This role is responsible for driving Compensation Benefits (CB) initiatives and supporting the implementation of CB topics aligned with business priorities, talent strategy, and governance requirements. The incumbent will work closely with the Head of Compensation Benefits, SEIL, to execute compensation programs, deliver analytics-driven insights, and ensure operational excellence across CB processes. The role is based in Gurgaon.
Key Responsibilities: 1.
Compensation Strategy Execution: - Support the design and implementation of compensation programs aligned with business needs and budget guidelines. - Translate reward philosophy into actionable frameworks including increments, pay positioning etc. - Drive end-to-end execution of compensation cycles (merit increases, performance pay). 2. Salary Benchmarking Market Intelligence: - Conduct market benchmarking using survey data and external insights to ensure competitiveness. - Analyze compensation trends and provide recommendations backed by data and insights. - Maintain and update compensation databases with high accuracy and attention to detail. 3. Incentive Program Management: - Support design, modeling, and rollout of variable pay and incentive programs. - Simulate models in Excel to simulate scenarios, payouts, and business impact. - Ensure accurate payout calculations. 4.
Benefits: Administration: - Assist in administration and optimization of employee benefits programs, ensuring efficiency and employee relevance. - Coordinate with vendors and internal stakeholders for seamless benefits delivery. 5.
Governance, Compliance Controls: - Ensure adherence to compensation governance frameworks, policies, and regulatory requirements. - Support audits, documentation, and internal controls related to compensation and benefits. 6. Stakeholder Management Communication: - Partner with Business Partners, finance, and business stakeholders to implement CB initiatives effectively. - Develop clear and structured communication for employees on compensation programs. - Address queries and provide data-backed guidance to stakeholders. 7. Data Analytics Reporting: - Leverage Excel and other analytical tools such as PowerBI to analyze compensation data, generate reports, and derive insights. - Develop dashboards and reports on compensation trends. 8. Project Management: - Drive and support key CB projects end-to-end such as job architecture, policy redesign, and process improvements. - Ensure timely delivery with strong attention to detail, risk identification, and stakeholder alignment.
Education: Experience: - Postgraduate qualification in Management or related field from a reputed institute. - 47 years of experience in Compensation Benefits or Total Rewards. - Strong understanding of compensation frameworks, benefits programs, and benchmarking practices. - Advanced proficiency in Excel and strong working knowledge of Power point. - High attention to detail and strong analytical capability.
Strong communication and stakeholder management skills across levels. - Experience working in matrix and/or international organizations is preferred.