Manager - Compensation & Benefits

Paytm; Dadri; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Paytm is seeking a Compensation & Benefits specialist to support implementation of compensation practices and compliance policies across the organization. This role serves as a SME for local C&B, providing insights to HRBP and leaders, and supporting annual budgeting for direct employee costs.

Strong Excel analytics and 6+ years of C&B experience are required. The ideal candidate holds an MBA in HR and will work with the HR function to ensure competitive salary structures and compliance with

Qualifications

• Specialist with 6+ years in Compensation & Benefits.
• Knowledge of India compensation & benefits concepts and employment acts.
• Analytical skills with data-driven insights.

Responsibilities

• Benchmark external competitiveness of salary ranges.
• Analyze survey results for compensation and benefits plans.
• Develop compensation and benefits policies.

Skills

Data Analytics

MS Excel

HR Specialist

Education

MBA in Human Resources

Job description

About Us: Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

About the Team: Because you get an opportunity to make a difference, and have a great time doing

that. You are challenged and encouraged here to do stuff that is meaningful for you and for those we

serve. We are successful, and our successes are rooted in our people's collective energy and

unwavering focus on the employees, and that's how it will always be change management in Human

Resources

About the role: This role will be responsible for supporting the implementation of a broad range of

reward practices and compliance policies for the organization. This role is a key subject matter expert of

the Compensation and Benefits functions locally; the role provides local insights, consultation, and advice

to Human Resources Business Partners and senior business leaders as required. key responsibilities in

order of importance and specify the approximate amount of time, e.g. in % related to the typical business

cycle).

Expectations/ Requirements:

1. Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by

benchmarking against comparators.

2. Conducts and analyses survey results to assist in comparing compensation and benefits plans.

3. Participates in the development of compensation and benefits policy.

4. Managing the Employee Stock Option plan.

5. Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and

benefits, annual increments, incentives, rewards, and awards programs).

6. Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay

adjustments.

7. Monitors compensation trends within the organization and provides analytics to support operational

efficiency.

8. Provide ongoing support to line managers and HR on operations matters related to compensation

9. Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.

10. Provide support in Annual Reports, AGMs and other statutory requirements

Superpowers/ Skills that will help you succeed in this role:

1. Specialist with a minimum of 6 years of experience in Compensation & Benefits.

2. Specialized or cross-functional knowledge / relevant experience required by the position/role.

3. In-depth knowledge of concepts & principal of India compensation & benefits, employment acts,

and other companies' compensation & benefits programs.

4. Data Analytics, Well-versed with MS Excel.

Education : Must be an MBA in Human Resource or any equivalent degree.