Compensation Benefits Manager

Compensation Benchmarking

• Actively work on compensation benchmarking study for various sponsored and forum based surveys
• Work closely with Business HR Team for evaluating compensation needs for business verticals
• Analysis basis comp survey outcome, internal parity and input for decision on compensation

Compensation Review Process:

• Actively work on annual compensation budgeting, simulations & planning for execution
• Work with Business team for finalizing the compensation, rating normalization process and building the proposals as per the plan
• Interact with leadership team for comp review process
• Actively involved in the roll out and conclusion of the process
• Handle off cycle comp reviews
• Proactively review compensation of employees in the respective business segments based to internal comp, market comp and retention challenges

Variable Pay:

• Actively work on incentive scheme formation keeping in mind the role deliverables, productivity benchmarks and balance of Fixed to Variable ratio of the compensation.
• Work on incentive calculations, analysis and approval process.
• Monitoring of payout of Incentives.
• Work on the annual bonus plan budgeting, simulation and total variable pay impact linkages to business performance.
• Work with Business Team for finalizing the annual bonus plan.
• Interact with leadership team for comp review process.

Job Band and Pay Bands & Projects:

• Handle Job Evaluation for respective segment and work with the Job evaluation committee from time to time.
• Defining comp bands for the fast moving roles for hiring. Review and control the hiring ranges in line with agreed comp ranges.
• Work on various central projects cutting across the organization from HR process or product point of view.

Compensation Analytics:

• Comp Analytics pre, during and post compensation review cycle.
• Comp analysis basis internal, market benchmark data, hiring data and other market insights.
• Industry trends/ Market insights on compensation for the area of business.
• Variable pay linkage analysis with business output, productivity and earning analysis.
• Propose interventions based on comp analysis for retention, proactive corrections & productivity improvement.

Skills:

• MBA with specialization in HR or Masters in Statistics.
• Excellent data handling capability with hands-on experience in working on excel complex formulas.
• Knowledge of working on Macros and Power BI will be added advantage
• Excellent stakeholder management skills.
• Prior experience of 4 -5 years in HR with 1-2 years in compensation role.