Compensation and Benefits Strategist
3 weeks ago
The Compensation and Benefits Strategist plays a pivotal role in managing the local aspects of benefits and reward programs, salary grading, and complex compensation and benefits query resolution. This specialist operates within a global framework, incorporating local policies where applicable.
Key Responsibilities:- Collaborate with the regional people services lead to provide proactive advice and solutions on C&B matters, translating insights into local policy.
- Understand business direction in India and assist in translating relevant insights and local requirements.
- Ensure smooth payroll processing through active coordination with finance and payroll teams.
- Fulfill compensation and benefits related legal compliances in conjunction with consultants.
- Execute (local) Compensation and Benefits processes according to policies and standard operating procedures.
- Manage salary packaging arrangements and compensation administration.
- Act as an escalation point for employee inquiries received via Tier 1, further escalating to the CoE when necessary.
- Maintain up-to-date deep functional knowledge to support key moments during the employee lifecycle.
- Complete relevant research of internal policies and frameworks to support query resolution.
- Perform salary grading for new positions, aligning to global policy.
- Drive the local implementation/execution of annual rewards programs.
- Possess a strong working knowledge of enabling technologies, systems, and processes, ensuring high-quality service delivery.
- Candidate should have excellent analytical data fluency.
- Possess experience in designing, optimizing, and implementing local benefits and reward policies within a global framework.
- Have knowledge of local legal and tax frameworks and best practices in the region.
- Ability to work with local consultation bodies and industrial relations, if applicable.
- Strong communication skills are essential.
The Compensation and Benefits Strategist reports directly to the Regional People Services Lead (India HR Head).
Estimated Salary:Rs. 25 lakhs per annum.
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