Compensation Benefits Manager

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CTC

Role Overview:

For a BFSI client of ours, we are seeking a dynamic and data-driven professional to lead the Total Rewards and Compensation & Benefits (C&B) strategy. The role is pivotal in ensuring alignment of reward systems with business goals, driving employee retention and engagement through effective pay practices, and providing deep analytics to inform decision-making.

Key Responsibilities:

• Design and implement total rewards strategies (compensation, benefits, variable pay, long-term incentives) in alignment with organizational goals.
• Lead the Annual Operating Plan (AOP) process for workforce costs, ensuring cross-functional alignment with Finance and Business Heads.
• Conduct detailed manpower planning in collaboration with talent acquisition and business partners.
• Develop and manage compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.
• Drive data-driven insights and design dashboards and analytics around rewards, headcount, productivity, and cost trends.
• Partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews.
• Own the annual performance-linked bonus and salary revision cycles, including system readiness, communication frameworks, and payout governance.
• Support HRBP teams and leaders with C&B advisory, job evaluations, and compensation structuring for offers and promotions.
• Ensure compliance with internal reward governance policies and applicable statutory requirements.

Key Requirements:

• 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.
• Postgraduate degree in HR / MBA from a recognized institute.
• Deep understanding of manpower planning, AOP, total rewards, C&B frameworks, and incentive design.
• Strong analytical and numerical ability with proficiency in Excel, PowerPoint, HR dashboards, and compensation tools.
• Experience in handling large data sets, deriving insights, and presenting to senior leadership.
• Ability to work cross-functionally, manage multiple stakeholders, and maintain high attention to detail.