Compensation & Benefits

Navi; Bengaluru; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Navi is seeking a Senior Compensation Strategy & Governance professional to lead pay architecture and governance across functions and locations in Bengaluru. You will partner with Talent Acquisition and leadership to design competitive structures, ensure equity, and drive data-backed decisions that shape Navi's total rewards approach.

The role requires strong analytics, stakeholder management, and deep knowledge of local labor laws and compensation practices.

Qualifications

• MBA / PGDBM (Preferably in Human Resources)
• 4+ years of experience in HR with at least 4 years of Core Compensation Design and Administration experience
• Proficient in independently conducting market benchmarking exercises with external vendors
• Strong Analytical Skills: Ability to analyze data, think logically, and comfortable working with numbers and statistics
• Excellent Communication Skills: Both written and oral, with the ability to collaborate effectively with stakeholders from diverse backgrounds
• Ability to handle conflict resolution and engage in tough conversations
• Demonstrates a strong sense of integrity and takes ownership of responsibilities
• Ability to think outside the box and address unstructured problem statements confidently
• Proficient in MS Office suite and Google Sheets

Responsibilities

• Develop and implement a comprehensive compensation strategy that aligns with business objectives and talent priorities.
• Oversee the design, review, and execution of salary structures, incentive programs, and ESOPs, ensuring internal equity and external competitiveness.
• Define and maintain pay philosophy and governance frameworks, ensuring consistency across levels, functions, and locations.
• Conduct market benchmarking and compensation surveys to provide insights that inform pay decisions.
• Ensure compliance with local labor laws, tax regulations, and governance standards related to compensation and benefits.
• Partner closely with the Talent Acquisition team to drive compensation fitments for new hires, ensuring internal and external pay parity across the organization.
• Facilitate internal talent movements across entities and teams, ensuring equitable pay transitions and alignment with compensation philosophy.
• Develop compensation scenarios for salary increments and variable pay, ensuring alignment with budgets, business strategy, and market benchmarks.
• Lead the annual and mid-year compensation review processes, including merit increases, promotions, and bonus payouts.
• Present organization-wide compensation analysis and gap reports, incorporating comparator baskets and industry insights.
• Evaluate and optimize total rewards programs, including allowances, short-term incentives, and long-term incentives, to improve employee satisfaction and retention.
• Provide compensation training to HR business partners, managers, and leadership teams on pay philosophy, merit processes, bonuses, and other rewards programs.

Skills

4+ years HR experience

Strong Analytical Skills

Excellent Communication Skills

Conflict Resolution

Integrity & Ownership

Think Outside the Box

Pay equity knowledge

Education

MBA / PGDBM

Tools

MS Office suite

Google Sheets

Job description

About the Role

The Human Resources and People Strategy team at Navi manages the entire employee lifecycle, from talent acquisition and HR operations to employee engagement and development. They partner closely with both tech and non-tech business teams to design and implement strategies that attract, retain, and develop top talent, ensuring a thriving, high-performance organizational culture.

This role sits at the intersection of strategy, governance, and execution, shaping Navi’s approach to compensation and benefits as a critical enabler of talent and business success. You’ll drive programs that ensure pay equity, competitiveness, and transparency, while partnering across functions to design scalable, data-backed solutions. It’s a role that requires sharp analytical thinking, strong stakeholder management, and a deep understanding of how rewards influence behavior, performance, and culture.

What We Expect From You

Compensation Strategy and Governance

• Develop and implement a comprehensive compensation strategy that aligns with business objectives and talent priorities.
• Oversee the design, review, and execution of salary structures, incentive programs, and ESOPs, ensuring internal equity and external competitiveness.
• Define and maintain pay philosophy and governance frameworks, ensuring consistency across levels, functions, and locations.
• Conduct market benchmarking and compensation surveys to provide insights that inform pay decisions.
• Ensure compliance with local labor laws, tax regulations, and governance standards related to compensation and benefits.
• Partner closely with the Talent Acquisition team to drive compensation fitments for new hires, ensuring internal and external pay parity across the organization.
• Facilitate internal talent movements across entities and teams, ensuring equitable pay transitions and alignment with compensation philosophy.

Compensation Administration and Communication

• Develop compensation scenarios for salary increments and variable pay, ensuring alignment with budgets, business strategy, and market benchmarks.
• Lead the annual and mid-year compensation review processes, including merit increases, promotions, and bonus payouts.
• Present organization-wide compensation analysis and gap reports, incorporating comparator baskets and industry insights.
• Evaluate and optimize total rewards programs, including allowances, short term incentives, and long-term incentives, to improve employee satisfaction and retention.
• Provide compensation training to HR business partners, managers, and leadership teams on pay philosophy, merit processes, bonuses, and other rewards programs.

Must Haves

• MBA / PGDBM (Preferably in Human Resources)
• 4+ years of experience in the field of HR (with at least 4 years of Core Compensation Design and Administration experience)
• Proficient in independently conducting market benchmarking exercises with external vendors
• Strong Analytical Skills: Ability to analyze data, think logically, and comfortable working with numbers and statistics
• Excellent Communication Skills: Both written and oral, with the ability to collaborate effectively with stakeholders from diverse backgrounds
• Ability to handle conflict resolution and engage in tough conversations
• Demonstrates a strong sense of integrity and takes ownership of responsibilities
• Ability to think outside the box and address unstructured problem statements confidently
• Proficient in MS Office suite and Google Sheets

About Navi

We are on a mission to make finance simple, accessible and affordable for a billion Indians. Guided by a strong customer-first approach, we are building tech-first solutions that work at scale. Our offerings include a range of financial products and services across Loans, Insurance, Mutual Funds, Digital Gold and UPI.

Founded by Sachin Bansal & Ankit Agarwal in 2018, we are one of India’s fastest-growing financial services organisations. But we’re just getting started!

To know more about us, our work, people, culture, values etc., check out navi.com/careers.

Our Culture

At Navi, we’re a place where ambition meets opportunity and ideas turn into impact quickly. We empower people with high ownership from the start, encouraging them to solve meaningful problems and build with excellence. Teams here work in an environment that values speed, collaboration and craftsmanship, while celebrating learning, growth and shared wins along the way. Whether you’re shaping the future of fintech products or driving innovation behind the scenes, life at Navi means being part of a high-energy, talent-driven workplace where your contributions truly make a difference.

We’re guided by our own operating system - The Navi OS - a set of principles that shape how we work and win together. You can explore them at navi.com/careers/values-at-navi to see what drives us every day.

If this feels like you, Navi is the place to grow, thrive and make a real impact.