Senior Manager Compensation Benefits

Nusummit; Mumbai; On-site; INR 2,000,000 - 3,500,000; Full time

Job summary

Nusummit is seeking an experienced Compensation & Benefits (C&B) Specialist in Mumbai to design, implement and administer the organization's Total Rewards strategy. You will focus on benchmarking, salary structure design, and incentive programs to ensure internal equity and external market competitiveness.

The ideal candidate will have hands-on experience in compensation frameworks, market benchmarking, and supporting annual compensation reviews within a fast-paced environment.

Qualifications

• MBA/PGDM in HR or equivalent.
• 8-10 years of experience in Compensation & Benefits / Total Rewards.
• Experience in Corporate C&B, Total Rewards, COE.
• Strong analytical and stakeholder management skills.
• Excellent communication and presentation skills.

Responsibilities

• Lead design and implementation of compensation and benefits programs.
• Develop and drive total rewards strategies aligned with objectives and market competitiveness.
• Design, develop, and administer compensation policies and programs.
• Support annual compensation reviews and merit cycles.
• Develop salary structures, frameworks, and pay philosophies.
• Prepare compensation proposals for leadership and critical hires.
• Design and administer LTIs and STIs and governance of incentive plans.
• Collaborate with HRBPs and business leaders on compensation decisions.

Skills

Total Rewards

Compensation & Benefits

Market benchmarking

Salary structure design

Incentive design

Stakeholder management

Analytical skills

Communication

Education

MBA/PGDM in HR or equivalent

Job description

We are looking for an experienced Compensation & Benefits (C&B) Specialist to support the design, implementation, and administration of the organization's Total Rewards strategy. The role will focus on compensation benchmarking, job evaluation, salary structure design, incentive programs, and rewards policies to ensure internal equity and external market competitiveness.

The ideal candidate should have hands-on experience in designing compensation frameworks, conducting market benchmarking, supporting annual compensation reviews, and managing Total Rewards initiatives within a fast-paced organization.

Key Responsibilities

• Lead the design and implementation of compensation and benefits programs.
• Develop and drive compensation and total rewards strategies aligned with business objectives, talent strategy, and market competitiveness.
• Design, develop, and administer Compensation & Benefits policies and programs.
• Support the organization's Total Rewards strategy aligned with business objectives.
• Perform market pricing and salary competitiveness analysis.
• Support annual compensation review cycles, including merit increases, promotions, and salary revisions.
• Develop salary structures, compensation frameworks, and pay philosophies.
• Prepare compensation proposals for leadership and critical hires.

Total Rewards

• Design and administer Total Rewards programs.
• Develop and review rewards frameworks and recognition programs.
• Design and implement Long-Term Incentive (LTI) and Short-Term Incentive (STI) programs.
• Support the design and governance of variable pay and incentive plans.
• Recommend improvements to Total Rewards policies based on market trends.

Job Evaluation & Organization Design

• Conduct job evaluation and job grading exercises.
• Support job architecture, job leveling, and role mapping initiatives.
• Ensure consistency and internal equity across job families and salary bands.

Compensation Analytics

• Develop compensation dashboards and MIS reports.
• Analyze compensation trends and provide actionable insights.
• Prepare reports for leadership reviews and compensation planning.
• Perform workforce and compensation analytics.

Policy & Governance

• Draft and update Compensation & Benefits policies.
• Design Total Rewards documentation, guidelines, SOPs, and governance frameworks.
• Ensure compliance with internal compensation governance standards.
• Partner with HR Business Partners and business leaders on compensation-related decisions.

Stakeholder Management

• Collaborate with HRBPs, Talent Acquisition, Finance, and Business Leaders on compensation matters.
• Support compensation decisions during hiring, promotions, and internal movements.
• Provide compensation recommendations based on market intelligence.

Preferred Qualifications

• MBA/PGDM in Human Resources or equivalent.
• 8-10 years of relevant experience in Compensation & Benefits / Total Rewards.
• Experience in Corporate C&B, Total Rewards, COE
• Strong analytical and stakeholder management skills.
• Excellent communication and presentation skills.

Preferred Candidate Profile:

We are looking for professionals who have worked extensively in:

• Total Rewards
• Job Evaluation & Job Architecture
• Salary Structure Design
• Incentive Design (LTI/STI)