Lead - Rewards/Compensation & Benefits - Financial Services/Consulting Industry - TISS/XLRI/FMS/MDI

Description:

Job Description: Lead Compensation and Benefits

Role Purpose:

This role will be responsible for designing, implementing, and managing compensation and benefits programs that align with Board approved Remuneration policy while being competitive within the local market.

Key Responsibilities:

Compensation Design:

- Develop and implement compensation frameworks (base, variable pay, incentives) aligned to business goals.

- Drive sales incentive design and implementation to support a performance-driven, sales-oriented culture.

- Conduct salary benchmarking, market analysis, and ensure pay competitiveness.

- Executive Compensation along with Long Term Incentive and Compensation planning and management including ESOP management.

Compliance and Governance:

- Ensure all compensation and benefits programs are aligned with Indian labour laws, tax requirements, and broader governance standards.

- Proactively monitor regulatory changes and associated risks to adapt our programs to meet evolving needs specifically in the event of new labour codes.

Employee Benefits:

- Lead all aspects of benefits offerings, including health, wellness, and retirement programs, ensuring alignment with employee needs and market practice in the India market.

HR Analytics & Budgeting:

- Lead the creation of dashboards, metrics, and advanced analytics to support evidence-based decision making.

- Drive pay-for-performance culture and ensure consistency in reward decisions.

Qualification and Requirements

Experience:

- 8-12 years of HR experience with strong focus on Compensation & Benefits, preferably in financial services or consulting.

Skills & Competencies

- Strong knowledge of Indian labour laws, tax implications, and benefits landscape.

- Proven expertise in compensation benchmarking, analytics, and market surveys.

- Experience in handling annual compensation review cycles, incentive planning, and benefits redesign.

- Proven track record in designing sales incentive plans, ESOP strategy, and executive compensation