Compensation Benefits Specialist

Job Description: Compensation & Benefits : 1. Compensation Strategy & Design - Develop and implement compensation strategies aligned with business goals. - Design base pay structures, incentive plans, and other benefits. - Conduct job evaluations and market pricing to ensure competitive pay. - Share inputs based on learning from previous iterations to enhance the value add of the function`s processes to the organization. - Develop and implement sales compensation plans that align with company objectives. - Collaborate with sales leadership, finance, and other stakeholders to ensure plans drive desired behaviors. - Benchmark compensation structures against industry standards. - Experience in driving cost optimization measures 2. Plan Administration - Maintain and update compensation plans, policies, and documentation. - Ensure accurate and timely calculation of commissions, bonuses, and incentives. - Manage exceptions, disputes, and escalations related to compensation. 3. Market Benchmarking & Analysis - Lead salary surveys and benchmarking studies. - Analyze compensation trends and provide insights to leadership. - Maintain internal equity and external competitiveness. 4. Policy Development & Governance - Create and maintain compensation policies and guidelines. - Ensure compliance with labor laws, tax regulations, and internal controls. - Support audits 5. Operational Execution/Program Deployment - Oversee annual compensation cycles (e.g., merit increases, bonus payouts, Other compensation programs). - Partner with HRBPs and business leaders during salary reviews / promotions/Roll out of various compensation programs - Manage compensation systems and tools as applicable. 6. Stakeholder Collaboration - Work with business leaders and other stakeholders on compensation decisions. - Educate managers and employees on compensation philosophy and practices. - Support organizational change initiatives (e.g., M&A, restructuring). 7. Reporting & Analytics - Generate compensation reports and dashboards for leadership. - Monitor pay equity, gender pay gap, and other DEI metrics. - Forecast compensation budgets and model cost impacts of plan changes. 8. Global & Regional Alignment (As applicable) - Coordinate compensation practices across geographies. - Ensure alignment with global frameworks while respecting local norms.

• GM - Compensation & Benefits

  greytHR · Bengaluru, Karnataka, India

• Compensation & Benefits

  BCE Global Tech · Bengaluru, Karnataka, India