Compensation Specialist

5 days ago

Tirupati, Andhra Pradesh, India beBeeCompensation Full time ₹ 1,80,00,000 - ₹ 2,50,00,000
Job Description

The ideal candidate will drive best-in-class compensation practices under the supervision of a Total Rewards Leader. This role involves designing compensation structures, determining salary ranges, managing annual salary revisions, communicating compensation programs, and monitoring the compensation program for periodic changes.

This requires aligning compensation practices with the overall HR philosophy and driving wellbeing and Benefits/Rewards operations professionals to develop and implement health and mental wellbeing policies and programs.

  • Designing compensation structures that balance compliance, cost control, and staff attraction/retention.
  • Determining salary ranges based on market intelligence indicators via dashboards and predictive analytics.
  • Managing annual salary revisions, communicating compensation programs, and monitoring the compensation program for periodic changes.
Required Skills and Qualifications

A successful Compensation and Benefits Expert will have 10-12 years of experience in Compensation & Benefits and a graduate degree in any discipline or MBA Finance/Human Resources.

They must have prior people leadership experience with expertise in benefits portfolio management from technology-enabled organizations or broker industries.

Strong network of peers in competitor organizations, awareness of market landscape and practices specifically in health and mental wellbeing, strong presentation skills and communication are desirable.

  • Deep expertise in budgeting, vendor assessment, data requirement gathering, project management, process design, and governance.
  • Strong analytical skills, time management, and ability to handle large size data in Excel.
  • Must be able to conduct self in a professional manner in dealing with highly sensitive information.
Benefits

The Compensation and Benefits Expert will enjoy a range of benefits including:

  • Competitive salary and bonus structure.
  • Comprehensive health insurance and wellbeing programs.
  • Retirement savings plan and other employee benefits.
Others

As a Compensation and Benefits Expert, you will have the opportunity to work closely with Fiserv senior leadership, HR, HQ Benefits, and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.

You will also have the chance to develop approaches for administering health and wellbeing programs in collaboration with local and global teams.

Additionally, you will drive vendor market intelligence across the broader benefits portfolio and help optimize ROI.

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