Compensation & Benefits/Payroll Specialist - Shared Service Center

This role requires very good stakeholder management in a matrix team structure. The individual should be driven and structured with very good communication skills. Strong knowledge of payroll with experience in vendor management is a must have. Candidate must have conducted salary benchmarking, structuring and grading.

Role Description:

- Determine stated and unstated client needs by continuously engaging with internal and external stakeholders

- Managing annual and quarterly headcount projections across the organization and preparation of the corresponding budgets

- Track budget v/s actual variance, RCA and remedial actions

- Validation of new hire payroll inputs, F & F Settlements

- Prevailing tax laws of the land and adhere to the statutory needs as per the tax laws

- Preparation and/or validation of salary variance inputs

- Working with the finance team on the month on month variances and reports change in the components

- Front-end employee queries on payroll, benefits and work towards customer delight

- Handle escalations and exceptions with both internal as well as external stakeholders to drive desired outcomes

- Drive a culture of knowledge sharing and cross utilization of work products and solutions

- Structure all work products, insights & solutions to drive balance between our documentation guidelines and client preferences

- Drive quality assurance across all deliverables and ensure compliance to organization norms and standards

- Publish dashboards and relevant metrics

- Work with internal and external audit teams to ensure compliance

- Streamline processes and lead the automation efforts

Ideal Candidate Experience:

- Domain knowledge: India Payroll, Total rewards strategy, Benefits Administration, Statutory Compliance and remittance, Vendor management, Tax structures and Automation efforts, Leave and Time off data reconciliation

- Compensation and benefits strategic understanding

- India payroll execution including leave, time off, bonus structure and incentives

- Industry best practices in compensation fitment and total rewards strategy

- Budgets: Hiring budget management, cost projection

- Rewards: Total rewards strategy including benefits administration

- Statutory Compliance: Timely remittance of statutory payments related to payroll

- Stakeholder Management: External stakeholder management including vendors and financial institutions

- Internal stakeholders include Business Heads, HR peer group and Business enabling functions

- HR metrics: Reports on variance, budgets v/s actuals, pay sheet check and controls, ad-hoc reports

- Exposure to HRMS including HCM and payroll modules, preferably Workday

- Team management including work allocation, tracking progress and reporting improvements

- Knowledge of Income tax laws, benefit schemes including GPA, GTL, GMC