Lead- Compensation & Benefits

5 - 9 years

0 Lacs

Posted:1 week ago| Platform: Shine logo

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Work Mode

On-site

Job Type

Full Time

Job Description

As an experienced Compensation and Benefits Manager, you will play a crucial role in designing, reviewing, and implementing compensation frameworks, salary structures, and incentive programs to align with the business strategy. Your key responsibilities will include: - Partnering with business leaders and HRBPs to ensure fair and consistent compensation practices. - Leading annual compensation benchmarking, budgeting, and appraisal processes. - Overseeing employee benefits programs such as insurance, retirement, and wellness to ensure cost-effectiveness and employee satisfaction. - Developing and managing recognition and reward initiatives to enhance performance and engagement. - Monitoring industry trends, conducting market analysis, and maintaining competitive positioning. - Ensuring compliance with local labor laws, tax regulations, and statutory requirements. - Leveraging HR analytics and dashboards to provide insights on compensation effectiveness and workforce costs. - Managing vendor relationships for benefits programs and negotiating contracts to optimize value. To excel in this role, you should possess the following key skills and competencies: - Strong expertise in compensation strategy, job evaluation, and benefits design. - Analytical mindset with proficiency in HR analytics, compensation benchmarking, and modeling. - Ability to balance strategic thinking with hands-on execution. - Strong stakeholder management and influencing skills. - Excellent knowledge of labor laws, tax regulations, and compliance requirements. - High attention to detail, with strong numerical and problem-solving skills. Your role as a Compensation and Benefits Manager will be pivotal in driving the organization's compensation practices and ensuring employee satisfaction and engagement through effective reward programs and benefits management.,

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