Workday Compensation

Job Title:
Workday Compensation & Benefits Consultant

Location:
Pune or Bangalore, India

Experience:
6–10 Years (Level 4 / Level 5)

Company:
Mphasis

About Mphasis

Mphasis is a leading IT solutions provider specializing in cloud and cognitive services, digital transformation, IT infrastructure, and business process services. Headquartered in Bangalore, India, and operating globally, Mphasis partners with enterprises across industries—including banking, financial services, insurance, healthcare, and technology—to deliver cutting-edge solutions. The company is known for its innovation, client-first approach, and strong commitment to employee growth and well-being.

Role Overview

We are looking for an experienced
Workday Compensation & Benefits Consultant
to join our HR team. The consultant will play a critical role in designing, implementing, and managing compensation and benefits programs, ensuring compliance with regulations and alignment with organizational goals. The role requires strong expertise in Workday HRIS, analytical capabilities, and a deep understanding of compensation frameworks and benefits management, preferably within the
pharmaceutical or healthcare industry
.

Key Responsibilities

• Develop, manage, and optimize the organization's
  compensation and benefits strategy
  , ensuring market competitiveness and compliance with regulatory frameworks.
• Design and maintain
  salary structures, job grading systems, and incentive programs
  aligned with business objectives.
• Oversee the administration of
  employee benefits programs
  including health insurance, retirement plans, and wellness initiatives.
• Conduct
  salary surveys and market analysis
  to benchmark compensation practices against industry standards.
• Collaborate with
  Finance, Payroll, and HRIS teams
  to ensure accuracy in compensation and benefits data.
• Ensure compliance with
  labor laws, tax regulations, and company policies
  .
• Create and maintain
  dashboards, reports, and analytics
  for HR leadership on compensation trends and workforce cost.
• Partner with vendors and benefits providers to
  negotiate contracts
  and ensure cost-effective delivery.
• Lead the communication of
  total rewards programs
  to employees, ensuring clarity and engagement.
• Support internal audits and reporting requirements related to
  Compensation & Benefits
  .
• Stay up-to-date with industry best practices, market trends, and regulatory changes to continuously enhance C&B programs.

Required Skills & Qualifications

• 6–10 years of experience
  in Compensation & Benefits, with preference for candidates from the
  pharmaceutical or healthcare sector
  .
• Strong knowledge of
  Workday HRIS
  platforms.
• Proficiency in
  MS Excel
  and strong analytical skills.
• Solid understanding of
  labor laws, compliance regulations
  , and compensation frameworks.
• Excellent stakeholder management, communication, and problem-solving skills.
• Strong attention to detail with the ability to handle
  confidential data
  responsibly.
• Certification in Compensation & Benefits (e.g.,
  CCP, GRP
  ) is a plus.
• Bachelor's degree in HR, Business Administration, or related field (Master's preferred but not mandatory).

What's In It for You?

• Opportunity to work with a
  high-performing team
  delivering best-in-class HR solutions.
• Exposure to the latest
  Workday and HR technology practices
  .
• Collaborative, open culture with a focus on
  innovation and work-life balance
  .
• Platform to
  influence compensation strategy
  in a global organization and contribute directly to employee engagement and retention.