enArka - Specialist - Compensation & Benefits Management

Job Responsibilities :

1. Compensation Benchmarking : Ensure external competitiveness of internal salary ranges by benchmarking against competitors.

2. Conducts and analyze survey results to assist in comparing compensation and benefits plans, Participate in development of compensation and benefits policy.

3. Designing / refreshing Salary scale, monitors and analyzes competitive trends in compensation & benefits and evaluate alternatives to reduce costs and improve delivery.

4. Managing the Annual increment and incentive programs for the organization.

5. Annual planning, forecasting and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards and awards programs) for the organization.

6. Oversee administration of compensation programs and maintenance of required records for audit purposes

7. Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments

8. Monitors compensation trends within the organization and provide analytics to support operational efficiency

9. Talent Strategy: Work with business HR on talent attraction/ retention strategies by providing inputs on aspects like salary scale, hiring range, retention bonus, joining bonus, etc.

10. Compensation Programs: Keep abreast with new trend and best practice in C&B field. Participate in designing and revision of compensation-related policies and procedures

11. Understanding of Country compliance, acts and regulations, Ensure that compensation practices are in compliance with current laws and regulations.

Qualification:

- Masters: MBA in Human Resources with 7-8 years of work experience specialized in Compensation and Benefits management.

- In-depth knowledge of concepts & principal of India Compensation & Benefits, Employment acts, other companies' compensation & benefit programs. Data Analytics, Well versed with MS Excel.