8 Compensation Strategy Jobs

Bachelors degree in human resources, business administration, finance, or a related field; a Masters degree is preferred. Certified Compensation Professional (CCP) and/or Certified Employee Benefit Specialist (CEBS) designations are advantageous. 10+ years of experience in compensation, benefits administration, or human resources management. Strong understanding of the legal requirements and regulations affecting compensation and benefits programs. Excellent analytical skills and the ability to interpret and communicate data. Strong leadership and team management skills. Proficient with HRIS (exposure to SAP systems will be an added advantage) and compensation management software tools. Excellent communication and interpersonal skills.

We are seeking a detail-oriented and analytical Compensation and Benefits Specialist to support India HR team in designing, managing, and administering competitive compensation and benefits programs. The ideal candidate will bring expertise in pay structures, market analysis, and managing employee benefits plans while ensuring compliance with local regulations and company policies. POSITION DESCRIPTION: Collaborate with HR and leadership to align compensation strategies. Implement and administer compensation structures, including salary bands, incentive programs, and merit cycles. Conduct job evaluations and benchmarking to ensure competitive pay practices. Prepare and analyze compensation data for reviews and adjustments. Manage the day-to-day administration of employee benefits programs, including health insurance, retirement plans, leave policies, and wellness initiatives. Support benefits enrollment processes, including educating employees and resolving queries. Conduct regular audits of benefits programs to ensure accuracy and compliance. Partner with the Global compensation team to develop strategies for India that attract and retain top talent. Provide guidance to managers and employees on compensation and benefits policies. Support HR projects related to workforce planning, employee engagement, and organizational changes. Prepare and submit required reports for government agencies and internal audits. Monitor legislative changes and update policies and programs accordingly. Leverage HRIS tools (Workday, Excel) to analyze compensation and benefits data. Generate insights and reports to inform decision-making and identify opportunities for improvement. MINIMUM REQUIREMENTS: Qualification: Bachelor's degree in Human Resources, Business Administration, or a related field. 3-5 years of experience in compensation and benefits management. Familiarity with market benchmarking tools (e.g., Mercer, Radford, or similar) and HRIS platforms like Workday. Strong understanding of compensation structures, job evaluation methods, and benefits administration. Advanced analytical skills with proficiency in Excel and data visualization tools. Expertise in market benchmarking and compensation analysis. In-depth knowledge of benefits programs and related compliance requirements. Excellent communication and interpersonal skills. Attention to detail and ability to maintain confidentiality.

HR Policy Drafting & Management / Strategic Human Capital Planning & Structuring Compensation Strategy & Management/ HR Process Implementation/ Payroll/ Performance Management/ Labor Compliance. Key Responsibilities: Draft and manage HR policies aligned with organizational goals and legal requirements Drive strategic human capital planning, including workforce structuring to support long-term business objectives Develop and manage compensation strategies that are competitive and equitable Implement standardized HR processes to improve operational efficiency Oversee end-to-end payroll processing and ensure statutory compliance Manage performance appraisal systems and support leadership in decisions related to increments, promotions, and development planning.

Role & responsibilities: Compensation Strategy & Benchmarking Design, review, and implement C&B structures aligned with business goals and market competitiveness. Conduct annual compensation benchmarking using market surveys and internal parity assessments. Recommend compensation changes for India and overseas geographies based on data and trends. Collaborate with finance and leadership for annual compensation planning and budgeting. Benefits Administration Design and manage employee benefits for both on-roll and off-roll staff including insurance, rewards, variable pay, wellness programs, and statutory benefits. Customize benefits for regional regulations and cultural fit in India, Middle East, and Singapore. Partner with third-party vendors, insurance providers, and brokers to manage benefit programs. Compliance & Governance Ensure adherence to local statutory and labor law requirements in all countries of operation. Monitor changes in compensation-related laws and adjust policies accordingly. Maintain audit-ready documentation and SOPs for all C&B processes. Payroll Coordination & Audits Partner with payroll and finance teams to ensure accurate and timely disbursal of salaries, incentives, and benefits for both on-roll and off-roll staff. Conduct periodic audits to identify gaps, leakages, or inefficiencies. Off-roll Workforce Management Define compensation frameworks and engagement programs for third-party manpower. Coordinate with staffing agencies to standardize pay, benefits, and welfare practices Preferred candidate profile MBA/PGDM in HR or related field. 5-10 years of experience in Compensation & Benefits, preferably in a fast paced, multi-geography setup. Experience handling both on-roll and off-roll workforce. Familiarity with Indian labor laws and global C&B compliance frameworks (especially Middle East & Singapore). Strong analytical skills and proficiency in Excel, HRMS, and compensation tools. Excellent stakeholder management and cross-cultural communication skills.

