Manager/AVP - Compensation & Benefits - BFSI/ITeS

Compensation & Benefits

Location : Bangalore

Qualification : MBA HR (Top Tier institutes)

Summary:

- Responsible for overseeing the compensation and benefits division of a company.

- Analyzes compensation data within an organization and evaluates job positions to determine classification and salary.

- Administers employee insurance, pension and savings plans and works with insurance brokers and plan carriers.

Primary Responsibilities:

- Designing, overseeing and implementing a firm’s compensation and benefits programs.

- Monitor salary structures, balancing staffing needs with cost controls, and ensuring that policies, procedures and programs are in alignment with the organization’s overall strategic objectives and HR vision.

- consulting with internal business partners, such as department heads and management, to assess benefits, compensation and compliance .

- To educate, mentor and train HR staff on processes and best practices within these areas. Staying on top of changing federal and state employee benefits regulations, as well as the shifting needs of an organization’s workforce, are also important aspects of this job.

- Required to research and make recommendations on increasingly complex retirement and insurance plans.

- Additional duties include evaluating competitor compensation and benefits packages, creating policies and procedures, monitoring the payroll interface to ensure compliance and data integrity, and managing third-party HR vendor resources such as brokers and consultants. HR compensation and benefits mangers work closely with management, providing feedback on related HR functions and processes. They are typically responsible for accurate data collection and analysis, as well as maintaining accurate employee records.

Above mentioned are generic details