About this role
We are looking for a Compensation and Benefits Specialist to oversee and administer the employee’s perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organisational trust and satisfaction.
Key Responsibilities
Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budgetCoordinates C&B processes like the salary planning, bonus planning, new benefits introduction, etc.Designs and develops compensation policiesAnalyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitivenessDesigns and develops different schemes of the variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office and Enabling functions)Closely cooperates and manages the relationship with the external compensation consulting companyLeads and manages compensation projects for the entire organizationParticipates as the team member in the strategic projects and initiativesDesign policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs)Trains line managers in the complex usage of different HR and Compensation policiesAdvices top managers in taking difficult decisions in the area of compensation, benefits and motivation of employeesManages, leads and develops C&B AnalystsRepresent the organization at different HR conferences
Requirements
Proven working experience as a compensation and benefits specialistPrior experience in HR practices and compensation cycle managementWorking knowledge of job evaluation and job analysis systemsPrevious experience with organisational psychology and labour market surveysAdequate knowledge of current labour rules and regulationsFamiliarity with various types of incentives and benefitsExtensive knowledge of HRIS and MS OfficeStrong quantitative and analytical skillsBS degree in human resources, business administration or finance
No. of Positions: 2
Job location: Bangalore
Salary: Industry Standards