Manager - Compensation & Benefits
This is a full-time, 5 Days on-site role for Mumbai location.
What you'll do :
- Compensation Strategy : Develop, implement, and continuously enhance a comprehensive compensation strategy that is industry first & aligns with the organization's goals, industry benchmarks, and best practices.
- Incentive Scheme Design : Utilize your expertise to design, review, and implement incentive schemes that incentivize high performance and reinforce our company's values and culture.
- Salary Surveys and Benchmarking : Conduct regular market research and salary surveys to ensure our compensation packages remain competitive.
- Benefits : Oversee the administration of employee benefits, introduce new benefits at Bizongo to create competitive advantage to attract new talent and excite the employees, ensuring compliance with relevant regulations and cost-effectiveness.
- Compensation Compliance : Stay up-to-date with labour laws and regulations related to compensation, ensuring our practices remain compliant at all times.
- Performance Evaluation : Collaborate to design and implement effective performance evaluation processes tied to the incentive schemes, providing valuable feedback to employees and managers.
- Data Analysis : Analyze compensation data and trends to make informed decisions about adjustments, salary ranges, and reward structures.
- Employee Communication : Develop clear and concise communication materials to educate employees about compensation and benefits programs, ensuring a transparent and well-understood process.
- Budget Management : Manage the compensation and benefits budget, working closely with finance to allocate resources effectively.
- Collaboration : Work collaboratively with cross-functional teams, such as People Success Business Partnering, Finance, Talent Acquisition and business teams, to align compensation practices with broader HR strategies.
What you'll need :
- Masters degree in Human Resources, Business Administration, or a related field.
- Proven experience of 6+ years in Compensation & Benefits or similar role, with a focus on designing incentive schemes.
- Strong knowledge of compensation and benefits practices, including market trends and regulatory requirements.
- Experience with salary survey participation and data analysis to drive compensation decisions.
- Strong understanding of performance management processes and their relationship with compensation and incentives.
- Exceptional communication and presentation skills.
- Strategic mindset with the ability to align compensation practices with overall business goals.
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