Salary and Benefits Specialist

1 week ago

Ajmer, Rajasthan, India beBeeCompensation Full time ₹ 1,64,00,000 - ₹ 2,19,20,000

Job Opportunity

We are seeking a highly skilled professional to fill the role of Compensation and Benefits Advisor. This individual will play a crucial part in aligning our compensation and benefits practices with our overall HR and organizational philosophy.

Key Responsibilities:

  • Monitor and maintain balance between compliance, cost control, and talent attraction and retention within the organization's compensation structure.
  • Contribute to project teams responsible for developing and executing technology roadmaps for market intelligence and annual planning, as well as total rewards centered of excellence.
  • Analyse quantitative and qualitative data on key market indicators, interlock with stakeholders, and provide actionable insights.
  • Maintain a focus on enterprise-level compensation management activities while understanding unique characteristics of state entities with diverse missions.
  • Consult with senior leaders and managers on our compensation philosophy, policies, and structures.
  • Research and analyze market data to develop compensation structures, conduct ad-hoc analysis for business leaders on key skills or talent, and perform general market pricing of jobs through salary surveys.
  • Support the work of HR professionals within the CoE and contribute to the development of a global Fiserv HR organization delivering value to clients and communities.
  • Undertake job evaluations to ensure pay fairness and perception among employees.
  • Prepare RFPs, shortlist vendors, and ensure timely completion of appraisal and revision cycles.

Benefits Offerings:

  • Lead wellbeing and benefits operations professionals to develop and implement Fiserv India Health and Mental Wellbeing policies and programs.
  • Define problem statements, set goals, manage performance, escalate issues, and coach/mentor operations teams across health, wellbeing, and operations functions.
  • Collaborate with Fiserv India senior leadership, HR, HQ benefits, and wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
  • Communicate and brand associate benefits effectively.
  • Drive insurance renewal for the Fiserv India entity.
  • Develop approaches for administering health and wellbeing programs for Fiserv India in collaboration with local and global teams.
  • Obtain vendor market intelligence and help the organization optimize return on investment.
  • Manage multiple vendors/services contracts and renewals.
  • Lead internal governance of functional metrics and health/insurance dashboards.
  • Finalize the annual Fiserv India engagement calendar and enable implementation of events in conjunction with the global and India team.
  • Work with Leaders, HRBPs, Talent Acquisition, and the leadership team to communicate/amplify Fiserv India's Benefits philosophy and educate team members on the value of Total Rewards.
  • Manage and monitor health and wellbeing budgets and insurance.
  • Own and drive company-wide special projects aligned to team/organizational needs.

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