Lead - Compensation & Benefits

Welspun World

Ahmedabad District

On-site

INR 1,400,000 - 2,200,000

Full time

4 days ago

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Job summary

Welspun Transformation Services Limited, the shared services arm of Welspun, is seeking a Lead - Compensation & Benefits to design and govern the Total Rewards strategy across GCC. You will lead annual compensation planning, governance, job architecture, market benchmarking, and analytics. Collaborating with Group HR COE, HR Finance and business leaders, you will drive data-driven decisions using Power BI and HRIS to shape pay-for-performance and LTIP programs.

Qualifications

10–14 years of relevant experience in compensation and benefits within Shared Services or similar industries.
MBA in HR or Finance with specialization in HR/Finance.
Proficient English and Hindi language skills.

Responsibilities

Lead design, governance and execution of Total Rewards strategy and job architecture.
Drive annual compensation planning, merit budgeting and executive compensation analysis.
Govern compensation policies, pay ranges and governance frameworks; ensure external competitiveness and internal equity.
Partner with Group HR COE, HR Finance and business leaders to develop budgets and reward investments.
Develop dashboards and analytics using Power BI/HRIS to inform leadership decisions.

Skills

Attention to Detail

Stakeholder Management

Communication skill

Collaboration

Education

Masters in Business Administration

Tools

Power BI

HRIS

Excel

Job description

Job Title

Lead - Compensation & Benefits

About Welspun World

Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.

At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.

About Welspun Entity

Welcome to Welspun Transformation Services Limited (WTSL., where innovation, digital transformation, and customer-centric excellence come together. As part of the Welspun Group, we are at the forefront of automation and business services, working across industries with a focus on cutting-edge technologies such as AI, ML, and RPA. Refer privacy policy - https://welhire.ai/privacy_policy.html. Since our founding in August 2018 with 92 employees, we've grown to over 500 members across multiple locations, showcasing our commitment to operational excellence and inclusivity. At WTSL, we prioritize diversity, with 34% women in our workforce and flexible policies like maternity, paternity, and menstrual leave. Our goal is to increase female representation to 40%. We foster a family-like work environment through initiatives like Fam-Jam and wellness programs, and our Great Place to Work certification highlights our commitment to employee well-being.

Working at WTSL means being part of impactful projects for global clients, while growing professionally through extensive learning opportunities. Join us as we continue our transformational journey, where your ideas and contributions will be valued, and you can make a meaningful impact in the world of business services.

Job Purpose/ Summary

The Compensation & Benefits Lead will lead the design, governance, and execution of Welspun GCC's Total Rewards strategy, ensuring compensation programs are competitive, equitable, performance-driven, and aligned with business objectives.

Job Description

The role will be responsible for driving compensation strategy, annual compensation planning, performance-linked rewards, compensation governance, job architecture, and market benchmarking while partnering closely with the Group HR COE to ensure enterprise-wide alignment. The incumbent will leverage compensation analytics, workforce insights, and digital reporting to enable data-driven decision-making and continuously strengthen the organization's Total Rewards framework.

Responsibility

Design implement and continuously enhance the organizations Total Rewards strategy aligned with business objectives and Group HR COE guidelines
Develop and govern compensation philosophy salary structures pay ranges compensation policies and governance frameworks
Ensure compensation programs are externally competitive internally equitable financially sustainable and aligned with business priorities
Drive compensation governance for promotions transfers new hires internal movements compensation exceptions and salary approvals
Ensure compliance with statutory regulations audit requirements and internal compensation governance standards
Lead the endtoend Annual Compensation Review process including merit planning budgeting salary increase recommendations variable pay planning and executive compensation analysis
Partner with HR Finance and Business Leaders to develop annual compensation budgets and optimize reward investments
Manage offcycle compensation reviews retention adjustments market corrections promotion increases and critical talent interventions
Provide strategic recommendations to leadership on compensation investments affordability and market competitiveness
Partner with business leaders and HR to strengthen the payforperformance philosophy across the organization
Design review and administer variable pay programs productivitylinked incentive plans retention programs project incentives and other performancebased reward initiatives
Partner with the Performance Management function to ensure reward outcomes are aligned with organizational and individual performance
Evaluate the effectiveness of compensation and incentive programs through measurable business and workforce outcomes
Lead compensation benchmarking using leading market surveys and external data sources
Conduct market pricing compensation modelling pay positioning and internal equity reviews
Monitor compensation trends emerging reward practices and industry benchmarks to recommend improvements to Total Rewards programs
Partner with Talent Acquisition to develop competitive compensation strategies for hiring critical talent
Design and maintain the organizations Job Architecture including Job Families Job Levels Job Hierarchy Career Frameworks and Role Mapping
Lead job evaluation exercises and ensure consistent role grading across the organization
Develop and maintain standardized job descriptions in collaboration with business leaders and HR Business Partners
Support organizational restructuring workforce transformation and organization design initiatives through effective compensation governance
Support the design implementation and governance of ESOPs LongTerm Incentive Plans LTIPs and other strategic reward programs
Develop reward strategies that strengthen attraction engagement retention and longterm value creation
Design and continuously enhance employee benefits programs to ensure market competitiveness and employee value
Partner with external consultants insurers and benefits providers to optimize benefit offerings employee experience and cost effectiveness
Periodically review benefit utilization cost trends and employee feedback to recommend improvements
Lead Compensation Analytics and Workforce Analytics to support strategic business and people decisions
Develop executive dashboards using Power BI advanced Excel and HR Analytics tools to provide realtime insights into compensation and workforce metrics
Analyze compensation costs merit spend salary competitiveness comparatios pay mix salary compression pay inversion internal equity and reward effectiveness
Build predictive models and scenario analyses for annual compensation planning workforce planning hiring budgets and retention investments
Monitor key metrics including compensation competitiveness productivity incentives attrition offer acceptance pay equity reward ROI and workforce productivity
Translate complex workforce and compensation data into meaningful insights executive presentations and strategic recommendations for leadership and Group HR COE
Drive automation and digitization of compensation reporting through HR systems dashboards and selfservice analytics
Partner closely with Group HR COE to ensure alignment with enterprisewide reward philosophy policies and governance
Collaborate with HR Business Partners Talent Acquisition Payroll Finance Business Leaders and senior leadership on compensation decisions and workforce planning
Provide expert guidance on compensation strategy organization design promotions career progression and retention strategies
Continuously review compensation frameworks policies and reward programs to ensure alignment with evolving business needs and market practices
Identify opportunities to simplify automate and enhance compensation processes through technology and analytics
Lead strategic Total Rewards projects and support organizational transformation initiatives