.

Others:

The Chief Compensation Officer will work closely with the HR team to develop and implement compensation strategies that align with organizational goals.

Key Requirements:

  • 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.
  • Postgraduate degree in HR / MBA from a recognized institute.

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