Strategic Compensation

6 days ago

Thāne, Maharashtra, India beBeeCompensation Full time ₹ 20,00,000 - ₹ 26,00,000
Strategic Compensation & Benefits Specialist

We are seeking a highly skilled Strategic Compensation & Benefits Specialist to join our team.

Key Responsibilities:

  • Develop, implement, and manage compensation structures that align with business objectives and market competitiveness.
  • Conduct benchmarking, salary surveys, and market analysis to ensure internal equity and external competitiveness.
  • Design and manage employee benefits programs (health, insurance, retirement, wellness, etc.).
  • Evaluate effectiveness of benefits and recommend changes in line with employee needs and cost optimization.
  • Drive annual compensation review cycles (increments, promotions, and bonus payouts).
  • Partner with business leaders and HRBPs to ensure fair, transparent, and performance-driven reward systems.
  • Ensure compliance with statutory requirements, labor laws, and company policies.
  • Maintain governance and documentation for compensation & benefits programs.
  • Create dashboards, reports, and insights on compensation, benefits utilization, and workforce cost analysis.
  • Provide recommendations to leadership for strategic decision-making.
  • Communicate reward policies, benefits, and compensation philosophy effectively to employees.
  • Act as a subject matter expert for employee queries related to pay, benefits, and rewards.

Requirements:

  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work independently and collaboratively in a team environment.
  • Experience with compensation and benefits administration, preferably in a global organization.

What We Offer:

  • A competitive salary and benefits package.
  • The opportunity to work with a talented team and make a meaningful contribution to the organization's success.
  • A dynamic and supportive work environment.

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