Compensation And Benefits Specialist

4 days ago

Kolkata, West Bengal, India Vikram Solar Full time US$ 9,00,000 - US$ 12,00,000 per year

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Job Title: Compensation & Benefits Specialist

Location: Kolkata, India

Department: Human Resources

Reporting To: CHRO

About Vikram Solar

Vikram Solar is a global solar energy solutions provider, leading the industry through cutting-edge technology, reliable execution, and sustainable development. Our HR strategy aligns with our mission to empower clean energy transition while building a high-performing and inclusive workplace.

Role Overview:

We are seeking an experienced and analytically strong Compensation & Benefits Specialist to drive the design, development, and governance of job evaluation, total rewards, compensation structure, and internal equity for Vikram Solar. This role is crucial in defining pay philosophies, building internal grade frameworks, and conducting in-depth salary benchmarking without reliance on external consultants.

Key Responsibilities:

1. Compensation Strategy & Pay Structure Development

  • Independently design, implement, and revise the companys compensation framework.
  • Define and administer salary structures, pay ranges, and pay points based on role criticality, job families, and market benchmarks.
  • Establish and calculate pay percentiles (25th, 50th, 75th), define range spreads, and design overlap percentages across grades.
  • Lead creation of broadbanding strategies and horizontally distributed job structures that support career progression and internal equity.

2. Job Evaluation and Grading

  • Conduct internal job evaluations using Hays-certified methodology or equivalent logic-based frameworks.
  • Build and continuously update job families, grades, and brand-distinguished structures tailored to manufacturing, engineering, and corporate domains.
  • Define range percentages (e.g., 80%-120%) and calibrate overlap between grades.
  • Create tools and templates to calculate grade overlaps using defined formulae and benchmarking logic.

3. Benchmarking & Market Intelligence

  • Conduct salary benchmarking exercises using internal data and market intelligence.
  • Design comparatives with peer companies (solar, manufacturing, renewable industries) to guide C&B decisions.
  • Define company position in market using pay ratios and analyze internal vs. external competitiveness.

4. Total Rewards Design

  • Design and implement all four components of Total Rewards:

  • Compensation

  • Benefits
  • Recognition

  • Performance Management & Career Development

  • Drive integration of rewards with performance, engagement, and retention strategies.

Qualifications:

  • Postgraduate degree in HR, Business Administration, or related field from a reputed institute.
  • 1214 years of hands-on experience in Compensation & Benefits, ideally within manufacturing, solar, or renewable energy sectors.
  • Certified in Hays or Mercer Job Evaluation methodology preferred.
  • Strong Excel and data modelling skills; knowledge of HR analytics and reporting tools.
  • Demonstrated ability to independently drive C&B benchmarking and job evaluations without third-party consultants.

Competencies:

  • Strategic Thinking & Analytical Reasoning
  • Data-Driven Decision Making
  • High Attention to Detail
  • Communication and Stakeholder Management
  • Confidentiality and Compliance
  • Strong Business Acumen and Market Awareness

Preferred Exposure:

  • Design of broadband job structures
  • Experience in job architecture and job branding initiatives
  • Prior involvement in organization restructuring or transformation projectsRole & responsibilities

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