Compensation & Benefit Specialist

Paytm Payments Services; Dadri; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Paytm Payments Services in India seeks a seasoned Compensation & Benefits professional to drive external benchmarking, policy development, and annual budgeting for salary and benefits. You will partner with HRBP leaders to ensure competitive compensation structures across the organization.

The role requires hands-on analytics, expertise in India employment acts, and ownership of the Employee Stock Option plan, annual salary reviews, and incentive programs.

Qualifications

• MBA in HR or equivalent degree.
• Minimum 6 years of experience in Compensation & Benefits.
• In-depth knowledge of India compensation & benefits and employment acts.

Responsibilities

• Implement a broad range of reward practices and compliance policies.
• Benchmark external competitiveness of internal salary ranges.
• Manage the Employee Stock Option plan and annual salary reviews.
• Participate in annual budgeting for direct costs related to employees.

Skills

Data Analytics

MS Excel

Compensation & Benefits knowledge

Education

MBA in Human Resource

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.

1. Conducts and analyzes survey results to assist in comparing compensation and benefits plans.

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

3. Managing the Employee Stock Option plan.

4. Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and

benefits, annual increments, incentives, rewards, and awards programs).

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

adjustments.

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

efficiency.

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

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

3. 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.

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

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