Compensation and Benefits Specialist

Job Description

Job_Description":" Key Responsibilities: Develop and execute a comprehensive compensation strategy that aligns with the organizations overall objectives and fosters a high-performance culture. Conduct market research and benchmarking to ensure the companys compensation packages remain competitive in the industry and local markets. Oversee the annual salary review process, ensuring fairness, equity, and adherence to budgetary guidelines. Manage the design, implementation, and administration of the employee benefits programs, including health insurance, leave policies, and other perks. Communicate benefit programs to employees and provide guidance on their usage and enrolment procedure. Stay up-to-date with local, state regulations related to compensation and benefits, ensuring compliance with relevant laws and guidelines. Excellent analytical skills, with the ability to interpret complex data and market trends to drive compensation and benefits decisions. Create and update policies and procedures related to benefits enrolment, eligibility, changes, and terminations, ensuring they are communicated effectively to employees. Serve as a point of contact for employees regarding benefit-related questions, concerns, and issues, ensuring a positive employee experience. Manage and drive Rewards and Recognitions culture in the organization. Conduct research on employee satisfaction (e.g. using surveys and quantitative data). Collaborate with Talent Acquisition teams to structure competitive and compelling offers for new hires. Conduct communication sessions on the benefits program to employees and provide clarification to employees regarding benefits plan. Requirements What you will bring: Bachelor\u2019s degree in Human Resources, Business, IT or a related field. 2-3 years of progressive experience in compensation and benefits is preferred. Proficiency in HRIS systems, Microsoft Excel, and data analytics tools. Proficient with G-Suite or related software. Strong analytical and problem-solving skills, with the ability to interpret complex data. Experience in total rewards management, including compensation, benefits, recognition, and wellness programs. Good understanding of relevant laws, regulations, and industry best practices related to compensation and benefits. Ability to build strong relationships with internal stakeholders, external vendors, and employees at all levels. Good understanding of HR policies and processes with great acumen to interpret and align to compensation and benefits strategy. Strong background in managing compensation processes, good understanding of business/market. Ability to work in a fast-paced, dynamic environment and adapt to changing priorities. Excellent communication, interpersonal, and organizational skills. Benefits What we offer:\u200b Group Medical Insurance (Family Floater Plan - Self + Spouse + 4 Dependent Children) Sum Insured: INR 5,00,000/- Maternity cover up to two children Inclusive of COVID-19 Coverage Cashless & Reimbursement facility