Lead - Compensation & Benefits - Microfinance Firm

Job Description C&B Lead:

Our client is a fast-growing microfinance company specialising in the housing finance sector, with an emphasis on promoting affordable housing initiatives and enhancing financial inclusion for weaker section of society.

The C&B Lead is responsible for designing, developing, and implementing compensation and benefits programs that are competitive and meet the needs of the organization and employees.

Key Responsibilities:

- Conduct analysis of compensation and benefits trends in the market to ensure our programs are competitive

- Design and implement compensation and benefits programs that are aligned with the organization's goals and objectives

- Work with HR Business Partners and managers to provide guidance and support on compensation and benefits-related issues

- Develop and maintain job descriptions, salary structures, and job evaluation, Grade structure systems

- Monitor and evaluate the effectiveness of compensation and benefits programs and make recommendations for improvements

- Ensure compliance with relevant regulations and legislation & controls for timely and accurate payouts

- Provide training and education to managers and employees on compensation and benefits programs

- Manage the administration of compensation and benefits programs, including payroll processing, benefits enrollment, and reporting

- Participate in salary surveys and other benchmarking activities

- Collaborate with the HR team to develop and implement overall HR strategies and initiatives

Key Requirements:

- Masters degree in Human Resources, Business Administration

- At least 8+ years of experience in compensation and benefits administration

- In-depth knowledge of compensation and benefits practices and principles

- Strong analytical and problem-solving skills

- Excellent communication and interpersonal skills. Ability to interact with / present to Management committee.

- Ability to work independently and as part of a team

- Proficient in Microsoft Office and HR information systems

- Experience with job analysis, market pricing, and job evaluation methodologies

- Knowledge of relevant employment laws and regulations