Senior Compensation And Benefits Manager

6 days ago

Navi Mumbai, Maharashtra, India Husk Power Systems Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Role & responsibilities:-

  • Design, implement, and continuously refine compensation frameworks, pay structures, and benefits programs to attract and retain high-performing talent.
  • Conduct annual and ad-hoc market benchmarking using compensation surveys and analytics tools.
  • Manage salary reviews, incentive programs, and variable pay structures in line with business objectives.
  • Ensure salaries and benefits comply with the current legislation about human rights and pay equity
  • Keep track of prevailing pay rates and make sure we offer competitive compensation plans
  • Provides advice on job levelling and classification analysis, serving as a trusted resource for internal customers, specifically People/HR partners
  • Participate in the annual market benchmark reviews, in collaboration with Mercer
  • Develop and manage salary structures, pay grades, and scales that align with the company's nancial goals and business objectives.
  • Perform regular market analysis and benchmarking to ensure that the company's compensation packages are competitive within the industry and local job markets.
  • Design, implement, and oversee variable pay programs such as bonuses, sales commissions, and long-term incentive plans.
  • Evaluate job positions to determine classication and salary levels based on responsibilities, required skills, and market rates.
  • Manage annual compensation planning processes, including merit increases and bonus programs.
  • Pull, organize, and analyze data from HRIS -- build reports and interactive documents to support union negotiations strategy.
  • Lead or support special projects such as pay equity analysis, job architecture, and comp/payroll system implementations.Oversee administration of health insurance, retirement plans, and flexible benefits programs.
  • Evaluate vendors and negotiate cost-effective benefit solutions while enhancing employee satisfaction.
  • Collaborate across HR, Payroll, Accounting, and Legal to ensure consistency and compliance in compensation and benets administration.
  • Maintain up-to-date knowledge of and ensure compliance with all federal, state, and local compensation and benets laws and regulations.
  • Represent Payroll and Benets functions on M&A, system conversions, policy changes, and Total Rewards alignment/harmonization initiatives.
  • Prepare proposals, reports, and budgets: Work with nance and senior leadership to forecast and manage budgets for all compensation and benets programs. Analyze benet utilization, cost trends, and claim data to guide leadership decisions. Present quarterly benets dashboards with insights on participation, risk exposure, and ROI. Collaborate on nancial forecasting and budgeting for benet programs

Qualifications & Experience

  • Masters degree in Human Resources, Business Administration, or related field.
  • 10+ years of progressive experience in Compensation & Benefits, HR Compliance, or Total Rewards roles.
  • Expert-level understanding of payroll, health, retirement, and leave program administration
  • Exceptional verbal/written communication and stakeholder engagement skills
  • Business acumen: Understanding how compensation and benets strategies aect an organization's nances and business goals is critical.
  • Negotiation skills: Strong negotiation skills are needed to work with external vendors and partners.
  • Experience overseeing compensation and benets in a manufacturing or multi-location setting.

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