Compensation and variable pay L3

2 weeks ago

Pune Thiruvananthapuram, India Navlakha Management Services Full time ₹ 15,00,000 - ₹ 20,00,000 per year

Role & responsibilities

1. Compensation Strategy & Governance

  • Lead annual compensation review cycles for assigned business units.
  • Design and manage variable pay programs (bonus, sales incentive, performance-linked pay).
  • Provide insights on market competitiveness, pay equity, and internal alignment.
  • Support compensation committee reviews and governance reporting.

2. Variable Pay Program Management

  • Manage end-to-end short-term incentive (STI) and long-term incentive (LTI) programs.
  • Ensure accurate payout calculations, budget alignment, and audit compliance.
  • Collaborate with Finance on forecasting and accruals.
  • Recommend improvements to incentive models based on performance outcomes.

3. Benchmarking & Analytics

  • Conduct compensation surveys and benchmarking (Mercer, Willis Towers Watson, etc.).
  • Provide dashboards, MIS, and reports on compensation and variable pay.
  • Perform cost modeling and scenario analysis for new roles, promotions, or retention cases.

4. Compliance & Stakeholder Collaboration

  • Ensure compliance with labor laws, tax regulations, policies.
  • Partner with HRBPs, Finance, and IT (HRIS) for smooth program execution.
  • Communicate guidelines, policies, and payout details to managers and employees.

5. Projects & Transformation

  • Support global compensation transformation initiatives (e.g., new HR tools, AI-driven analytics).
  • Drive automation and process improvement in compensation & variable pay cycles.
  • Act as a subject matter expert (SME) for compensation-related projects.

Preferred candidate profile

Education:

  • Bachelors / Masters in HR, Business Administration, Finance, or related field.
  • CCP (Certified Compensation Professional) preferred.

Experience:

  • 5-8 years in compensation & rewards, with at least 3+ years in variable pay administration.
  • 5 Years of hands-on experience with success factors.
  • Experience in IT/Technology services industry is highly desirable.

Technical Skills:

  • Strong HRIS (Workday / SuccessFactors).

Core Competencies:

  • Strong analytical & problem-solving skills.
  • High integrity & ability to handle confidential data.
  • Excellent stakeholder management & communication skills.
  • Ability to work in a global matrix environment.

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