SAP SF Compensation and variable pay

Neev; Maharashtra; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Neev in Maharashtra seeks a SAP Compensation, Variable Pay & Benefits Lead to own end-to-end C&B architecture with a focus on compliance and data-driven pay decisions.

You will lead benchmarking, salary bands, incentive plans, benefits programs, and governance, partnering with Finance and BU leaders to drive budgeting and strategic rewards.

Qualifications

• 7–12 years of core experience in Compensation & Benefits or Total Rewards in mid-to-large enterprise environments.
• Bachelor's degree in HR, Business, or Finance; MBA/PGDM preferred.

Responsibilities

• Oversee end-to-end Compensation, Variable Pay, and Benefits architecture.
• Lead annual increments, merit, promotions, and market adjustments.
• Perform salary benchmarking using Mercer/Aon data and manage salary bands and pay structures.
• Design, administer, and govern short-term incentive and sales pay plans; ensure KPI alignment.
• Partner with Finance and BU leaders to define budgets, dashboards, and scenario planning.
• Manage health insurance, leaves, wellness initiatives, and retirement benefits; vendor management and renewals.
• Ensure governance, statutory compliance (PF, Gratuity, ESIC, LWF, Minimum Wages), and audit readiness.
• Build executive dashboards tracking C&B costs, headcount, and payout trends.
• Drive automation of Total Rewards workflows and support annual budgeting.

Skills

C&B domain expertise

Mercer/Aon benchmarking

Advanced Excel modeling

HRIS/payroll platforms

Data accuracy

Stakeholder communication

Education

Bachelor's degree in HR/Business/Finance

MBA/PGDM preferred

Job description

JOB DESCRIPTION- SAP Compensation, Variable Pay & Benefits Lead

NOTE- Immediate to 15 Days Notice Period Candidates will be considered.

Position Overview

Oversee and execute the end-to-end Compensation, Variable Pay, and Employee Benefits architecture. Ensure competitive, compliant, and data-driven pay structures while driving operational accuracy, cost efficiency, and strong alignment with business performance.

Key Responsibilities

• Compensation Management
• Lead annual increment, merit, promotion, and market-adjustment cycles.
• Perform salary benchmarking and role evaluations using market data (e.g., Mercer, Aon).
• Manage salary bands, pay structures, and internal pay equity audits.
• Provide data-backed compensation proposals for new hires, promotions, and retention cases.
• Variable Pay & Incentives
• Design, administer, and govern short-term incentive, bonus, and sales pay plans.
• Execute monthly, quarterly, and annual variable pay calculations, audits, and payouts.
• Partner with Finance and Business Unit leaders to define, track, and validate target KPIs.
• Benefits Administration & Vendor Management
• Manage health insurance, leaves, wellness initiatives, and retirement benefits.
• Lead vendor management, SLA tracking, broker negotiations, and program renewals.
• Resolve escalated employee queries and ensure clear benefit policy communications.
• Governance & Statutory Compliance
• Maintain C&B policy compliance with statutory regulations (PF, Gratuity, ESIC, LWF, Minimum Wages).
• Maintain complete documentation and process controls for internal and external audit readiness.
• Standardize and automate Total Rewards workflows.
• Analytics, Modeling & Budgeting
• Build executive dashboards tracking C&B cost impacts, headcount metrics, and payout trends.
• Perform financial modeling and scenario planning to support strategic decision-making.
• Assist in annual budgeting and cost forecasting for pay, incentives, and benefits.
• Stakeholder Engagement
• Act as the C&B Subject Matter Expert (SME) for HRBPs, Talent Acquisition, Finance, and Business Leaders.
• Drive communication and rollout plans for annual rewards, incentive cycles, and policy updates.

Key Performance Indicators (KPIs)

• Execution: 100% timeliness and zero-error accuracy in increment and variable pay cycles.
• Compliance: 100% statutory compliance and clean audit reports.
• Competitiveness: Alignment of salary bands with target market percentiles.
• Cost Efficiency: Effective benefit program renewals within budget parameters.

Requirements & ProfileExperience & Education

• Experience: 7-12 years of core experience in Compensation & Benefits or Total Rewards in mid-to-large enterprise environments.
• Education: Bachelor's degree in HR, Business, or Finance. MBA/PGDM preferred.

Key Skills

• Technical: Deep C&B domain expertise, Indian C&B statutory rules, Mercer/Aon benchmarking tools, advanced Excel modeling, and HRIS/payroll platforms.
• Competencies: Analytical problem-solving, high data accuracy and confidentiality, strong execution discipline, and clear stakeholder communication.

Skills: variable pay,compensation,compliance,management