About PhonePe Limited:
Headquartered in India, its flagship product, the PhonePe digital payments app, was launched in Aug 2016. As of April 2025, PhonePe has over 60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40+ million) merchants. PhonePe also processes over 33 Crore (330+ Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore.PhonePe’s portfolio of businesses includes the distribution of financial products (Insurance, Lending, and Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus AppStore Localized App Store for the Android ecosystem) in India, which are aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.
Culture:
At PhonePe, we go the extra mile to make sure you can bring your best self to work, Everyday!. And that starts with creating the right environment for you. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. PhonePe-rs solve complex problems and execute quickly; often building frameworks from scratch. If you’re excited by the idea of building platforms that touch millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us!
Role Overview
Lead C&B will play a critical role in developing and implementing comprehensive compensation programs that attract, retain and motivate employees. Monitors the job market, latest trends in the compensation and benefits and reviews/recommends best practices for the organization without major impact on costs. Manages the compensation policies and procedures with flexibility while keeping the internal equity and the external competitiveness in mind.
Detailed responsibilities :
Compensation
- Lead the design, implementation, and administration of all compensation programs, including base salary structures, variable pay plans, equity incentives
- Manage the annual compensation review cycle, including salary adjustments, promotions and bonuses
- Conduct regular benchmarking and analysis of compensation and benefits practices to ensure competitiveness and compliance with market trends and legal requirements.
- Collaborate with HR business partners and other stakeholders to provide guidance and support on compensation and benefits-related matters, including job evaluations, salary reviews, and benefits enrollment.
- Monitor expenditure against targets and implement adjustments for financial sustainability. Provide regular reporting on budget performance and variance analysis to senior leadership
- Design and administration of ESOP Plan for the organization
Benefits Administration:
- Oversee the management and administration of employee benefits programs, including health and welfare plans, retirement savings plans, and other employee benefits.
- Participate in market studies on topics related to benefits including but not limited to employee benefits trends, emerging practices, wellness, etc
- As a Benefits subject matter expert, support design and implementation of benefits programs, policies, and procedures.
- Evaluate and recommend changes to benefits offerings to ensure they meet the needs of our employees and remain competitive in the market
- Participate in renewal of insurance plans and other regular Benefits programs/functional projects.
- Support partner engagement, documentations and benefits communication towards an effective execution
- Collaborate with external vendors and brokers to negotiate contracts, resolve issues, and optimize the delivery of benefits services.
Qualification
- Master in human resources with 4-6 years of experience from Tier 1 (XLRI, MDI, SIBM & TISS)
- Awareness of employment laws and regulations related to rewards and benefits.
- Good understanding of compensation structures, employee benefits, incentives, and recognition programs.
- Excellent analytical and problem-solving skills, with the ability to interpret and analyze complex data.
- Proficiency in using HR information systems and compensation software tools.
- Strong attention to detail and accuracy in all aspects of work
PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
- Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
- Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
- Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
- Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
- Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
- Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy
Our inclusive culture promotes individual expression, creativity, innovation, and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity, ideas and debates, where diverse perspectives lead to deeper understanding and better quality results. PhonePe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of gender, sexual preference, religion, race, color or disability. If you have a disability or special need that requires assistance or reasonable accommodation, during the application and hiring process, including support for the interview or onboarding process,
please fill out this form.
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