Senior Specialist - Compensation and Benefits

Your future duties and responsibilities:

• Compensation including Variable/Ownership PlansPartner with the local HR during annual appraisal cycle and ensure the data is accurate and free from any errorLaise with HR Business partners for releasing the salary hike letters and ensure that members have discussions with their managers before the payoutHas knowledge to prepare, track the annual compensation review budget
• Report monthly budget utilization, update and reconciliation of salary pay components
• Discrepancies if any, to be highlighted with HR Shared Services team & Business partners for rectification etc
• Work closely with the Talent Planning (Workforce management team) to review jobs using the job framework of survey house
• Laise with vendors or internally to share data for benchmarking etc
• Support and execute regional team on special projects, shares expertise and has a good knowledge on the ERP, Compensation Tools, country best practices, insights on the current compensation trend, variable/performance pay,
• ownership plans/ESOPs, changes in the legislation, compliance and/or statutory requirements, compensation-based labour laws/regulations, retiral benefits for locals as well as foreign national working in the country
• Handle compensation related queries in a timely manner Insurance BenefitsPartner with the Insurance brokers in designing policies, manage end to end renewal process, build employee communication strategy, facilitate enrollments and support HR Business partners to drive participations
• Work closely with the regional TC team and coordinate with the Insurance broker and other BAU related to Insurance activity management, including support in empanelment of insurance vendor, coordinate with the internal and external stakeholders to complete necessary documentations as part of the new vendor evaluations like the GDPRReview annual renewals & invoices and advise management and accounts payable for fund transfersAnalyze and share utilization summary
• Present key metrices and prepare the team for negotiations during the renewalVerify/calculate insurance premium deductions as part of the member contributions and advising payroll for the recoveryManage employee queries and manage claim utilization end to end with the Insurer and brokerHas overall understanding of the working conditions and other benefits policy matters

Required qualifications to be successful in this role: