A Leading investment bank is looking for candidates with 3-5 years of experience in compensation and benefits: Key Responsibilities: Compensation Analysis and Strategy: - Conduct regular market research and analysis to ensure the organization's compensation packages remain competitive. - Develop and maintain a comprehensive compensation strategy that aligns with the company's goals and objectives. - Review and update job descriptions and classifications to ensure accurate compensation benchmarking. - Establish salary ranges, pay scales, and salary structures based on market data and internal equity. Benefits Administration: - Manage and administer employee benefits programs, including health insurance, retirement plans, wellness programs, and other perks. - Evaluate and select benefit providers and negotiate contracts to optimize cost-effectiveness and employee satisfaction. - Educate employees about their benefit options, facilitate enrollment, and address benefit-related inquiries and issues. - Monitor compliance with all applicable laws and regulations related to employee benefits. Compensation Planning and Implementation: - Develop and implement salary review and bonus programs, including merit-based increases and incentive plans. - Coordinate annual compensation planning, budgeting, and performance review processes. - Ensure equitable and fair compensation practices while adhering to legal requirements. Compliance and Reporting: - Stay up-to-date with federal, state, and local labor laws and regulations pertaining to compensation and benefits. - Prepare and submit required government reports, such as EEO-1, ACA, and retirement plan filings. - Collaborate with legal counsel to address any legal issues related to compensation and benefits. Employee Communication: - Communicate changes in compensation and benefits programs to employees through various channels. - Conduct employee presentations, workshops, or training sessions to enhance understanding of compensation and benefits packages. Data Analysis and Metrics: - Collect, analyze, and interpret compensation and benefits data to identify trends and opportunities for improvement. - Generate reports and metrics to support decision-making and measure the effectiveness of compensation and benefits programs.

Mumbai

Manager - Compensation & Benefits - BFS 

Job Description for Manager - Compensation & Benefits - BFS  in Nexus HR Consultants in  Mumbai for (3-5) years of experience. Apply Now!