Manager - Compensation & Benefits

Paytm Payments Services; Dadri; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Paytm Payments Services is hiring a specialist to support compensation and benefits programs, benchmarking salary ranges, and ensuring policy compliance. You will analyze surveys, manage the ESOP plan, and assist in annual budgeting for salary and benefits, working closely with HR and business leaders.

The role emphasizes data-driven insights, adherence to Indian employment acts, and ongoing support to line managers on compensation operations.

Qualifications

• MBA in HR required.
• Minimum 6 years experience in Compensation & Benefits.
• Strong knowledge of India compensation & benefits and employment acts.
• Proficient in data analytics and MS Excel.

Responsibilities

• Implement compensation and benefits programs and policies.
• Benchmark external competitiveness of salary ranges against comparators.
• Analyze survey results to inform plans and budgets.
• Manage the Employee Stock Option plan.
• Participate in annual salary planning, forecasting, and budgeting for direct costs.
• Support leadership and HR on compensation-related operations.

Skills

Compensation & Benefits

Data Analytics

MS Excel

Education

MBA in HR

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:

• Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by benchmarking against comparators.
• Conducts and analyses survey results to assist in comparing compensation and benefits plans.
• Participates in the development of compensation and benefits policy.
• Managing the Employee Stock Option plan.
• Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards, and awards programs).
• Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments.
• Monitors compensation trends within the organization and provides analytics to support operational efficiency.
• Provide ongoing support to line managers and HR on operations matters related to compensation
• Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.
• Provide support in Annual Reports, AGMs and other statutory requirements

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

• Specialist with a minimum of 6 years of experience in Compensation & Benefits.
• Specialized or cross-functional knowledge / relevant experience required by the position/role.
• In-depth knowledge of concepts & principal of India compensation & benefits, employment acts, and other companies’ compensation & benefits programs.
• Data Analytics, Well-versed with MS Excel.

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