Compensation and Benefits Specialist

As the Compensation and Benefits Manager reporting to the Sr Director, Total Rewards & Strategy, you will be responsible for developing and implementing programs to support the achievement of our growth goals. Your role will involve collaborating with stakeholders across the organization and People Team to devise innovative solutions in various areas of total rewards. A key requirement for this position is a comprehensive knowledge of Indian labor laws, market trends, and best practices in compensation and benefits management. The ideal candidate for this role will possess a track record of influencing leadership through a blend of specialized expertise, relationship-building skills, and a commitment to developing programs that foster scalable growth. Key Requirements: - At least 10 years of experience in compensation and benefits management, preferably within a multinational organization in India. - Specialized background in Total Rewards/Compensation & Benefits (not generalist HR). - Prior in-house experience as a Rewards/Compensation Specialist handling cycles such as merit, promotions, and bonuses, while collaborating with business and finance teams. - Proficiency in stakeholder management with senior leaders, policy drafting, governance, and documentation. - Possession of a core HR degree from TISS or XLRI. - Demonstrated expertise in designing and managing compensation and benefits programs. - Sound understanding of taxation related to employee compensation and benefits. - Proficiency in WorkDay and its application for compensation and benefits management. - Excellent communication skills with a proven ability to engage stakeholders transparently, fostering trust through inclusion. - Strong organizational skills, attention to detail, and a track record of complex reporting and analysis. Proficiency in analytical tools like Excel/Google Sheets is required. - Strong business and People Operations acumen, with a comfort level in navigating ambiguity and thriving in a dynamic, fast-paced environment. - Demonstrated ability to think strategically and translate strategic directives into actionable initiatives. Responsibilities: - Conduct market research and salary surveys to ensure competitive and philosophy-aligned compensation packages. - Oversee the annual salary review process for India, including performance-based increases and promotions. - Develop and manage employee benefits programs, encompassing health insurance, life insurance, retirement plans, and other perks. - Manage relationships with benefits providers and vendors. - Analyze compensation and benefits data to identify trends and recommend enhancements. - Ensure compliance of all compensation and benefits programs with relevant Indian labor laws. - Collaborate closely with HR Business partners, finance, and other departments to align compensation and benefits programs with business objectives.,