Manager - Rewards, Performance & Analytics

TRYST IIT Bombay; Mumbai; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

TRYST IIT Bombay is seeking an experienced Rewards, Performance & Analytics Manager to design, implement, and manage compensation structures, benefits programs, and reward frameworks across a diverse workforce. You will focus on pay strategy, benchmarking, and market-competitive benefits to attract and retain top talent.

The role involves leading job evaluation, equity/ESOP considerations, and collaborating with finance and leadership on budgeting for compensation costs.

Qualifications

• MBA — HR or related specialization preferred.
• 10-12 years of relevant experience in Compensation & Benefits, Total Rewards, or HR Generalist roles with a strong C&B focus.
• Proven experience in designing and managing compensation structures and benefits programs.
• Strong analytical skills with hands-on experience in compensation benchmarking tools/surveys.
• Sound knowledge of statutory compliance related to payroll, benefits, and labor laws.
• Excellent proficiency in Excel/data analysis; familiarity with HRIS and compensation management systems.
• Strong stakeholder management, communication, and negotiation skills.
• High degree of discretion and ability to handle confidential information.

Responsibilities

• Design and manage the overall compensation structure, including salary bands, pay grades, and incentive/bonus programs.
• Conduct regular market benchmarking and salary surveys to ensure competitive positioning.
• Develop, implement, and administer employee benefits programs (health insurance, retirement plans, leave policies, wellness programs, etc.).
• Partner with leadership and HR teams to design performance-linked pay and variable compensation plans.
• Ensure compliance with statutory and regulatory requirements related to compensation and benefits (labor laws, tax regulations, etc.).
• Analyze compensation data and trends to provide recommendations on pay equity, budget planning, and cost optimization.
• Manage annual compensation review cycles, including salary increments, promotions, and bonus payouts.
• Lead job evaluation and grading exercises to maintain internal equity across roles, including differentiated pay structures for research/scientific staff, technology transfer roles, and corporate/business functions.
• Design and administer equity/ESOP frameworks where applicable, in line with startup and early-stage company norms.
• Collaborate with finance and leadership teams on budgeting for compensation and benefits costs.
• Manage relationships with external vendors (insurance providers, benefits administrators, compensation consultants).

Skills

Total Rewards

Compensation benchmarking

Data analysis

Excel

HRIS

Stakeholder management

Education

MBA — HR or related specialization

Tools

HRIS

Compensation tools

Job description

TRYST is IIT Bombay's translational research Foundation - Turning lab stage science into deployable technology with industry, government and startups.

About the Role

As TRYST scales up, we are looking for an experienced Rewards, Performance & Analytics Manager to design, implement, and manage compensation structures, benefits programs, and reward frameworks across a diverse workforce — spanning researchers, technology transfer specialists, business development staff, and corporate functions. The ideal candidate will bring deep expertise in pay strategy, market benchmarking, and benefits administration, including familiarity with startup/deep-tech compensation practices, ensuring TRYST remains competitive in attracting and retaining top talent.

Responsibilities

• Design and manage the overall compensation structure, including salary bands, pay grades, and incentive/bonus programs.
• Conduct regular market benchmarking and salary surveys to ensure competitive positioning.
• Develop, implement, and administer employee benefits programs (health insurance, retirement plans, leave policies, wellness programs, etc.).
• Partner with leadership and HR teams to design performance-linked pay and variable compensation plans.
• Ensure compliance with statutory and regulatory requirements related to compensation and benefits (labor laws, tax regulations, etc.).
• Analyze compensation data and trends to provide recommendations on pay equity, budget planning, and cost optimization.
• Manage annual compensation review cycles, including salary increments, promotions, and bonus payouts.
• Lead job evaluation and grading exercises to maintain internal equity across roles, including differentiated pay structures for research/scientific staff, technology transfer roles, and corporate/business functions.
• Design and administer equity/ESOP frameworks where applicable, in line with startup and early-stage company norms.
• Collaborate with finance and leadership teams on budgeting for compensation and benefits costs.
• Manage relationships with external vendors (insurance providers, benefits administrators, compensation consultants).

Qualifications

• MBA — HR or related specialization preferred.
• 10-12 years of relevant experience in Compensation & Benefits, Total Rewards, or HR Generalist roles with a strong C&B focus.
• Proven experience in designing and managing compensation structures and benefits programs.
• Strong analytical skills with hands‑on experience in compensation benchmarking tools/surveys.
• Sound knowledge of statutory compliance related to payroll, benefits, and labor laws.
• Excellent proficiency in Excel/data analysis; familiarity with HRIS and compensation management systems.
• Strong stakeholder management, communication, and negotiation skills.
• High degree of discretion and ability to handle confidential information.

Preferred Skills

• Experience working with large-scale events or fast-paced project environments.
• Certification in Compensation & Benefits (e.g., CCP, GRP) is a plus.
• Experience with global/market benchmarking platforms.

Pay range and compensation package

What We Offer: Opportunity to work with one of India's premier institutions on a large-scale, high-visibility event. Collaborative and dynamic work environment.

Equal Opportunity Statement

TRYST is committed to diversity and inclusivity in the workplace.