Compensation & Benefit Specialist

Paytm; Dadri; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Paytm is seeking an experienced professional to manage its Compensation and Benefits function in Dadri, Uttar Pradesh. This role will support the implementation of various reward practices and compliance policies, acting as a key subject matter expert for compensation matters.

The ideal candidate will have a minimum of 6 years of relevant experience and an MBA in Human Resources. Responsibilities include compensation benchmarking, managing employee rewards programs, and supporting HR operations with analytics.

Qualifications

• Minimum of 6 years of experience in Compensation & Benefits.
• Specialized or cross‑functional knowledge relevant to the role.
• In-depth knowledge of concepts of India compensation & benefits and associated employment acts.

Responsibilities

• Conduct compensation benchmarking and ensure internal salary ranges are competitive.
• Manage the Employee Stock Option plan and assist in annual budgeting exercises.
• Provide support to line managers and HR on compensation-related operational matters.

Skills

Compensation Benchmarking

Data Analytics

Well‑versed with MS Excel

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 Role

This role will be responsible for supporting the implementation of a broad range of reward practices and compliance policies for the organization. It will be a key subject matter expert of the Compensation and Benefits functions locally, providing insights, consultation, and advice to Human Resources Business Partners and senior business leaders as required.

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

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.