Compensation And Benefits Specialist

Key Responsibilities

Payroll Operations

• Lead

  end-to-end payroll management

  for employees, contract workers, and piece-rate labor through

  Darwinbox (preferred) or equivalent HRMS

  .
• Validate

  time & attendance integration

  with payroll (biometric, ERP/Tally).
• Ensure accurate calculation of

  PF, ESI, LWF, Gratuity, TDS, PT, Bonus Act compliance

  .
• Manage

  full & final settlements (F&F)

  including leave encashment, gratuity, and retirement benefits.

Benefits & Rewards Management

• Administer group

  health insurance, gratuity, pension, canteen subsidies, shift allowances, retention & incentive schemes

  .
• Partner with finance and vendors for

  cost optimization of benefits

  .
• Design and implement

  R&R frameworks

  aligned with productivity and business performance.

Compliance & Audits

• Ensure 100% compliance with

  Factories Act, Shops & Establishment Act, and statutory payroll filings

  (PF/ESI returns, Income Tax, Gratuity).
• Handle

  labour law inspections, internal audits, and statutory audits

  with complete documentation.
• Keep track of

  amendments in wage codes

  and ensure proactive alignment.

Analytics & Reporting

• Create

  compensation dashboards

  payroll cost trends, overtime analysis, productivity ratios, manpower cost vs. revenue.
• Build models for

  cost-to-company forecasting, attrition cost, and manpower budgeting

  .
• Provide data-driven insights for

  CXO-level decision-making

  .

Systems & Automation

• Drive

  automation of payroll workflows

  and minimize manual interventions.
• Configure and maintain

  Darwinbox modules

  .

Compensation Design & Strategy

• Develop and maintain

  CTC structures

  (fixed, variable, allowances, productivity-linked pay, retention schemes).
• Conduct

  salary benchmarking & market surveys

  to ensure competitive positioning.
• Manage

  annual compensation cycles

  – increment matrix, promotions, bonus payouts, long-term incentive plans.

Requirements

• MBA/MSW/PGDM in HR

  (full-time, Tier 1/2 preferred).

• 10+ years of C&B & Payroll experience in manufacturing/engineering sector

  .
• Expert knowledge of

  statutory payroll laws

  (PF, ESI, Bonus, Gratuity, TDS, Wage Code).
• Hands-on experience with

  Darwinbox or equivalent HRMS

  .
• Strong command of

  MS Excel (Pivot, VLOOKUP, Macros), HR dashboards, cost modeling

  .
• Strong stakeholder management with ability to partner with HR, Finance & Business leaders.
• High attention to detail, confidentiality, and accuracy.