Senior/Chief Manager Compensation Benefits Professional

Siemens; Mumbai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A multinational engineering company in Mumbai seeks a Compensation and Benefits Professional to lead total rewards programs and ensure compliance with local legislations. The ideal candidate has up to 10 years of experience in the field, excellent analytical and communication skills, and the ability to work effectively across departments. This role offers the opportunity to influence competitive reward structures in a dynamic business environment.

Qualifications

• Up to 10 years of experience in compensation and benefits.
• Ability to manage in areas without 100% clarity.
• Business fluent English in spoken and written form desirable.

Responsibilities

• Run the benchmarking process and communicate with stakeholders.
• Execute timely salary increases and performance payouts.
• Drive best practices to support the organization’s people strategy.
• Support compliance with changing local legislations.

Skills

Detailed oriented

Analytical thinking

Excellent communication skills

Stakeholder management

Curiosity

Education

Postgraduate in Management studies or equivalent

Job description

Compensation and Benefits Professional

This position is responsible for high quality execution of all elements of our total rewards programs amidst a context of competitive market dynamics, business transformation, delivery to 20000+ employees within Lead Country India

As a member of a global Compensation and Benefits team, with deep functional expertise, the position will work across the business, provide solutions and serves as a trusted advisor in his/ her area of responsibilities.

Key Responsibilities

• Compensation
  • Benchmarking – Responsible for running the benchmarking process and related processes, communication with necessary stakeholders.
  • Merit/Salary Increase – Part of team responsible for executing timely salary increases.
  • Bonus Payouts – Part of Team responsible for executing Performance Payouts
  • Drive best practices across our policies and procedures to support the organization’s people strategy.
• Support execution of compliance with changing local legislations impacting reward structures.
• Support CB team on any other special projects.

Education & Experience

• Professional qualification with Postgraduate in Management studies/Equivalent qualification from reputed Institute.
• Up to 10 years of experience in compensation and benefit.
• Detailed oriented, analytical frame combined with curiosity and ability to manage in areas without 100% clarity.
• Excellent interpersonal and communication skills in order to interact effectively with employees and management in identifying and resolving complex issues and conveying ideas.
• Excellent stakeholder management across hierarchies and departments.
• Willing to challenge the status quo ensuring our total rewards are competitive and enabled by the appropriate technology.
• Good business understanding.
• Business fluent knowledge of English in spoken and written form desirable.