Manager - Compensation & Benefits - IT/Media/eCommerce

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.