Compensation And Benefits Specialist - Immediate Joiners Only

IMMEDIATE JOINERS ONLY

Job Title:

About Vikram Solar

Vikram Solar is a global solar energy solutions provider, leading the industry through cutting-edge technology, reliable execution, and sustainable development. Our HR strategy aligns with our mission to empower clean energy transition while building a high-performing and inclusive workplace.

Role Overview:

Compensation & Benefits Specialist

Key Responsibilities:

1. Compensation Strategy & Pay Structure Development

• Independently design, implement, and revise the companys

  compensation framework

  .
• Define and administer

  salary structures

  ,

  pay ranges

  , and

  pay points

  based on role criticality, job families, and market benchmarks.
• Establish and calculate

  pay percentiles (25th, 50th, 75th)

  , define

  range spreads

  , and design

  overlap percentages

  across grades.
• Lead creation of

  broadbanding strategies

  and

  horizontally distributed job structures

  that support career progression and internal equity.

2. Job Evaluation and Grading

• Conduct

  internal job evaluations

  using

  Hays-certified methodology

  or equivalent logic-based frameworks.
• Build and continuously update

  job families

  ,

  grades

  , and

  brand-distinguished structures

  tailored to manufacturing, engineering, and corporate domains.
• Define

  range percentages

  (e.g., 80%-120%) and calibrate overlap between grades.
• Create tools and templates to

  calculate grade overlaps

  using defined formulae and benchmarking logic.

3. Benchmarking & Market Intelligence

• Conduct

  salary benchmarking exercises

  using

  internal data and market intelligence

  .
• Design

  comparatives with peer companies

  (solar, manufacturing, renewable industries) to guide C&B decisions.
• Define company position in market using

  pay ratios

  and analyze

  internal vs. external competitiveness

  .

4. Total Rewards Design

• Design and implement all

  four components of Total Rewards

  :

1. Compensation

2. Benefits

3. Recognition

4. Performance Management & Career Development

• Drive integration of rewards with

  performance

  ,

  engagement

  , and

  retention strategies

  .

Qualifications:

• Postgraduate degree in HR, Business Administration, or related field from a reputed institute.

• 1214 years of hands-on experience

  in Compensation & Benefits, ideally within manufacturing, solar, or renewable energy sectors.

• Certified in Hays or Mercer Job Evaluation methodology

  preferred.
• Strong Excel and data modelling skills; knowledge of HR analytics and reporting tools.
• Demonstrated ability to independently drive

  C&B benchmarking and job evaluations

  without third-party consultants.

Competencies:

• Strategic Thinking & Analytical Reasoning
• Data-Driven Decision Making
• High Attention to Detail
• Communication and Stakeholder Management
• Confidentiality and Compliance
• Strong Business Acumen and Market Awareness

Preferred Exposure:

• Design of

  broadband job structures

• Experience in

  job architecture and job branding

  initiatives
• Prior involvement in

  organization restructuring or transformation projectsRole & responsibilities