Purpose of the Role:

The DGM Compensation & Benefits will be responsible for designing, implementing, and managing competitive and compliant compensation and benefits programs for a manufacturing organization. The role ensures alignment of C&B strategies with business objectives, cost optimization, statutory compliance, and employee engagement.

Key Responsibilities:

1. Compensation & Benefits Strategy and Administration:

- Design, implement, and manage competitive compensation structures including salary bands, grading systems, incentive plans, and performance-linked pay (PLP).

- Lead annual compensation review cycles, including increments, promotions, bonuses, and long-term incentive planning.

- Administer employee benefits programs such as medical insurance, accident insurance, gratuity, PF, superannuation, leave encashment, and other statutory & non-statutory benefits.

- Conduct regular market benchmarking and salary surveys to ensure internal equity and external competitiveness.

- Ensure compliance with all applicable labor laws and statutory regulations related to compensation and benefits (PF, ESI, Bonus Act, Gratuity Act, etc.).

2. Budgeting & Cost Management:

- Develop, manage, and control the HR compensation and benefits budget, including manpower costs.

- Monitor monthly and annual budget variances and provide detailed MIS and financial analysis.

- Forecast manpower costs based on business growth, capacity expansion, and strategic initiatives.

- Work closely with Finance and Business Heads to align HR cost planning with organizational budgets.

3. HR Analytics, Metrics & Reporting:

- Develop and maintain HR dashboards and key metrics related to compensation, benefits, manpower cost, and productivity.

- Prepare periodic reports and presentations for senior leadership on compensation trends, cost analysis, and ROI.

- Use data analytics to identify trends, risks, and opportunities for optimization and process improvement.

4. Employee Support & Communication:

- Act as a subject matter expert and point of contact for employee queries related to compensation, benefits, and payroll structures.

- Conduct employee communication sessions, workshops, and training programs on C&B policies and benefits enrollment.

- Ensure transparent, consistent, and effective communication of compensation and benefits policies across the organization.

5. Process Improvement & Governance:

- Drive continuous improvement initiatives in compensation and benefits processes using best practices and automation.

- Strengthen governance, controls, and audit readiness related to payroll and benefits administration.

- Support HR transformation initiatives, including HRIS enhancements and digitization.

Required Qualifications & Experience:

- MBA / PGDM in Human Resources or equivalent qualification.

- 8 -12+ years of progressive experience in Compensation & Benefits, preferably in a large manufacturing or industrial organization.

- Strong understanding of Indian labor laws, statutory compliance, and manufacturing workforce dynamics.

- Hands-on experience with HRIS, payroll systems, and financial management tools.

Key Skills & Competencies

- Ability to manage multiple projects and meet deadlines.

- Analytical Skills: Ability to analyze compensation and benefits data to make informed decisions.

- Attention to Detail: Precision in managing budgets.

- Communication Skills: Ability to explain complex information clearly and effectively to employees and management.

- Strategic Thinking: Ability to align compensation and benefits programs with the organizations strategic goals.