Job Description:
Compensation & Benefits :
1. Compensation Strategy & Design
- Develop and implement compensation strategies aligned with business goals.
- Design base pay structures, incentive plans, and other benefits.
- Conduct job evaluations and market pricing to ensure competitive pay.
- Share inputs based on learning from previous iterations to enhance the value add of the function`s processes to the organization.
- Develop and implement sales compensation plans that align with company objectives.
- Collaborate with sales leadership, finance, and other stakeholders to ensure plans drive desired behaviors.
- Benchmark compensation structures against industry standards.
- Experience in driving cost optimization measures
2. Plan Administration
- Maintain and update compensation plans, policies, and documentation.
- Ensure accurate and timely calculation of commissions, bonuses, and incentives.
- Manage exceptions, disputes, and escalations related to compensation.
3. Market Benchmarking & Analysis
- Lead salary surveys and benchmarking studies.
- Analyze compensation trends and provide insights to leadership.
- Maintain internal equity and external competitiveness.
4. Policy Development & Governance
- Create and maintain compensation policies and guidelines.
- Ensure compliance with labor laws, tax regulations, and internal controls.
- Support audits
5. Operational Execution/Program Deployment
- Oversee annual compensation cycles (e.g., merit increases, bonus payouts, Other compensation programs).
- Partner with HRBPs and business leaders during salary reviews / promotions/Roll out of various compensation programs
- Manage compensation systems and tools as applicable.
6. Stakeholder Collaboration
- Work with business leaders and other stakeholders on compensation decisions.
- Educate managers and employees on compensation philosophy and practices.
- Support organizational change initiatives (e.g., M&A, restructuring).
7. Reporting & Analytics
- Generate compensation reports and dashboards for leadership.
- Monitor pay equity, gender pay gap, and other DEI metrics.
- Forecast compensation budgets and model cost impacts of plan changes.
8. Global & Regional Alignment (As applicable)
- Coordinate compensation practices across geographies.
- Ensure alignment with global frameworks while respecting local norms.
