Manager - Compensation & Benefits

VIP; Mumbai City; On-site; INR 1,400,000 - 2,600,000; Full time

Job summary

VIP in Mumbai is seeking a seasoned Compensation & Benefits professional to benchmark salaries, design benefits programs, and drive value through data-driven insights. The role oversees payroll and end-to-end benefits management, aiming to strengthen the Employer Value Proposition across the organization.

You will work in a high-volume environment, ensure compliance with labour laws, and implement improvements and automation in C&B processes, LTIP plans, and incentive schemes, collaborating with

Qualifications

• Excellent operational or SME experience in payroll and C&B.
• Ability to work in a high-volume, fast-paced, matrixed environment.
• Strong knowledge of Labour Legislation and compliance.
• Experience driving improvements and automation in C&B processes.

Responsibilities

• Benchmark compensation with market data and mapping for all roles.
• Manage employee benefits and develop an Employer Value Proposition.
• Identify opportunities for automation in C&B workflows.
• Design LTIP and incentive schemes for functions/departments.
• Ensure salary and benefits comply with current legislation.
• Coordinate with internal and external stakeholders and audit pay structures.

Skills

Payroll management

Benefits admin

Data analytics

Stakeholder mgmt

Labour law

Process improvement

Automation

Teamwork

Tools

HRIS

Job description

Role & Responsibilities:

• Compensation benchmarking with Aon, Mercer and market data mapping for all roles across the organization.
• Incumbent will be responsible for benefits benchmarking and end to end management of employee benefits to create a strong Employer Value Proposition
• Identify opportunities for introducing new approaches, improvement and automation in the field of C&B framework viz. payroll and manage implementation
• Introducing LTIP plans, incentive schemes for functions / departments in the organization
• Offer fitment design & execution for all functions
• Ensure salaries and benefits comply with the current legislation
• Exposure in HR Compliances
• Conducting audits on a regular basis and preparing reports
• Monitor the internal pay ranges, undertake competitive analysis and market trends to provide expert guidance on salary movements, appropriate compensation and grade fitment of new hires and internal movements across all business units/functions of the organization
• Structure compensation in ways that will yield the highest value for the organization
• Liasoning with internal and external stakeholders.
• Hands on working on HR System Application

Preferred Candidate Profile/ Competencies:

• Excellent operational or SME experience in the payroll and C&B domain with a proven track record in actively being a part of implementing improvements and automation
• Ability to work in a high volume, fast paced, matrixed environment
• Effective Communication & Interpersonal skills
• Excellent Analytical Skills
• Well-versed with Labour Legislation
• Process improvement mindset, understanding of key operational processes.
• Strong relationship skills, and Ability to collaborate with stakeholders for effective problem resolution and change management.
• Team player who quickly builds trust and collaborative working relationships with managers and employees
• Marked ability to influence policy development and relate work to wider operational needs of the business.