Compensation And Benefits Specialist

Innovatives Investment Management Ltd.; Bengaluru; On-site; INR 1,400,000 - 2,200,000; Full time

Job summary

Innovatives Investment Management Ltd. in Bengaluru, India seeks a Compensation and Benefits Manager to design compensation packages and bonus programs aligned with the company’s strategic plan.

You will ensure compliance with labour laws, benchmark pay, analyze job roles, and create engaging rewards programs to attract and retain talent. Responsibilities include monitoring pay trends, drafting job descriptions, and evaluating benefit programs to maximize organizational value while supporting

Qualifications

• Experience as a Compensation and Benefits Manager or similar role.
• Knowledge of building compensation packages and bonus programs for various departments and seniority levels.
• Excellent understanding of job evaluation and job analysis systems
• Good analytical skills
• Familiarity with labor legislation
• Experience with salary benchmarking reports, employee satisfaction surveys
• Experience with rewards and recognition
• Graduation in Human Resources Management, Organizational Psychology, or relevant field.

Responsibilities

• Design compensation packages and bonus programs aligning with the company’s strategic plan.
• Ensure salaries and benefits comply with current legislation about human rights and pay equity.
• Identify trends and implement new practices to engage and motivate employees
• Conduct research on employee satisfaction (e.g. surveys and quantitative data)
• Renew compensation plans with monetary and non-monetary benefits based on employee needs.
• Keep track of prevailing pay rates and ensure competitive compensation plans
• Draft job descriptions, job analyses and classifications
• Structure compensation to yield the highest value for the organization
• Evaluate and report on the effectiveness of employee benefit programs Track compensation and benefits benchmarking data.

Skills

Analytical skills

Labor legislation

Benchmarking

Rewards recognition

Education

Bachelor’s degree in HR / related field

Job description

Role & responsibilities

Design compensation packages and bonus programs that align with the companys strategic plan.

Ensure salaries and benefits comply with the current legislation about human rights and pay equity.

Identify trends and implement new practices to engage and motivate employees

Conduct research on employee satisfaction (e.g. using surveys and quantitative data)

Renew our compensation plans with monetary and non-monetary benefits based on employee needs.

Keep track of prevailing pay rates and make sure we offer competitive compensation plans Draft job descriptions, job analyses and classifications

Structure compensation in ways that will yield the highest value for the organization

Evaluate and report on the effectiveness of employee benefit programs Track compensation and benefits benchmarking data.

Preferred candidate profile

Experience as a Compensation and Benefits Manager or similar role

Knowledge of building compensation packages and bonus programs for various departments and seniority levels

Excellent understanding of job evaluation and job analysis systems Good analytical skills

Familiarity with labor legislation

Experience with salary bench marking reports, employee satisfaction surveys

Experience with rewards and recognition

Graduation in Human Resources Management, Organizational Psychology, or relevant field.