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Compensation Benefits Manager

ConfidentialNavi Mumbai

4 days ago

Job description

Role & responsibilities

The AM / Manager Comp & Ben will play a key role in providing strategic and operational support to the company. The compensation and benefits manager will analyze data to determine the best pay and benefits plans for the company. The incumbent will also monitor trends affecting pay and benefits and assess ways for their organization to improve practices or policies.

Preferred candidate profile

1. Compensation Strategy

Designing competitive salary structures tailored to different job roles and levels.
Benchmarking against industry standards to ensure alignment with market trends.
Creating variable pay plans, including bonuses, incentives, and performance-linked rewards.

2. Benefits Management

Managing employee benefits such as health insurance, retirement plans, and wellness programs.

Offering IT-specific perks like tech equipment allowances, remote work support, or skill-development budgets.

Designing flexible benefit plans to meet diverse employee needs.

3. Performance and Reward Systems

Linking pay to performance and reward systems.

Managing the Merit increment process

Establishing frameworks for promotions, salary increases, retention and ESOP management.

4. Compliance and Policies

Ensuring compliance with local labour laws on compensation and company policies.

Custodian of policies & SOPs

5. Analytics and Insights

Using data analytics to assess the effectiveness of compensation and benefits programs.

Identifying gaps and recommending adjustments to enhance employee retention.

6. Employee Communication

Educating employees about their compensation structure, benefits, and any new policies.

Ensuring transparency in C&B practices to build trust within the workforce

Role : C & B Management

Industry Type : IT Services & Consulting

Department : Human Resources

Employment Type : Full Time, Permanent

Role Category : Compensation & Benefits

Education

UG : Any Graduate

Skills Required

Benefits Administration, Compensation Management, Compensation Benchmarking, Benefits, esop, Rewards, Pms, salary benchmarking, Compensation, Total Rewards, Compensation And Benefits, Employee Benefits, Performance Management

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Manager Compensation • Navi Mumbai