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Compensation & Benefits Specialist

12 - 14 years

30 - 35 Lacs

Posted:2 weeks ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Compensation & Benefits Specialist We are seeking a highly experienced and analytically strong Compensation & Benefits Specialist to lead the design, development, and governance of compensation frameworks, total rewards strategies, job evaluations, and internal equity programs. This critical role involves establishing robust pay philosophies, building internal grade structures, and executing comprehensive salary benchmarking independently and without external consultants . Key Responsibilities 1. Compensation Strategy & Pay Structure Development Design, implement, and continuously refine the companys compensation framework. Define and manage salary structures, pay ranges, and compensation levels based on role criticality, job families, and market intelligence. Establish compensation percentiles (25th, 50th, 75th), define range spreads, and calculate grade overlaps. Develop broadbanding strategies and horizontally structured job families to ensure internal equity and support career progression. 2. Job Evaluation and Grading Perform internal job evaluations using Hays-certified methodology or comparable logic-based frameworks. Build and maintain structured job families, grades, and role architectures tailored to manufacturing, engineering, and corporate functions. Define and manage compensation range percentages (e.g., 80%–120%) and overlaps between grades using structured formulae. Develop and maintain tools and templates for evaluating job levels and salary alignment. 3. Benchmarking & Market Intelligence Independently conduct salary benchmarking exercises using internal data and market insights. Create peer comparisons relevant to industries such as solar, manufacturing, and renewable energy to guide compensation decisions. Use pay ratios and competitive analysis to position the organization effectively in the market. 4. Total Rewards Design Design and administer all components of the Total Rewards framework: Compensation Benefits Recognition Performance Management & Career Development Align total rewards strategy with employee engagement, retention, and performance goals. 5. Rewards & Recognition Build and execute scalable rewards and recognition programs that reflect company culture and business objectives. Measure program effectiveness using internal KPIs and ROI analysis, and make data-driven refinements. Qualifications Postgraduate degree in HR, Business Administration, or a related discipline from a reputed institution. 12–14 years of hands-on experience in Compensation & Benefits, preferably within manufacturing, solar, or renewable sectors. Certification in Hays or Mercer Job Evaluation methodology is preferred. Advanced Excel and data modeling skills; familiarity with HR analytics and reporting tools. Proven ability to drive C&B benchmarking and job evaluation processes independently. Key Competencies Strategic Thinking & Analytical Reasoning Data-Driven Decision Making Meticulous Attention to Detail Strong Communication & Stakeholder Management Integrity, Confidentiality & Compliance Business Acumen & Market Awareness Preferred Exposure Designing broadband and flexible job structures Experience in job architecture and branding initiatives Participation in organizational restructuring or transformation projects

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Randstad
Randstad

Staffing and Recruiting

Atlanta GA

1001-5000 Employees

893 Jobs

    Key People

  • Linda Galipeau

    CEO - Randstad North America
  • Tom Hart

    Chief Financial Officer (CFO)

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