Compensation Benefits Specialist

EdgeVerve; Bengaluru; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

EdgeVerve is seeking a senior compensation leader in Bengaluru to design and manage global pay programs. You will drive base pay structures, incentives, and cost optimization while aligning with business goals and regulatory requirements.

You will lead salary surveys, ensure internal equity, and partner with HRBPs and leaders to rollout compensation initiatives across regions. Strong analytical and communication skills are essential.

Qualifications

• Develop and implement compensation strategies aligned with business goals.
• Design base pay structures, incentive plans, and other benefits.
• Conduct job evaluations and market pricing to ensure competitive pay.
• Develop and implement sales compensation plans that align with company objectives.
• Benchmark compensation structures against industry standards.
• Oversee annual compensation cycles (merit increases, bonus payouts).
• Coordinate compensation practices across geographies.
• Ensure compliance with labor laws, tax regulations, and internal controls.
• Generate compensation reports and dashboards for leadership.
• Forecast compensation budgets and model cost impacts.

Responsibilities

• Develop and implement compensation strategies aligned with business goals.
• Lead salary surveys and benchmarking studies.
• Manage compensation systems and tools as applicable.
• Educate managers and employees on compensation philosophy and practices.
• Forecast compensation budgets and model cost impacts.
• Ensure accurate and timely calculation of commissions, bonuses, and incentives.
• Handle disputes and escalations related to compensation.
• Coordinate compensation practices across geographies.

Skills

Compensation strategy

Base pay design

Incentive design

Job evaluations

Market pricing

Cost optimization

Policy development

Stakeholder collaboration

Budget forecasting

Analytics & reporting

Salary surveys

Global & regional alignment

Communication

DEI metrics awareness

Job description

• Develop and implement compensation strategies aligned with business goals.
• Design base pay structures, incentive plans, and other benefits.
• Conduct job evaluations and market pricing to ensure competitive pay.
• Share inputs based on learning from previous iterations to enhance the value add of the function`s processes to the organization.
• Develop and implement sales compensation plans that align with company objectives.
• Collaborate with sales leadership, finance, and other stakeholders to ensure plans drive desired behaviors.
• Benchmark compensation structures against industry standards.
• Experience in driving cost optimization measures
• Maintain and update compensation plans, policies, and documentation.
• Ensure accurate and timely calculation of commissions, bonuses, and incentives.
• Manage exceptions, disputes, and escalations related to compensation.
• Lead salary surveys and benchmarking studies.
• Analyze compensation trends and provide insights to leadership.
• Maintain internal equity and external competitiveness.

4. Policy Development & Governance

• Create and maintain compensation policies and guidelines.
• Ensure compliance with labor laws, tax regulations, and internal controls.

5. Operational Execution/Program Deployment

• Oversee annual compensation cycles (e.g., merit increases, bonus payouts, Other compensation programs).
• Partner with HRBPs and business leaders during salary reviews / promotions/Roll out of various compensation programs
• Manage compensation systems and tools as applicable.

6. Stakeholder Collaboration

• Work with business leaders and other stakeholders on compensation decisions.
• Educate managers and employees on compensation philosophy and practices.
• Support organizational change initiatives (e.g., M&A, restructuring).

7. Reporting & Analytics

• Generate compensation reports and dashboards for leadership.
• Monitor pay equity, gender pay gap, and other DEI metrics.
• Forecast compensation budgets and model cost impacts of plan changes.

8. Global & Regional Alignment (As applicable)

• Coordinate compensation practices across geographies.
• Ensure alignment with global frameworks while respecting local norms.