Compensation And Benefits Specialist

4 days ago

Bengaluru, Karnataka, India Quess Corp Limited Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Job summerry:

We are looking for a dedicated Compensation and benefits person who is well-versed on payroll & statutory Compliance, manages payroll operations with a strong focus on minimum wage compliance, legal and statutory norms (ESI, PF), and salary structuring across multiple business units and states. The ideal candidate will ensure all payroll calculations are accurate, timely, and fully compliant with evolving statutory requirements.

Role & responsibilities:

1. Minimum Wages Compliance

  • Conduct monthly minimum wage validations for all employees, ensuring compliance with the latest state government notifications and revising CTCs as required.
  • Prepare and share minimum wage working sheets for approval and update revised CTCs on the portal for impacted employees
  • Communicate changes and impacts to business teams and update relevant HR systems accordingly

2. Payroll Management

  • Oversee end-to-end payroll activities, including salary register validations, arrears calculations (manual/system-based), and payroll authorizations
  • Validate and update compensation for new joiners, conversions (PT/FT & FT/PT), and transfers before payroll processing
  • Ensure accurate and timely payroll closure, including first and second cut validations and rectification of negative arrears

3. Statutory Compliance (ESI, PF, Bonus)

  • Ensure monthly statutory bonus validations and compliance with the Bonus Act, including calculations based on minimum wage, basic salary, and statutory caps
  • Adjust statutory bonus payouts as required, ensuring no impact on net take-home or CTC, and update payroll structures accordingly
  • Monitor and ensure compliance with all PF and ESI regulations across business units, including timely remittance and accurate employee coverage

4. Salary Structure Management

  • Maintain and update salary structures for different business verticals, ensuring compliance with statutory requirements and internal policies
  • Handle salary refitment and restructuring requests for manpower and SLA-based employees, including approvals and system updates
  • Generate and upload statutory and salary-related letters (increment, transfer, promotion, revision) as required

5. Compensation and Benefits: Calculate Annual Budget for increments and performance process

  • Perform merit increment cycle
  • Perform Variable pay bonus and calculations
  • Letter generation process 6. Reporting & Documentation
  • Prepare and share monthly billing inputs, CTC reports, and compliance documentation with finance and business teams
  • Respond to ad hoc requests for payroll and compliance data, ensuring accuracy and confidentiality

Preferred candidate profile

  • Experience managing payroll for 10,000+ employees.
  • Experience with large-scale payroll operations and statutory audits.
  • Familiarity with salary structuring for diverse business verticals and client-specific requirements.

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