Compensation Specialist

Ace Recruitment & Placement Consultants Pvt. Ltd.; Mumbai City; On-site; INR 400,000 - 800,000; Full time

Job summary

An established industry player is seeking an Associate Consultant to enhance their Compensation & Benefits programs. This role involves strategic planning, managing employee benefits, and ensuring data integrity within HRIS systems. The ideal candidate will have proven experience in a similar role, strong analytical skills, and a keen attention to detail. Join a dynamic team where your contributions will directly impact employee satisfaction and compliance with legal standards. This is a fantastic opportunity for those looking to advance their career in HR within a collaborative and supportive environment.

Qualifications

• Proven experience as a Compensation & Benefits Specialist or similar role.
• Strong analytical skills and proficiency in advanced Excel functions.

Responsibilities

• Assist in strategic planning and execution of compensation and benefits programs.
• Maintain and update employee compensation and benefits records in HRIS.

Skills

Analytical Skills

Communication Skills

Problem-Solving Skills

Attention to Detail

Education

Bachelor’s degree in Human Resources

Certification in Compensation

Tools

SAP SuccessFactors

Oracle HCM

HRIS systems

Job description

Associate Consultant at Ace Recruitment & Placement Consultants Pvt. Ltd.

Responsibilities:

1. Assist the Head of Compensation & Benefits in the strategic planning and execution of compensation and benefits programs.
2. Process and manage complex employee benefits enrolments, changes, and terminations.
3. Maintain and update employee compensation and benefits records in HRIS systems, ensuring data integrity, carrying out changes in the employee master on account of any changes in compensation.
4. Conduct regular audits of benefits and compensation data to ensure accuracy and compliance with legal requirements.
5. Prepare and distribute comprehensive benefits and compensation communications to employees, generate Increment / Promotion letters.
6. Respond to and resolve complex employee inquiries regarding benefits and compensation policies and procedures.
7. Assist in the preparation of detailed reports and presentations for senior management.

Requirements:

1. Proven experience as a Compensation & Benefits Specialist or similar role.
2. Strong analytical skills, including proficiency in statistical analysis, data modeling, and advanced Excel functions.
3. Extensive experience with HRIS and compensation management software (e.g., SAP SuccessFactors, Oracle HCM).
4. In-depth knowledge of employment laws and regulations related to compensation and benefits.
5. Excellent communication skills to convey policies and benefits to employees.
6. High attention to detail for accurate data management and reporting.
7. Strong problem-solving skills and the ability to handle complex issues.

Preferred Qualifications:

1. Bachelor’s degree in Human Resources, Business Administration, or a related field.
2. Certification in Compensation.

Seniority Level:

Mid-Senior level

Employment Type:

Full-time

Job Function:

Other

Industries:

Manufacturing