Compensation & Benefits Specialist

Compensation & Benefits Specialist

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Job area Corporate functions Location Pune I, India. Contract type Full time
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Role overview:

The Compensation & Benefits specialist is responsible for local management of Benefits & Reward programs and policies, salary grading as well as (local) complex compensation and benefits query resolution. This role is accountable for resolving escalated queries from Tier 1. The specialist possesses knowledge of the local market regarding compensation & benefits and is aware of its impact on the organization. This person makes recommendations regarding salary grades or market rates for specific jobs and assists in the development of (local) incentive programs and the administration of e.g. merit-cycle programs.  The C&B Specialist operates within a global framework and will incorporate local policies where applicable.

High level Responsibilities:

  • Assist regional people services lead to provide pro-active and tactical advice and solutions to business leaders/managers on C&B matters and translate into local policy where needed
  • Understand the business direction within India and assist regional people services lead to translate relevant insights and local requirements.
  • Responsible for Payroll inputs & active coordination with finance & payroll team for smooth payroll processing.
  • Responsible for filling of compensation & benefits related legal compliances in coordination with the consultant
  • Responsible for the correct execution of (local) Compensation & Benefits processes in line with policies and standard operating procedures
  • Responsible for salary packaging arrangements and compensation administration
  • Responsible for acting as an escalation point for employee enquiries received via Tier 1 and further escalating to the CoE where required
  • Accountable for having and maintaining up-to-date deep functional knowledge to support with key moments that matter during the employee lifecycle
  • Accountable for completing relevant research of internal policies and frameworks to support query resolution
  • Responsible for performing salary grading for new positions, aligning to global policy
  • Drives the local implementation/execution of annual rewards programmes (e.g., merit cycle, Short/Long Term Incentive Plans) 
  • Possesses a strong working knowledge of enabling technologies, systems (e.g., Workday) and processes, ensuring high quality service delivery
  • Responsible for collaborating with India People Services team to understand and implement processes, focusing on employee experience and continuous improvement of compensation & benefits processes

Key competencies:

  • Customer Centric
  • Optimizes work processes
  • Ensures accountability
  • Drives engagement
  • Drives Results
  • Nimble Learning
  • Collaborates
  • Instils trust
  • Effective communication
  • Other:
  • Experience in designing, optimizing and implementing local Benefits & Reward Policies, within a global framework
  •  knowledge of local legal and tax frameworks and best practices in the region
  • Experience in working with local consultation bodies & industrial relations where applicable
  • Highly analytical data fluent

Reports to Regional People services Lead (India HR Head) India

MBA from a Reputed Institution with 12-15 years of relevant experience

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