Compensation And Benefits Specialist

Location:

Position Overview

Compensation & Benefits (C&B) Manager

operational accuracy, compliance knowledge, and analytical skills

Key Responsibilities

Payroll Management

• End-to-end ownership of payroll for ~2,500 employees across multiple group companies.
• Ensure accurate and timely processing of salaries, reimbursements, incentives, and settlements.
• Maintain compliance with statutory requirements (PF, ESI, PT, Income Tax, Gratuity, LWF, Bonus Act, etc.).
• Liaise with finance and statutory authorities for audits, reconciliations, and compliance reporting.
• Manage payroll software, HRMS, and integrations with time & attendance systems.

Compensation & Benefits

• Assist the Group HR Head in designing and implementing compensation structures, salary benchmarking, and pay ranges.
• Support in annual budgeting, salary revisions, and bonus/incentive planning.
• Conduct periodic reviews of benefits policies (health insurance, mediclaim, leave encashment, retirement benefits) to ensure competitiveness and cost effectiveness.
• Provide insights and analytics on compensation trends, internal equity, and external competitiveness.
• Draft and implement C&B policies, ensuring alignment with organizational strategy.

Compliance & Controls

• Ensure full adherence to labour laws, tax regulations, and internal governance frameworks.
• Maintain proper documentation, records, and audit trails for payroll and benefits administration.
• Manage vendor relationships with payroll service providers, insurance companies, and other benefits partners.

Analytics & Reporting

• Generate periodic reports on payroll cost, C&B trends, attrition cost analysis, and budget variances.
• Provide dashboards and insights to the Group HR Head and senior management for decision making.
• Support MIS preparation for CMD and Board reviews.

Employee Support

• Address employee queries related to payroll, tax, and benefits in a timely and professional manner.
• Drive communication campaigns to create awareness of compensation policies and benefits programs.
• Partner with HR Business Partners to resolve payroll and benefits issues smoothly.

Candidate Profile

• Education:

  MBA/PGDM in HR, Finance, or equivalent qualification.

• Experience:

  Minimum

  7 years

  in payroll and compensation & benefits management, preferably in pharma/manufacturing/large corporate setups.
• Strong knowledge of

  Indian labour laws, tax compliance, and statutory requirements.

• Hands-on expertise with

  HRMS/Payroll systems

  (PeopleStrong, SAP, Oracle, or similar).
• Excellent analytical, numerical, and problem-solving skills.
• Strong communication, stakeholder management, and vendor management capabilities.
• Ability to work in a fast-paced environment with high ownership and accuracy.

Key Competencies

• Payroll Accuracy & Compliance
• Compensation Benchmarking & Analytics
• Benefits Administration
• Stakeholder & Vendor Management
• Attention to Detail & Integrity
• Confidentiality and Ethical Practice