Job Roles & Responsibilities : Compensation Strategy & Management: Lead the development and execution of the company's compensation strategy, ensuring alignment with business objectives and competitive market positioning. Oversee the design and administration of salary structures, job grades, and bonus/incentive plans. Manage annual compensation review cycles, ensuring data-driven decisions on pay increases, promotions, and bonuses. Analyze and benchmark compensation data to ensure competitive positioning and internal equity. Partner with senior leadership to develop and implement compensation plans that attract, retain, and motivate top talent. Benefits Administration: Oversee the design, implementation, and management of employee benefits programs, including health, wellness, retirement plans, insurance, and other employee perks. Ensure benefits offerings are competitive, cost-effective, and aligned with employee needs and expectations. Manage vendor relationships for benefits providers and regularly assess plan performance and employee satisfaction. Develop and communicate benefits strategies and policies to employees to ensure understanding and engagement. Compliance & Regulatory Management: Ensure compliance with all local, state, and central government laws and regulations related to compensation, benefits, and labor practices. Conduct regular audits to ensure policies and practices are compliant and identify areas for improvement. Stay up-to-date with changing labor laws, compensation regulations, and benefits trends, and proactively adjust company policies as necessary. Lead the preparation and submission of any government filings and reports related to compensation and benefits programs. Team Leadership & Development: Lead, mentor, and develop a high-performing HR team specializing in compensation, benefits, MIS and compliance. Build strong cross-functional relationships with other HR teams (Talent Acquisition, Employee Relations, etc.) and business leaders. Provide guidance on complex compensation-related matters, internal equity issues, and benefits program concerns. Reporting & Analytics: Develop and deliver regular reports and analytics related to compensation and benefits program performance, cost management, HR metrics and employee satisfaction. Use data to drive decisions and continuous improvement of compensation and benefits offerings. Provide leadership with insights into the effectiveness of compensation and benefits programs and recommendations for changes or enhancements. Education & Experience: Minimum Bachelor's degree in Human Resources, Business Administration, or related field. Minimum 12 years of HR experience, with at least 5 years in a leadership role managing compensation, benefits, and compliance in a large, fast-paced BPO environment. Strong knowledge of HR policies, practices, and legal regulations related to compensation, benefits, and compliance, especially within the BPO industry. Experience in designing, managing, and bench marking compensation structures, incentive plans, and benefits programs for large-scale, multi-location operations. Proven experience with HRIS systems, compensation and benefits software, and data analytics tools. Skills & Competencies: Strategic thinker with the ability to align compensation and benefits programs to business objectives and employee needs. Strong analytical skills with the ability to interpret data and make informed recommendations. Excellent communication and interpersonal skills, with the ability to engage effectively with executives, employees, and external partners. Deep understanding of compensation and benefits legislation, tax laws, and industry best practices. Demonstrated ability to manage complex projects, work under pressure, and meet deadlines. Strong leadership, team management, and mentoring

