Salary Structure Developer

5 days ago

Kolkata, West Bengal, India beBeeCompensation Full time ₹ 15,00,000 - ₹ 25,00,000

Job Overview

We are seeking a highly analytical and strategic Compensation Manager to drive our organization's compensation structures, rewards programs, and employee benefits. The role is critical in ensuring fair, competitive, and performance-driven pay practices that attract, retain, and motivate top talent while aligning with our business goals and compliance requirements.

Key Responsibilities
  • Design and Implement Compensation Structure: Develop, implement, and manage the company's compensation structure (salary bands, pay grades, allowances, bonuses, incentives) to ensure internal equity and consistency across roles, levels, and geographies.
  • Conduct Market Analysis: Conduct benchmarking and market surveys to ensure competitive pay practices within the industry.
  • Partner with Business Leaders: Partner with HR and business leaders to develop compensation strategies aligned with organizational goals.
  • Manage Employee Benefits: Manage employee benefits programs (health insurance, retirement plans, wellness initiatives, leave policies, etc.) to ensure relevance, competitiveness, and employee satisfaction.
  • Negotiate with Vendors: Negotiate with insurance providers, PF/ESI consultants, and benefits vendors for cost efficiency.
  • Develop Incentive Programs: Develop and manage incentive programs, performance bonuses, and recognition frameworks to motivate employees.
  • Administer Pay Cycles: Administer annual salary reviews, promotions, and variable pay cycles to ensure timely and accurate payments.
  • Ensure Compliance: Ensure compliance with statutory labor laws, tax regulations, and wage legislation (PF, ESI, gratuity, bonus act, etc.).
  • Support Audits: Support internal and external audits related to payroll and benefits.
  • Maintain Records: Maintain accurate compensation records, policies, and reporting standards.
  • Develop Analytics: Develop dashboards and analytics on compensation trends, cost impact, and employee benefit utilization.
  • Prepare Management Reports: Prepare management reports on salary structures, workforce costs, and pay competitiveness.

About Us

A forward-thinking organization seeks an accomplished professional to drive its compensation strategy.

The ideal candidate will possess expertise in compensation design, analysis, and implementation, as well as exceptional interpersonal and communication skills.

This is an excellent opportunity to leverage your skills and experience in a dynamic environment.

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