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Petroexcel Technology - Compensation & Benefits Specialist

Petroexcel Technology - Compensation & Benefits Specialist

Petroexcel Technology Services Private LimitedBaroda, India
22 days ago
Job description

Job Title : Compensation & Benefits (C&B) Specialist

Location : Vadodara, Gujarat

Experience : 8 to 11 Years

Industry : Manufacturing / Engineering / Industrial

Function : Human Resources - C&B

Education : MBA / PGDM - HR (Tier 1 / 2 Institutes Preferred)

About the Role :

We are looking for a passionate and detail-oriented Compensation & Benefits (C&B) Specialist to join our Human Resources Shared Services team. This role will play a pivotal part in driving strategic compensation practices, ensuring statutory compliance, and implementing effective reward strategies to attract, retain, and motivate talent.

The position reports directly to the Head / Lead - Human Resources Shared Services.

Key Responsibilities :

Payroll Management :

  • Ensure timely and accurate monthly payroll processing by collaborating with HR Operations and Finance teams, covering bonuses, incentives, and all statutory deductions (PF, ESI, TDS, etc.).

Salary Structure Design :

  • Develop competitive and compliant salary structures. Design and monitor performance-linked incentive plans aligned with business goals.
  • Statutory Compliance :

  • Ensure 100% compliance with Indian labor laws including Minimum Wages Act, Payment of Bonus Act, Gratuity Act, and Provident Fund Act.
  • Salary Benchmarking & Market Analysis :

  • Conduct compensation benchmarking exercises, analyze industry compensation trends, and recommend adjustments to maintain internal and external equity.
  • Cost Analysis & Budgeting :

  • Forecast compensation costs and prepare budgets for salary revisions, performance bonuses, and benefit enhancements.
  • HRIS & Data Management :

  • Maintain updated compensation data in systems like Darwinbox and SAP SuccessFactors. Generate dashboards and analytics for leadership.
  • Job Evaluation & Grading :

  • Implement and maintain a transparent job evaluation and grading framework ensuring role clarity and internal parity.
  • Audit & Compliance :

  • Support internal and external audits related to payroll and benefits. Ensure timely documentation and closure of observations.
  • Annual Appraisal Process :

  • Lead and finalize the compensation revision process post annual performance reviews.
  • Key Qualifications :

  • MBA / PGDM in Human Resources from a reputed institute
  • 8-11 years of experience in Compensation & Benefits
  • Strong understanding of Indian statutory labor laws and compliance requirements
  • Proficiency in HRIS platforms (Darwinbox, SAP SuccessFactors preferred)
  • Experience in salary benchmarking and job grading methodologies
  • Skills Required :

  • Job Evaluation & Grading
  • Payroll Management & Taxation
  • Salary Benchmarking & Market Analysis
  • Statutory Compliance & Audits
  • Data Analysis (MS Excel, Power BI preferred)
  • Budgeting & Cost Planning
  • Behavioral Competencies :

  • Analytical & Detail-Oriented
  • Strong Time Management
  • Execution Excellence
  • Flexibility & Adaptability
  • High Result Orientation
  • What We Offer :

  • Opportunity to work in a dynamic and performance-driven environment
  • Competitive compensation and benefits
  • Exposure to strategic HR functions and cross-functional collaboration
  • Strong focus on compliance, analytics, and HR technology
  • Add following details in resume :

    Compensation and Availability Details :

    Current CTC :

    Expected CTC :

    Notice Period :

    Is your notice period negotiable? (Yes / No)

    Are you open to relocating to Vadodara? (Yes / No / Already based in Vadodara)

    (ref : iimjobs.com)

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    Compensation Specialist • Baroda, India

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