Compensation and Benefits Specialist

HrRoll; Bengaluru; On-site; INR 500,000 - 700,000; Full time

Job summary

HrRoll in Bengaluru, Karnataka is seeking a Compensation and Benefits Specialist to oversee and administer employee rewards and benefits. You will manage compensation projects and design policies to enhance employee satisfaction and performance.

The ideal candidate will have proven experience in compensation management, strong analytical skills, and a BS degree in Human Resources or related field. This role offers a comprehensive view of the pay structure within the organization and the experience working with external compensation consulting firms.

Qualifications

• Proven working experience as a compensation and benefits specialist.
• Prior experience in HR practices and compensation cycle management.
• Working knowledge of job evaluation and job analysis systems.

Responsibilities

• Prepare and monitor compensation and benefits budget.
• Coordinate salary and bonus planning processes.
• Design and develop compensation policies and schemes.

Skills

Compensation and benefits management

Analytical skills

HR practices

Job evaluation

Organisational psychology

Education

BS degree in human resources, business administration or finance

Tools

HRIS

MS Office

Job description

Job Description

We are looking for a Compensation and Benefits Specialist to oversee and administer the employee’s perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organisational trust and satisfaction.

Key Responsibilities

• Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget
• Coordinates C&B processes like the salary planning, bonus planning, new benefits introduction, etc.
• Designs and develops compensation policies
• Analyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitiveness
• Designs and develops different schemes of the variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office and Enabling functions)
• Closely cooperates and manages the relationship with the external compensation consulting company
• Leads and manages compensation projects for the entire organization
• Participates as the team member in the strategic projects and initiatives
• Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs)
• Trains line managers in the complex usage of different HR and Compensation policies
• Advices top managers in taking difficult decisions in the area of compensation, benefits and motivation of employees
• Manages, leads and develops C&B Analysts
• Represent the organization at different HR conferences

Qualifications

Requirements

• Proven working experience as a compensation and benefits specialist
• Prior experience in HR practices and compensation cycle management
• Working knowledge of job evaluation and job analysis systems
• Previous experience with organisational psychology and labour market surveys
• Adequate knowledge of current labour rules and regulations
• Familiarity with various types of incentives and benefits
• Extensive knowledge of HRIS and MS Office
• Strong quantitative and analytical skills
• BS degree in human resources, business administration or finance

Salary: Industry Standards