Compensation & Benefit Specialist

One97 Communications Limited; Dadri; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Paytm in India is seeking a seasoned Compensation & Benefits specialist to lead external benchmarking, policy development, and annual compensation planning. You will manage the Employee Stock Option plan and provide analytics to senior HR leaders, ensuring competitive pay structures aligned with Indian regulations.

Ideal candidates bring 6+ years in C&B, strong data analytics, and MBA in HR, with cross-functional collaboration experience to partner with business leaders.

Qualifications

• Minimum of 6 years of experience in Compensation & Benefits.
• Specialized or cross-functional knowledge required by the role.
• In-depth knowledge of India compensation & benefits concepts and employment acts.
• Strong data analytics capabilities and MS Excel proficiency.
• MBA in Human Resources or equivalent degree.

Responsibilities

• Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by benchmarking against comparators.
• Conducts and analyses survey results to assist in comparing compensation and benefits plans.
• Participates in the development of compensation and benefits policy.
• Managing the Employee Stock Option plan.
• Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards, and awards programs).
• Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments.
• Monitors compensation trends within the organization and provides analytics to support operational efficiency.
• Provide ongoing support to line managers and HR on operations matters related to compensation
• Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.
• Provide support in Annual Reports, AGMs and other statutory requirements

Skills

Compensation & Benefits

Cross-functional knowledge

Data Analytics

MS Excel

India compensation & benefits

Employment acts

Compensation programs

Education

MBA in Human Resources

Job description

About Us:

Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

About the Team:

Because you get an opportunity to make a difference, and have a great time doing that. You are challenged and encouraged here to do stuff that is meaningful for you and for those we serve. We are successful, and our successes are rooted in our people's collective energy and unwavering focus on the employees, and that's how it will always be change management in Human Resources

About the role:

This role will be responsible for supporting the implementation of a broad range of reward practices and compliance policies for the organization. This role is a key subject matter expert of the Compensation and Benefits functions locally; the role provides local insights, consultation, and advice to Human Resources Business Partners and senior business leaders as required. key responsibilities in order of importance and specify the approximate amount of time, e.g. in % related to the typical business cycle).

Expectations/ Requirements:

1. Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by benchmarking against comparators.

2. Conducts and analyses survey results to assist in comparing compensation and benefits plans.

3. Participates in the development of compensation and benefits policy.

4. Managing the Employee Stock Option plan.

5. Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards, and awards programs).

6. Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments.

7. Monitors compensation trends within the organization and provides analytics to support operational efficiency.

8. Provide ongoing support to line managers and HR on operations matters related to compensation

9. Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.

10. Provide support in Annual Reports, AGMs and other statutory requirements

Superpowers/ Skills that will help you succeed in this role:

1. Specialist with a minimum of 6 years of experience in Compensation & Benefits.

2. Specialized or cross-functional knowledge / relevant experience required by the position/role.

3. In-depth knowledge of concepts & principal of India compensation & benefits, employment acts, and other companies' compensation & benefits programs.

4. Data Analytics, Well-versed with MS Excel.

Education :

Must be an MBA in Human Resource or any equivalent degree.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.