Compensation And Benefits Specialist

2 weeks ago

Coimbatore, Tamil Nadu, India Bull Machines Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Key Responsibilities

Payroll Operations

  • Lead end-to-end payroll management for employees, contract workers, and piece-rate labor through Darwinbox (preferred) or equivalent HRMS.
  • Validate time & attendance integration with payroll (biometric, ERP/Tally).
  • Ensure accurate calculation of PF, ESI, LWF, Gratuity, TDS, PT, Bonus Act compliance.
  • Manage full & final settlements (F&F) including leave encashment, gratuity, and retirement benefits.

Benefits & Rewards Management

  • Administer group health insurance, gratuity, pension, canteen subsidies, shift allowances, retention & incentive schemes.
  • Partner with finance and vendors for cost optimization of benefits.
  • Design and implement R&R frameworks aligned with productivity and business performance.

Compliance & Audits

  • Ensure 100% compliance with Factories Act, Shops & Establishment Act, and statutory payroll filings (PF/ESI returns, Income Tax, Gratuity).
  • Handle labour law inspections, internal audits, and statutory audits with complete documentation.
  • Keep track of amendments in wage codes and ensure proactive alignment.

Analytics & Reporting

  • Create compensation dashboards payroll cost trends, overtime analysis, productivity ratios, manpower cost vs. revenue.
  • Build models for cost-to-company forecasting, attrition cost, and manpower budgeting.
  • Provide data-driven insights for CXO-level decision-making.

Systems & Automation

  • Drive automation of payroll workflows and minimize manual interventions.
  • Configure and maintain Darwinbox modules.

Compensation Design & Strategy

  • Develop and maintain CTC structures (fixed, variable, allowances, productivity-linked pay, retention schemes).
  • Conduct salary benchmarking & market surveys to ensure competitive positioning.
  • Manage annual compensation cycles – increment matrix, promotions, bonus payouts, long-term incentive plans.

Requirements

  • MBA/MSW/PGDM in HR (full-time, Tier 1/2 preferred).
  • 10+ years of C&B & Payroll experience in manufacturing/engineering sector.
  • Expert knowledge of statutory payroll laws (PF, ESI, Bonus, Gratuity, TDS, Wage Code).
  • Hands-on experience with Darwinbox or equivalent HRMS.
  • Strong command of MS Excel (Pivot, VLOOKUP, Macros), HR dashboards, cost modeling.
  • Strong stakeholder management with ability to partner with HR, Finance & Business leaders.
  • High attention to detail, confidentiality, and accuracy.

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