Senior Manager Compensation Benefits

StorySideUp; Gurugram District; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

A leading consulting firm is seeking a Senior Manager for Total Rewards/C&B in Gurugram. The role involves leading compensation and benefits strategies, driving employee engagement, and providing analytics to inform decision-making. Candidates should have 6–8 years of experience in the BFSI sector and a postgraduate degree in HR or an MBA. Strong analytical skills are essential for this data-driven position.

Qualifications

• 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.
• Deep understanding of manpower planning, AOP, total rewards frameworks, and incentive design.
• Experience in handling large data sets and presenting insights to senior leadership.

Responsibilities

• Design and implement total rewards strategies in alignment with organizational goals.
• Lead the Annual Operating Plan (AOP) process for workforce costs.
• Drive data-driven insights and design dashboards for rewards, headcount, and cost trends.

Skills

Analytical skills

Human Resources expertise

Data analysis

Stakeholder management

Education

Postgraduate degree in HR / MBA

Tools

Excel

PowerPoint

Job description

Overview

Job Title: Senior Manager – Total Rewards/C&B

Location: Gurugram

Experience: 6–8 years

Function: Human Resources

For a BFSI client of ours, we are seeking a dynamic and data-driven professional to lead the Total Rewards and Compensation & Benefits (C&B) strategy for our organization. The role is pivotal in ensuring alignment of reward systems with business goals, driving employee retention and engagement through effective pay practices, and providing deep analytics to inform decision-making.

Responsibilities

• Design and implement total rewards strategies (compensation, benefits, variable pay, long-term incentives) in alignment with organizational goals.
• Lead the Annual Operating Plan (AOP) process for workforce costs, ensuring cross-functional alignment with Finance and Business Heads.
• Conduct detailed manpower planning in collaboration with talent acquisition and business partners.
• Develop and manage compensation structures, pay ranges, and benchmarking exercises using market data and internal equity principles.
• Drive data-driven insights and design dashboards and analytics around rewards, headcount, productivity, and cost trends.
• Partner with external consultants to manage compensation benchmarking, surveys, and best practice reviews.
• Own the annual performance-linked bonus and salary revision cycles, including system readiness, communication frameworks, and payout governance.
• Support HRBP teams and leaders with C&B advisory, job evaluations, and compensation structuring for offers and promotions.
• Ensure compliance with internal reward governance policies and applicable statutory requirements.

Qualifications

• 6–8 years of experience in Compensation & Benefits / Rewards / HR Analytics, preferably in the BFSI sector.
• Postgraduate degree in HR / MBA from a recognized institute.
• Deep understanding of manpower planning, AOP, total rewards, C&B frameworks, and incentive design.
• Strong analytical and numerical ability with proficiency in Excel, PowerPoint, HR dashboards, and compensation tools.
• Experience in handling large data sets, deriving insights, and presenting to senior leadership.
• Ability to work cross-functionally, manage multiple stakeholders, and maintain high attention to detail.