Compensation Benefits Manager

5 hours ago

Gurgaon, Haryana, India StorySideUp Full time ₹ 25,00,000 - ₹ 40,00,000 per year

Job Title:
Manager – Rewards

Location:
Gurugram

Experience:
6–8 years

Function:
Human Resources

Industry:
BFSI

CTC
: 25-30 lpa

Role Overview:

For a BFSI client of ours, we are seeking a dynamic and data-driven professional to lead the Total Rewards and Compensation & Benefits (C&B) strategy. The role is pivotal in ensuring alignment of reward systems with business goals, driving employee retention and engagement through effective pay practices, and providing deep analytics to inform decision-making.

Key Responsibilities:

  • Design and implement total rewards strategies (compensation, benefits, variable pay, long-term incentives) in alignment with organizational goals.
  • Lead the Annual Operating Plan (AOP) process for workforce costs, ensuring cross-functional alignment with Finance and Business Heads.
  • Conduct detailed manpower planning in collaboration with talent acquisition and business partners.
  • Develop and manage compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.
  • Drive data-driven insights and design dashboards and analytics around rewards, headcount, productivity, and cost trends.
  • Partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews.
  • Own the annual performance-linked bonus and salary revision cycles, including system readiness, communication frameworks, and payout governance.
  • Support HRBP teams and leaders with C&B advisory, job evaluations, and compensation structuring for offers and promotions.
  • Ensure compliance with internal reward governance policies and applicable statutory requirements.

Key Requirements:

  • 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.
  • Postgraduate degree in HR / MBA from a recognized institute.
  • Deep understanding of manpower planning, AOP, total rewards, C&B frameworks, and incentive design.
  • Strong analytical and numerical ability with proficiency in Excel, PowerPoint, HR dashboards, and compensation tools.
  • Experience in handling large data sets, deriving insights, and presenting to senior leadership.
  • Ability to work cross-functionally, manage multiple stakeholders, and maintain high attention to detail.

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