HDFC Life Insurance - Senior Manager - Compensation & Benefit

What are we looking for?

We are seeking a dynamic and detail-oriented individual to support and lead Compensation & Benefits (C&B) programs. The incumbent will work closely with internal stakeholders, ensuring data-driven decision-making, market competitiveness, and seamless execution of core C&B initiatives. The role requires the ability to independently manage programs while engaging with senior management on critical projects.

What does the job entail?

Compensation Program Support:

- Provide strategic and operational support across various compensation programs including, but not limited to, annual appraisals, salary revisions, and retention proposals.

- Ensure accurate execution, adherence to timelines, and alignment with internal policies and external market trends.

Market Benchmarking:

- Assist in conducting compensation surveys and market benchmarking exercises to maintain competitive reward structures.

- Analyse findings and contribute to recommendations on compensation adjustments.

Data Analysis & Reporting:

- Proactively analyse compensation programs, payroll data, and benefits to identify trends, risks, and improvement opportunities.

- Independently manage the creation and publication of C&B dashboards and periodic reports.

- Provide actionable insights to support leadership decision-making.

Employee Communication & Query Management:

- Ensure clear, consistent, and transparent communication of C&B programs to employees.

- Manage employee queries within defined TAT, identify process gaps, and suggest systematic fixes to improve efficiency and employee experience.

Stakeholder Management:

- Collaborate closely with HR business partners, Finance, and leadership teams to provide program support and operational guidance.

- Serve as the subject matter expert (SME) for compensation-related discussions.

Budget Monitoring:

- Support the tracking of C&B budgets and program expenditures, ensuring effective cost management and reporting.

Program Ownership & Policy Initiatives:

- Independently drive select C&B programs, policy revisions, or new initiatives from concept to execution.

- Continuously scan for best practices and propose enhancements to existing frameworks.

Education & Skills:

- MBA HR / Post Graduate in HR

- High proficiency in MS Excel and PowerPoint

- SME with a keen interest in Rewards and Benefits

- Appetite to enhance knowledge by self-initiative

- Strong Analytical skills and Detail Orientation

- Proficient in Data dashboarding

- Stakeholder Management inc. senior management coordination