Summary The role will manage, design, and enhance the organizations compensation structures and benefits programs. This role will ensure alignment with both business goals and employee needs, ensuring competitive compensation and benefits offerings while adhering to legal, regulatory, and internal guidelines. Your role in our mission Key Responsibilities : 1. Compensation Strategy and Design: Develop, implement, and manage the organizations compensation philosophy and strategy. Design and maintain salary structures, pay grades, and incentive programs. Conduct market research and benchmark salary data to ensure competitive compensation offerings. (Preferably worked with AON) Oversee and ensure the proper implementation of merit increases, promotions, and incentive programs. Provide leadership and consultation on compensation-related matters, ensuring alignment with organizational goals. 2. Benefits Program Management: Oversee the administration of employee benefits programs, including health insurance, retirement plans, wellness programs, and other perks. Work with external vendors and brokers to negotiate and evaluate benefit offerings and pricing. Monitor and ensure compliance with applicable benefits regulations Collaborate with HR to design and communicate benefits offerings effectively to employees. 3. Data Analysis and Reporting: Conduct regular analysis of compensation and benefits data to identify trends, gaps, and areas for improvement. Develop and present reports to senior management and leadership teams on compensation and benefits performance and costs. 4. Compliance and Legal Knowledge: Ensure that all compensation and benefits programs comply with relevant laws and regulations, including state and local labour laws, benefits regulations, and tax laws. Regularly review and update policies to ensure compliance with changing legal requirements. 5. Employee Education and Communication: Conduct training or informational sessions for employees and managers to better understand compensation policies and benefits programs. Serve as the main point of contact for employees seeking clarification about their compensation and benefits packages. 6. Performance Management and Reward Systems: Partner with the HR team and management to integrate compensation and benefits with overall performance management and employee recognition programs. Advise leadership on reward strategies that support talent retention, motivation, and attraction. 7. Project Management: Lead or participate in various compensation and benefits-related projects, such as system upgrades, benefits open enrollment, or compensation redesigns. Stay current with industry trends and make recommendations for new compensation/benefit structures that align with emerging practices or organizational changes Required Skills and Qualifications: Experience : 7 to 10 years of experience in compensation and benefits Education : MBA HR preferred Certifications : Professional certifications preferred Technical Expertise: Proficiency in SAP SF systems, payroll systems, and data analysis tools (e.g., Excel, Power BI). Knowledge : Strong understanding of compensation and benefits structures, labor laws, market trends, and best practices in total rewards. Analytical Skills : Strong quantitative and qualitative analysis skills, with the ability to interpret complex data and generate actionable insights. Communication Skills : Excellent written and verbal communication skills to interact effectively with employees, management, and external vendors. Preferred Skills: Ability to lead change and innovation in compensation/benefits offerings. Global compensation knowledge for multinational organizations. Experience with advanced data analysis or predictive modeling techniques in compensation. Ability to work independently, as part of a team and lead others as and when required.

Compensation and Benefits Specialists are responsible for providing compensation and benefits advisory services to and supporting partners in implementing reward, recognition, motivation and retention programs. They are functional compensation and benefits specialist, supporting the people organization with their compensation and benefits programs. Job Description - Grade Specific Produces deliverables within own discipline. Focus is on learning how to work in a team environment to deliver responsibilities in a timely and quality manner. Typically requires guidance by a more senior practitioner. Usually works in team and full-time on a single project.

We are looking for an experienced Compensation and Benefits Professional with 8-12 years of experience to manage and enhance our compensation and benefits programs. This role will involve designing competitive compensation structures, overseeing benefits administration, and ensuring compliance with legal requirements while aligning programs with business goals. Role & responsibilities: Compensation Management: Design and manage salary structures, incentive plans, and perform market benchmarking to ensure competitive pay Provide compensation recommendations and reporting in the areas of data analytics, performance management and compensation administration Support in job banding review preparation; analyze job responsibilities, activities, duties, requirements and organizational structure Support to reviewing offers; to develop compensation packages for internal and external hires Support the implementation and ongoing compensation administration systems and Workday application program Support the year-end compensation planning process through performance management process Collaborate with HR Partners and Recruiters on compensation related issues and questions Assist in C&B analytics to get useful insight to drive C&B actions Support Managers and HRBPs as needed in day-to-day activities and/or special compensation or research projects Benefits Administration: Oversee employee benefits programs, manage vendors, and ensure smooth delivery of health, insurance, and retirement plans Compliance & Policy Development: Ensure adherence to local labor laws and develop/uphold compensation and benefits policies Employee Communication: Act as a point of contact for employee queries and enhance transparency regarding total rewards programs Collaboration: Work with HR, finance, and leadership to align compensation strategies with business goals Preferred candidate profile 8-12 years of experience in Compensation and Benefits, preferably in a corporate environment Bachelors degree in HR, Business, Finance, or related field Strong knowledge of compensation structures, benefits programs, and labor laws Proficiency in HRIS systems and data analysis tools Excellent communication, analytical, and interpersonal skills Certification in Compensation and Benefits (e.g., CCP, GRP) Experience with global compensation and benefits practices Proficiency in HRIS and Excel for data analysis and reporting About Sigmoid Sigmoid is a leading provider of Data Analytics Services, specializing in serving clients in the F500/1000 space, globally. We empower these companies to unlock the full potential of their data, make data-driven decisions, and gain a competitive edge in the market. Our innovative solutions and dedicated team of experts have made us a trusted partner for our clients worldwide.