Manager/Deputy Manager/Manager - Compensation - BFSI

Sector: Financial Services

Department: Human Resources

Role: Deputy Manager/Manager - Compensation & Benefits

Roles & Responsibilities

- Design compensation structures, allowances, salary ranges and incentive programs across Organization.

- Plan & Operationalize new benefits initiatives across Organization.

- Develop, analyze and report metrics related to C&B programs and processes.

- Perform analytics on internal and external equity, benefits & incentive effectiveness, increment impact, etc.

- Perform Job Benchmarking Study across Organization.

- Drive Compensation Surveys and Benchmarking Studies.

- Develop targeted education programs and communication material on compensation & benefits offerings.

- Provide Functional Expertise and support to Talent Acquisition Team.

- Manage escalations related to Compensation and benefits Issues.

- Ensure Compensation & Benefits Policies are in compliance with current legislation. Advice and implement processes related to ESIC, Minimum Wages, Bonus, NPS etc. and hand over the implemented system to Operations team.

- Drive digital transformation of C&B processes.

- Conduct ongoing research into emerging trends, issues, and best practices. Drive innovation based on the same.

Requirements

- Full Time Masters Diploma/Degree in Human Resources

- 3 to 8 years of experience in HR function with at least 2 years of experience in Compensation & Benefits.

- Good numerical, analytical & problem-solving skills.

- Ability to objectively analyze current practices, identify improvement opportunities, and lead the implementation and change/transition scenarios.