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01/06 Pallavi Sirohi
Consultant at Michael Page

Views:2298 Applications:102 Rec. Actions:Recruiter Actions:0

Compensation & Benefits/Payroll Specialist - Shared Service Center (8-12 yrs)

Bangalore Job Code: 578781

This role requires very good stakeholder management in a matrix team structure. The individual should be driven and structured with very good communication skills. Strong knowledge of payroll with experience in vendor management is a must have. Candidate must have conducted salary benchmarking, structuring and grading.

Role Description:

- Determine stated and unstated client needs by continuously engaging with internal and external stakeholders

- Managing annual and quarterly headcount projections across the organization and preparation of the corresponding budgets

- Track budget v/s actual variance, RCA and remedial actions

- Validation of new hire payroll inputs, F & F Settlements

- Prevailing tax laws of the land and adhere to the statutory needs as per the tax laws

- Preparation and/or validation of salary variance inputs

- Working with the finance team on the month on month variances and reports change in the components

- Front-end employee queries on payroll, benefits and work towards customer delight

- Handle escalations and exceptions with both internal as well as external stakeholders to drive desired outcomes

- Drive a culture of knowledge sharing and cross utilization of work products and solutions

- Structure all work products, insights & solutions to drive balance between our documentation guidelines and client preferences

- Drive quality assurance across all deliverables and ensure compliance to organization norms and standards

- Publish dashboards and relevant metrics

- Work with internal and external audit teams to ensure compliance

- Streamline processes and lead the automation efforts

Ideal Candidate Experience:

- Domain knowledge: India Payroll, Total rewards strategy, Benefits Administration, Statutory Compliance and remittance, Vendor management, Tax structures and Automation efforts, Leave and Time off data reconciliation

- Compensation and benefits strategic understanding

- India payroll execution including leave, time off, bonus structure and incentives

- Industry best practices in compensation fitment and total rewards strategy

- Budgets: Hiring budget management, cost projection

- Rewards: Total rewards strategy including benefits administration

- Statutory Compliance: Timely remittance of statutory payments related to payroll

- Stakeholder Management: External stakeholder management including vendors and financial institutions

- Internal stakeholders include Business Heads, HR peer group and Business enabling functions

- HR metrics: Reports on variance, budgets v/s actuals, pay sheet check and controls, ad-hoc reports

- Exposure to HRMS including HCM and payroll modules, preferably Workday

- Team management including work allocation, tracking progress and reporting improvements

- Knowledge of Income tax laws, benefit schemes including GPA, GTL, GMC

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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