Manager - Compensation & Benefits

Careernet; Bengaluru; Hybrid; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Health insurance

Job summary

Careernet in Bengaluru seeks a seasoned Compensation & Benefits Manager to lead total rewards, design salary structures, and manage benefits programs. You will oversee annual compensation cycles, job evaluations, and benchmarking while ensuring regulatory compliance.

Proficiency in HRIS and Advanced Excel is essential to produce dashboards and insights for leadership. Collaboration with HR and business teams is critical for success.

Qualifications

• Must have experience in compensation and benefits management, including total rewards strategy and execution.
• Proven ability to manage annual compensation cycles such as merit reviews, promotions, and incentive programs.
• Hands-on experience in job evaluation, market benchmarking, and salary structure design.
• Expertise in managing benefits programs, including health insurance and employee benefit schemes.
• Proficiency in HRIS systems for data management, reporting, and process automation.
• Advanced Excel skills for data analysis, reporting, and dashboard creation.
• Strong understanding of regulatory compliance and internal policies related to compensation and benefits.
• Ability to analyze compensation data, identify trends, and provide actionable insights.
• Strong stakeholder management and communication skills to collaborate with HR and business teams.

Responsibilities

• Manage annual compensation cycles, including merit increases, promotions, corrections, and incentive payouts.
• Conduct job evaluations and market benchmarking.
• Design and maintain salary ranges and compa-ratio frameworks.
• Own operational execution within HRIS, including data updates, validations, reporting, and audit readiness.
• Manage end-to-end benefits programs, including health insurance and statutory/voluntary benefits.
• Develop and maintain compensation and benefits dashboards and management reports.
• Ensure compliance with statutory, regulatory, and internal C&B policies.
• Drive automation and process improvement initiatives across compensation planning and benefits administration.

Skills

Total rewards strategy

Annual compensation cycles

Job evaluation

Salary structure design

Benefits programs management

HRIS data management

Advanced Excel

Regulatory compliance

Data analysis and insights

Stakeholder management

Education

MBA in Finance

Bachelor’s degree in finance or related field

Tools

HRIS

Excel

Job description

Key Skills: Health Insurance, Total rewards, Compensation and Benefits, HRIS, Excel

Roles and Responsibilities:

• Manage annual compensation cycles, including merit increases, promotions, corrections, and incentive payouts
• Conduct job evaluations and market benchmarking
• Design and maintain salary ranges and compa-ratio frameworks
• Own operational execution within HRIS, including data updates, validations, reporting, and audit readiness
• Manage end-to-end benefits programs, including health insurance and statutory/voluntary benefits
• Develop and maintain compensation and benefits dashboards and management reports
• Ensure compliance with statutory, regulatory, and internal C&B policies
• Drive automation and process improvement initiatives across compensation planning and benefits administration

Skills Required:

• Strong experience in compensation and benefits management, including total rewards strategy and execution, is essential.
• Proven ability to manage annual compensation cycles such as merit reviews, promotions, and incentive programs is required.
• Hands-on experience in job evaluation, market benchmarking, and salary structure design is important.
• Expertise in managing benefits programs, including health insurance and employee benefit schemes, is necessary.
• Proficiency in HRIS systems for data management, reporting, and process automation is expected.
• Advanced Excel skills for data analysis, reporting, and dashboard creation are required.
• Strong understanding of regulatory compliance and internal policies related to compensation and benefits is important.
• Ability to analyze compensation data, identify trends, and provide actionable insights is essential.
• Strong stakeholder management and communication skills to collaborate with HR and business teams are required.

Education:

Any graduation (MBA/bachelor's degree in finance or related field preferred).