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SHV Energy
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Manager/Sr Manager - Compensation & Benefits

Manager/Sr Manager - Compensation & Benefits

SHV Energy

5 - 10 years

10 - 20 Lacs

Hyderabad

Posted:1 month ago| Platform:

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Skills Required

Benefits Administration Salary Benchmarking Payroll Benchmarking Compensation And Benefits HRIS Bonus Job Evaluation

Work Mode

Work from Office

Job Type

Full Time

Job Description

Role & responsibilities Compensation Strategy & Management: Design and implement compensation structures, salary benchmarking, and pay scales aligned with industry standards. Conduct annual salary reviews, market analysis, and compensation surveys to ensure competitive pay. Develop incentive programs, bonuses, and long-term rewards to enhance employee performance. Manage job evaluations and ensure internal pay equity and fairness. Benefits Administration: Oversee employee benefits programs, including health insurance, retirement plans, wellness programs, and leave policies. Partner with vendors and brokers to optimize employee benefits offerings and negotiate competitive packages. Ensure timely renewals, cost control, and compliance with statutory requirements for benefits administration. HR Analytics & Compliance: Analyze compensation data, create reports, and provide insights on trends affecting employee remuneration. Ensure compliance with labor laws, tax regulations, and company policies related to compensation & benefits. Lead audits and governance for payroll and benefits-related matters. Stakeholder & Vendor Management: Collaborate with HR business partners, finance teams, and senior management for budgeting and payroll planning. Manage relationships with third-party benefits providers, insurance companies, and payroll vendors. Employee Communication & Support: Develop and execute communication plans to educate employees on C&B policies, perks, and total rewards programs. Address employee queries related to salary, benefits, and compensation structure.

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Manager/Sr Manager - Compensation & Benefits