Manager- Compensation & Benefits

Job Title: Manager- Compensation & Benefits

Location: Chennai

Job Summary:

Compensation & Benefits Manager

Key Responsibilities:

Compensation:

• Design, implement, and manage competitive compensation structures (base pay, variable pay, bonuses, and incentives).
• Conduct salary benchmarking and market analysis to ensure internal equity and external competitiveness.
• Oversee annual compensation review cycles including merit increases, promotions, and bonus planning.
• Provide guidance on job evaluations, leveling, and salary ranges.

Benefits:

• Manage employee benefits programs (health insurance, retirement plans, wellness programs, etc.).
• Evaluate and recommend improvements to existing benefits offerings.
• Liaise with vendors and brokers to ensure optimal service and cost efficiency.
• Handle employee queries related to benefits and ensure smooth enrollment and claim processes.

Compliance & Reporting:

• Ensure adherence to all labor laws, tax regulations, and internal policies.
• Maintain documentation for audits and regulatory inspections.
• Generate HR reports and analytics on compensation, benefits usage, and payroll metrics.

Stakeholder Collaboration:

• Work closely with HR Business Partners, Finance, and Legal on C&B-related strategies and policies.
• Provide consultative support to management on compensation and payroll issues.

Requirements:

• Education:

   Masters Degree in HR preferred

Experience: