Compensation Benefits Manager

7 years

0 Lacs

Posted:3 days ago| Platform: Linkedin logo

Apply

Work Mode

On-site

Job Type

Full Time

Job Description

Senior Manager – Compensation & Rewards

Key Responsibilities:

Compensation Strategy & Planning

  • Develop and execute the company’s

    compensation and rewards strategy

    in alignment with business goals and market competitiveness.
  • Lead

    annual compensation reviews

    , salary benchmarking, and pay structure design across levels and geographies.
  • Partner with business leaders and HRBPs to provide compensation insights for

    workforce planning, promotions, and retention cases

    .

Rewards & Recognition

  • Design and manage

    short-term and long-term incentive plans

    (STI/LTI) that drive performance and align with company objectives.
  • Oversee

    employee recognition programs

    that foster engagement and reward high performers.

Market Benchmarking & Analytics

  • Conduct

    market surveys

    and analyze compensation trends to ensure competitive positioning.
  • Provide

    data-driven insights and dashboards

    to guide decision-making on salary budgets, variable pay, and rewards.

Compliance & Governance

  • Ensure

    compliance with local labor laws, tax regulations, and internal policies

    related to pay and benefits.
  • Maintain

    pay equity and transparency

    across functions and levels.

Collaboration & Stakeholder Management

  • Partner closely with

    finance, HR operations, and business leaders

    to manage compensation budgets and headcount plans.
  • Present

    recommendations to senior leadership

    with clear rationale backed by data and market insights.
  • Key Requirements:

    • Education:

      MBA / Master’s degree in HR, Finance, or related field.
    • Experience:

      7+ years of progressive experience in

      Compensation & Benefits / Total Rewards

      roles, with at least 3–5 years in a managerial capacity.
    • Strong expertise in

      compensation benchmarking, incentive plan design, and analytics

      .
    • Advanced proficiency in

      Excel, HRIS, and compensation modeling tools

      (e.g., Mercer, Aon, Willis Towers Watson).
    • Exceptional

      analytical, problem-solving, and presentation skills

      .
    • Strong business acumen with the ability to influence senior stakeholders and drive change.

    Mock Interview

    Practice Video Interview with JobPe AI

    Start Job-Specific Interview
    cta

    Start Your Job Search Today

    Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.

    Job Application AI Bot

    Job Application AI Bot

    Apply to 20+ Portals in one click

    Download Now

    Download the Mobile App

    Instantly access job listings, apply easily, and track applications.

    coding practice

    Enhance Your Skills

    Practice coding challenges to boost your skills

    Start Practicing Now

    RecommendedJobs for You