Compensation Benefits Manager

1 week ago


Bengaluru, India Alp Consulting Ltd. Full time

Responsibilities· Lead and manage compensation and benefits process for the OSBI, which includes monitoring and managing performance appraisalsystems, short term incentive plans, salary benchmarking, benefits benchmarking & renewals.· Oversee the company salary and benefit structure and well as lead competitive market research to establish pay practices and systemsfor effectiveness.· Leading the annual salary review, considering internal & external parity for salary revision and promotion recommendation.· Salary benchmarking for different grades and designations and deriving benefits accordingly.· To lead and manage changes in compensation and benefits structures, ensuring a smooth transition for employees· Ensuring that solutions are compliant to existing governmental and labour requirement, protect the interest of the organization inaccordance with HR policies· To oversee the administration activities relating to C&B from remuneration review including all allowances, Pay for performance, Designand Calculation· Strategizing, leading and managing all projects, related to employee compensation and benefits· Rack and identify trends in benefits program data to assist in making recommendations for management.· Provide analytical support like pay trends, cost of labour, recommendations on salary packages, review benchmark positions.· Providing input on the Function's budget requirements and accordingly control expenses of the Reward Function, ensuring it stayswithin its operating budget



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