Compensation And Benefits Specialist

1 day ago

Bengaluru Chennai, India Northern Arc Capital Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Job Summary:

We are seeking a highly analytical and detail-oriented Compensation and Benefits Analyst to join our HR team. The ideal candidate will have experience designing and implementing incentive programs for feet-on-street employees, managing variable pay structures, and conducting market benchmarking exercises. This role will play a critical part in ensuring our compensation strategies are competitive, equitable, and aligned with business objectives.

Key Responsibilities:

  • Compensation Design & Analysis:

  • Design and optimize compensation structures for various employee groups, with a strong focus on sales teams and "street-on-street" roles.

  • Structure and model incentive plans that align with sales targets, KPIs, and business goals.
  • Develop and manage variable pay plans, including quarterly/annual incentive payouts.

  • Evaluate internal compensation equity and recommend adjustments as needed.

  • Benefits Administration:

  • Support the design and communication of employee benefits programs.

  • Benchmark benefits offerings against market standards and suggest enhancements.

  • Benchmarking & Market Analysis:

  • Conduct salary benchmarking using market surveys (e.g., Mercer, Aon, Radford, etc.).

  • Analyze external compensation trends to maintain competitive salary structures.

  • Provide insights and reports to support compensation strategy decisions.

  • Analytics & Reporting:

  • Leverage data to analyze pay equity, cost impact of compensation plans, and ROI on incentive programs.

  • Prepare detailed compensation reports for leadership and HR business partners.

  • Maintain compensation dashboards and KPIs.

  • Policy & Compliance:

  • Ensure compliance with labor laws and internal policies related to compensation and benefits.

  • Participate in annual compensation planning, merit review cycles, and salary budgeting.

Key Requirements:

  • Bachelor's degree in HR, Finance, Economics, or related field (Masters degree or MBA is a plus).
  • 5–12 years of experience in compensation & benefits, preferably from NBFC.
  • Proven experience in structuring incentive plans and variable pay programs.
  • Strong command over compensation analytics and tools such as Excel, Power BI, or Tableau.
  • Experience with salary benchmarking and familiarity with global C&B surveys (e.g., Mercer, Aon).
  • Excellent analytical and problem-solving skills.
  • Strong interpersonal and communication abilities to partner with cross-functional teams.

Preferred Skills:

  • HRIS tools experience (PeopleStrong)
  • Knowledge of statutory and compliance aspects related to compensation.
  • Exposure to reward strategy, pay-for-performance frameworks, and total rewards.

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