Compensation & Benefits - Mumbai

Acura Solutions; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Acura Solutions is seeking a compensation specialist to design and manage total compensation and benefits in alignment with our strategy. You will shape pay philosophies, ensure compliance with laws, and use data-driven methods for direct, indirect, and non-financial rewards.

You will assess employee needs through surveys, prepare job analyses and classifications, and participate in market surveys to set competitive rates.

Qualifications

• Experience in designing total compensation and benefits programs.
• Knowledge of pay equity, HR laws and compliance.

Responsibilities

• Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our companys strategy and business goals.
• Develop a consistent compensation philosophy in line with work culture and organisational objectives.
• Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)
• Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations
• Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees
• Prepare job descriptions, job analysis, job evaluations and job classifications
• Participate in salary and labour market surveys to determine prevailing pay rates and benefits
• Differentiate pay systems to invest in the segments of workforce that contribute the most value
• Deploy effective communication strategies and success metrics
• Conduct ongoing research into emerging trends, issues and best practices
• Conduct periodic audits and prepare reports.

Job description

Role & responsibilities

• Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our companys strategy and business goals
• Develop a consistent compensation philosophy in line with work culture and organisational objectives
• Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)
• Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations
• Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees
• Prepare job descriptions, job analysis, job evaluations and job classifications
• Participate in salary and labour market surveys to determine prevailing pay rates and benefits
• Differentiate pay systems to invest in the segments of workforce that contribute the most value
• Deploy effective communication strategies and success metrics
• Conduct ongoing research into emerging trends, issues and best practices
• Conduct periodic audits and prepare reports.