Senior Manager Compensation Benefits

redBus; Bengaluru; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A leading travel-tech company in Bengaluru is seeking a Compensation & Benefits Specialist to strategically design and manage compensation frameworks. The ideal candidate will have 6-8 years of experience with an MBA (HR) from a top-tier B-School and possess strong analytical and modeling skills. Responsibilities include leading compensation benchmarking, optimizing benefits, and ensuring compliance across multiple countries. This role plays a crucial part in enhancing the employee value proposition and sustaining competitive edge.

Qualifications

• 6-8 years of experience in compensation and benefits.
• Strong grasp of financial modeling.
• Prior experience in Product-Tech, FMCG, or E-commerce.

Responsibilities

• Lead annual compensation benchmarking using market data.
• Design competitive salary structures aligned to business growth.
• Evaluate and redesign benefits programs.
• Ensure compensation compliance with internal policies.
• Collaborate with TA and HRBP teams for offer strategy.

Skills

Global Compensation Strategy & Architecture

Equity & Long-Term Incentive Design (RSUs & Equity Programs)

Incentive & Variable Pay Programs

Benefits Strategy & International Harmonization

Policy, Compliance & Governance

Stakeholder Management & Change Leadership

Education

MBA (HR) from a Premier B-School

Bachelor’s degree in Human Resources, Finance, or Business Administration

Tools

Excel

HRIS

equity management systems

Job description

As a leader in the global travel-tech space, redBus is looking for a Compensation & Benefits Specialist who acts as a strategic architect rather than a process administrator. Coming from a COE (Center of Excellence) background, you will be responsible for designing and scaling rewards frameworks that sustain our competitive edge across India, SE Asia, and Latin America. We are looking for a data-driven professional who can bridge the gap between financial constraints and talent aspirations.

About the Role

As a Compensation & Benefits Specialist, you will be responsible for leading the compensation strategy, managing annual cycles, optimizing benefits, ensuring compliance, and driving process excellence.

Responsibilities

Compensation Strategy & Benchmarking

• Lead annual compensation benchmarking using market data (Mercer/Aon/Willis Towers Watson, etc.).
• Design competitive salary structures aligned to business growth and talent strategy.
• Drive salary band architecture, job leveling, and pay positioning frameworks.
• Partner with business leaders and HRBPs on compensation decisions for critical roles.
• Own and manage the annual merit cycle, bonus payouts, and promotion increments.
• Design and review incentive structures (Sales, Tech, Leadership roles).
• Ensure pay-for-performance philosophy is consistently implemented.

Benefits & Total Rewards Optimization

• Evaluate and redesign benefits programs (insurance, wellness, flex benefits, retention bonuses).
• Drive cost optimization while improving employee value proposition.
• Partner with finance and vendors for benefits governance and renewals.

Governance, Compliance & Analytics

• Ensure compensation compliance with internal policies and statutory requirements.
• Build dashboards and analytics for compensation trends, attrition risk, pay equity.
• Support audits and compensation-related reporting to leadership.

COE & Process Excellence

• Standardize compensation policies and SOPs across functions.
• Build scalable frameworks to support high-growth hiring.
• Collaborate with TA and HRBP teams for offer strategy and internal equity management.

Qualifications

6-8 years of experience. MBA (HR) from a Premier B-School is a must. A strong grasp of compensation and benefits and financial modeling is a must. Prior experience in Product-Tech, FMCG or E-commerce, or FinTech is highly desirable.

Required Skills

• Global Compensation Strategy & Architecture
• Equity & Long-Term Incentive Design (RSUs & Equity Programs)
• Incentive & Variable Pay Programs
• Benefits Strategy & International Harmonization
• Policy, Compliance & Governance
• Stakeholder Management & Change Leadership

Preferred Skills

• Bachelor’s degree in Human Resources, Finance, Business Administration, or related field (Master’s preferred).
• Demonstrated experience designing and deploying RSU and equity-based compensation programs.
• Experience managing compensation across multiple countries and regulatory environments.
• Strong understanding of accounting standards (IFRS/GAAP) related to equity compensation.
• Expertise in job evaluation methodologies (Mercer, Korn Ferry Hay, Willis Towers Watson).
• Advanced analytical and financial modeling skills (Excel, HRIS, equity management systems).
• Certified Compensation Professional (CCP) or Global Remuneration Professional (GRP) preferred.