Compensation & Benefits Partner

1 day ago

Mumbai, Maharashtra, India Riverforest Connections Full time ₹ 20,00,000 - ₹ 25,00,000 per year

The C&B Partner will be responsible for driving and managing the reward agenda for designated business verticals of the Bank. Acting as the central point of contact for all compensation and benefits matters, the role will focus on aligning reward programs with business objectives, ensuring internal equity, external competitiveness, and compliance with regulatory guidelines. The role will also play a key part in job evaluation, salary fitments, reward analytics, and performance-linked pay design to support talent attraction, retention, and motivation.

Key Responsibilities

1. Reward Strategy & Business Partnership

  • Partner with business leaders and HR Business Partners to design and implement reward solutions aligned with business strategy.
  • Act as a trusted advisor on compensation and benefits matters for assigned business verticals.
  • Ensure reward practices drive employee performance, engagement, and retention.

2. Compensation Management

  • Manage annual compensation planning cycles including salary reviews, promotions, and bonus processes.
  • Conduct job evaluations using standard methodologies (e.g., Mercer, Hay) and ensure proper job leveling across functions.
  • Provide recommendations on salary fitments for new hires, role changes, and internal transfers.
  • Benchmark compensation structures against market practices and recommend competitive positioning.

3. Performance-Linked Pay & Incentive Design

  • Support the design and implementation of performance-linked pay programs.
  • Partner with business leaders to structure incentive plans aligned with performance and regulatory requirements.
  • Monitor effectiveness of pay-for-performance frameworks and recommend improvements.

4. Reward Analytics & Insights

  • Deliver data-driven insights through compensation analytics, dashboards, and reports for leadership decision-making.
  • Conduct internal equity analysis and ensure compliance with pay parity and regulatory guidelines.
  • Monitor reward cost implications and contribute to workforce budgeting exercises.

5. Governance & Compliance

  • Ensure all compensation practices comply with internal governance standards and external regulatory requirements.
  • Support audits, compliance checks, and reporting requirements for compensation.
  • Maintain accurate documentation of job evaluations, pay decisions, and incentive structures.

Qualifications & Experience

  • MBA/PGDM in HR, or equivalent professional qualification.
  • 38 years of progressive HR experience with a strong focus on Compensation & Benefits.
  • Prior experience in the banking/financial services sector or large multinational organizations preferred.
  • Strong understanding of job evaluation methodologies, compensation surveys, and market benchmarking.
  • Proficiency in HR systems, data analytics, and advanced Excel/Power BI skills.

  • Compensation& Benefits, Compliance

    4 weeks ago

    Mumbai, Maharashtra, India Pluxee Full time

    Pluxee is a global player in employee benefits and engagement that operates in 31 countries. Pluxee helps companies attract, engage, and retain talent thanks to a broad range of solutions across Meal & Food, Wellbeing, Lifestyle, Reward & Recognition, and Public Benefits. Powered by leading technology and more than 5,000 engaged team members, Pluxee acts as...

  • High Salary Compensation& Benefits, Compliance

    4 weeks ago

    Mumbai, Maharashtra, India Pluxee Full time

    Pluxee is a global player in employee benefits and engagement that operates in 31 countries. Pluxee helps companies attract, engage, and retain talent thanks to a broad range of solutions across Meal & Food, Wellbeing, Lifestyle, Reward & Recognition, and Public Benefits.Powered by leading technology and more than 5,000 engaged team members, Pluxee acts as a...

  • HRBP - Compensation& Benefits, Payroll and Compliance

    4 weeks ago

    Mumbai, Maharashtra, India Michael Page Full time

    Job Description- Work with a global services player- Oversee compensation and benefits , payroll and HR Business partneringJob Description- Design and implement compensation and benefits structures to attract and retain talent.- . Oversee accurate and timely processing of payroll in compliance with legal requirements.- . Maintain payroll records, resolve...

  • Urgent Search Compensation and Benefits Executive

    3 weeks ago

    Mumbai, Maharashtra, India Digital Business People Full time

    Job DescriptionJob Title: Compensation C Benefits ExecutiveQualifications:Bachelors degree in HR, Business Administration, or a related field (Masters preferred).Certification in HR or Compensation and Benefits (e.g., SHRM, CCP, GRP) is an advantage.Experience:810 years in compensation, benefits, or job evaluation roles.Job Brief:We are seeking a Benefits...

  • Lead Compensation Benefits Financial Services Firm

    3 days ago

    Navi Mumbai, Maharashtra, India Premier Consultants Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    We have an opening for Lead Compensation and Benefits Total Rewards with a Financial Services Company Location MumbaiTo head our Total Rewards vertical which includes C B Performance and Policy Governance we are seeking an HR specialist with strategic and analytical skills The ideal applicant will be in charge of creating and carrying out a thorough Total...

  • Compensation Accounting

    1 day ago

    Mumbai, Maharashtra, India Peoplelogic Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    About the CustomerA leading global marketing and corporate communications company. Omnicom//'s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and other specialty communications services to over 5,000 clients in more...

  • DGM - Compensation & Rewards

    6 days ago

    Mumbai, Maharashtra, India The Bridge Associates Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    We are seeking a dynamicDGM – Compensation & Rewardsto lead the design and management of reward programs across our Middle East & Africa markets. This role will focus on building competitive and sustainable reward strategies that drive performance, engagement, and retention in a fast-evolving business environment.Key ResponsibilitiesLead short-term...

  • Compensation Analyst

    4 weeks ago

    Mumbai, Maharashtra, India A1 Selectors Full time

    Job Summary:We are seeking a detail-oriented and analytical Compensation Analyst to join our Human Resources team. In this role, you will be responsible for supporting the design, implementation, and administration of our compensation programs. The ideal candidate will have a strong understanding of compensation principles, excellent analytical skills, and...

  • Compensation Analyst

    4 weeks ago

    Mumbai, Maharashtra, India A1 Selectors Full time

    Job Summary: We are seeking a detail-oriented and analytical Compensation Analyst to join our Human Resources team. In this role, you will be responsible for supporting the design, implementation, and administration of our compensation programs. The ideal candidate will have a strong understanding of compensation principles, excellent analytical skills, and...

  • Compensation Analyst

    3 weeks ago

    Mumbai, Maharashtra, India A1 Selectors Full time

    Job Summary:We are seeking a detail-oriented and analytical Compensation Analyst to join our Human Resources team. In this role, you will be responsible for supporting the design, implementation, and administration of our compensation programs. The ideal candidate will have a strong understanding of compensation principles, excellent analytical skills, and...