10.0 - 12.0 years

4 - 10 Lacs

Mumbai, Maharashtra, India

On-site

Compensation Management: Develop and maintain competitive compensation structures for various job levels and functions. Assisting in evaluations and market surveys to ensure salary ranges remain competitive and equitable and ensure positions are classified correctly and compensated fairly. Monitor and analyse compensation trends and recommend adjustments to salary structures. Assist with salary benchmarking and ensure internal equity. Support the annual salary review process, ensuring consistency and fairness. Benefits Administration: Administer employee benefits programs, including health insurance, retirement plans, and wellness initiatives. Communicate benefits offerings clearly to employees and assist with enrolment, changes, and claims processes and help addressing their queries. Compliance & Reporting: Ensure compensation and benefits practices comply with local, state, and federal regulations. Prepare and submit periodic reports related to compensation, benefits, and workforce analytics. Assist in creating and maintaining policies and procedures related to compensation and benefits. Employee Communication & Support: Provide guidance and support to employees on compensation and benefits-related questions or concerns. Organize and lead training sessions on compensation and benefits programs. Develop communication materials and presentations to promote employee engagement and understanding of available benefits. Data Analysis & Optimization: Analyze compensation and benefits data and provide recommendations for program improvements or adjustments Payroll Process Qualifications Education: Bachelor's degree in Human Resources, Business Administration, or a related field. Relevant HR certifications (e.g., Certified Compensation Professional (CCP), Certified Employee Benefit Specialist (CEBS)) are a plus. Experience: 10 to 12 years of relevant experience in compensation and benefits Strong knowledge of compensation structures, benefits programs, and legal requirements related to employee compensation and benefits. Hands-on experience working with external benchmarking agencies such as Mercer, Hewitt, Aon, and Cerberus to analyze market data and adjust compensation structures. Skills & Competencies: Strong analytical skills and the ability to interpret complex data. Excellent communication skills, both written and verbal, with the ability to explain complex concepts in an easy-to-understand manner. High attention to detail and strong organizational skills. Ability to maintain confidentiality and handle sensitive information. Strong understanding of employment laws and regulations related to compensation and benefits.

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