Manager - Compensation & Benefits - Manufacturing OEM

Manager Compensation and Benifits (4-8 yrs)

We are hiring for a MNC company into Manufacturing OEM based Gurgaon.

Hiring Criteria:

- Full Time MBA

- Work Exp - 4+ Yrs

- 2 Yrs - in Comp & Benefits. At least 2 end to end PMS Cycles should have handled.

- Preference is for someone who has experience working in a LISTED Company however it is not mandatory.

Position Overview:

The Manager Compensation & Benefits will be responsible for designing, managing, and continuously enhancing the organizations compensation and benefits framework. The role will ensure internal equity, external competitiveness, regulatory compliance, and alignment of rewards with business objectives and talent strategy.

Key Responsibilities:

- Develop and manage compensation structures, salary bands, grades, and pay ranges across functions and levels.

- Drive annual compensation reviews, merit increases, promotions, and incentive/variable pay programs.

- Conduct market benchmarking and compensation surveys to ensure competitive positioning.

- Manage short-term and long-term incentive plans, including performance-linked compensation.

- Partner with HR Business Partners and business leaders on compensation decisions, offers, promotions, and retention cases.

- Ensure internal pay equity and identify opportunities to address compensation gaps.

- Design and administer employee benefits programs, including insurance, allowances, retirement benefits, leave benefits, and other employee welfare programs.

- Monitor compensation and benefits trends and recommend improvements based on market practices.

- Prepare compensation analytics, dashboards, and management reports to support strategic decision-making.

- Ensure compliance with applicable statutory and regulatory requirements related to compensation and benefits.

- Work closely with Finance and HR teams on compensation budgeting, manpower cost planning, and annual salary reviews.

- Support HR transformation initiatives, including HRMS/payroll implementation, compensation automation, and process improvement.

- Manage compensation-related queries and ensure effective communication of policies and programs to employees.

- Develop and maintain compensation policies, guidelines, and governance frameworks.

Candidate Profile:

- Degree in Human Resources, Business Administration, Finance, or a related discipline; MBA/PGDM in HR is preferred.

- Typically 1-3 years of experience in Compensation & Benefits, Total Rewards, or HR.

- Strong experience in compensation benchmarking, salary structuring, incentive design, and benefits administration.

- Good understanding of market compensation practices and statutory requirements.

- Strong analytical and numerical skills with proficiency in Excel and HR analytics tools.

- Experience in HRMS/HRIS and compensation management systems will be an advantage.

- Strong stakeholder management, communication, and influencing skills.

- Ability to handle confidential compensation information with a high degree of integrity and discretion.

Key Competencies:

Compensation Strategy - Total Rewards - Salary Benchmarking - Incentive Design - Benefits Management - Pay Equity - HR Analytics - Compensation Planning - HR Policy - Stakeholder Management - Data Analysis - Governance

Key Success Measures:

- Competitiveness and effectiveness of the compensation structure.

- Accuracy and timely completion of annual compensation cycles.

- Pay equity and internal compensation consistency.

- Employee benefits effectiveness and cost optimization.

- Compliance with statutory and organizational policies.

- Quality of compensation analytics and management insights.

- Stakeholder satisfaction and timely resolution of compensation matters.