Compensation & Benefits Role - BFSI

Job Responsibilities:

Daily responsibilities and duties of compensation & benefits and Analytics team member organized by HR.

Area include:

Compensation

- Assessing the organization's pay structures, highlighting and correcting the anomalies (if any)

- Monitoring the salaries being offered to the new employees against the defined hiring grid.

- Researching compensation trends and preparing the data compensation surveys

- Maintaining the historical data related to promotions, ctc changes and role movements.

- Making recommendations based on data analysis.

Benefits

- Administering the organization's Incentive policies.

- Coordinating with product teams for timely payout out of incentives.

- Researching and analyzing benefits plans, programs, and policies.

- Making recommendations based on data analysis.

Job Analysis

- Writing and revising job descriptions.

- Preparing and updating hiring grid.

- Making recommendations to managers regarding job descriptions, salaries, and classifications.