Deputy General Manager - Compensation & Benefits & Payroll

Job Description :

End-to-End Payroll Operations :

- Manage monthly payroll processing for employees across multiple locations, ensuring 100% accuracy and adherence to timelines.

- Validate payroll inputs including attendance, leave records, overtime, incentives, reimbursements, arrears, full & final settlements, and statutory deductions.

- Coordinate with HR, Finance, and payroll vendors to ensure seamless payroll execution.

- Review payroll outputs, variance reports, reconciliation statements, and exception management reports.

Payroll Governance & Controls :

- Establish strong payroll controls and audit mechanisms to ensure compliance and data integrity.

- Conduct periodic payroll audits and reconciliations to identify discrepancies and implement corrective actions.

- Ensure confidentiality and security of employee compensation data.

- Drive payroll process improvements, automation initiatives, and system enhancements.

Statutory Compliance :

Ensure compliance with all applicable payroll-related statutory regulations including :

1. Provident Fund (PF)

2. Employee State Insurance (ESI)

3. Professional Tax (PT)

4. Labour Welfare Fund

5. Income Tax (TDS)

6. Gratuity

7. Bonus Act

8. Labour Codes and Wage Regulations

- Coordinate with statutory authorities, auditors, and internal stakeholders during audits and assessments.

Payroll Analytics & Reporting :

- Prepare payroll dashboards, headcount reports, cost analysis, manpower reports, and payroll variance analysis.

- Support budgeting and workforce cost forecasting exercises.

- Generate management reports on employee costs, compensation trends, and payroll metrics.

Compensation & Benefits Administration (Secondary Focus - 20%) :

Compensation Administration :

- Support annual salary review, increment, promotion, and compensation revision processes.

- Maintain salary structures, compensation databases, and pay governance frameworks.

- Assist in market benchmarking exercises and compensation competitiveness assessments.

- Support job evaluation and compensation analysis activities.

Variable Pay & Incentives :

- Administer annual bonus, incentive, and variable pay programs.

- Ensure accurate payout calculations and governance of incentive plans.

- Partner with business stakeholders to manage performance-linked reward programs.

Benefits Management :

Coordinate administration of employee benefits programs including :

1. Group Medical Insurance

2. Personal Accident Insurance