Compensation Benefits Specialist

The Compensation & Benefits Senior Analyst is responsible for supporting the design, analysis, and administration of the organization's compensation and benefits programs. This role ensures internal equity, external competitiveness, compliance with regulations, and a seamless employee experience across all C&B processes.

Responsibilities:

Compensation Management

• Support the design and maintenance of job architecture, salary structures, and pay ranges.
• Conduct market benchmarking using surveys (Mercer, AON, Willis Towers Watson, etc.).
• Perform compensation analysis for promotions, new hires, internal transfers, and adjustments.
• Manage annual compensation cycle activities including merit, increment, and bonus planning.
• Identify pay compression, inequities, and recommend corrective actions.
• Ensure compensation decisions align with internal policies and budget guidelines.

Benefits Administration

• Oversee employee benefits programs (health insurance, wellness programs, retirement plans, etc.).
• Monitor benefit utilization, cost trends, and employee feedback.
• Support benefits enrollment, awareness campaigns, and grievance resolution.

Data Analysis & Reporting

• Prepare dashboards and reports on compensation, benefits utilization, and C&B KPIs.
• Analyze compensation trends and forecast C&B budgets.
• Provide insights to HRBPs and leadership to support decision-making.
• Ensure data accuracy in HRIS systems

Policy & Compliance

• Ensure adherence to statutory guidelines (PF, ESIC, Bonus Act, Gratuity, Minimum Wage, etc.).
• Support internal and external audits related to compensation and benefits.
• Maintain documentation and enforce governance around compensation processes.

Stakeholder Collaboration

• Partner with HRBPs, Finance, Talent Acquisition, and business leaders for C&B decisions.
• Facilitate training sessions and communication for C&B programs.
• Address employee queries related to compensation structures and benefits programs.

Skills & Qualifications:

• Bachelor's/Master's degree in HR, Business Administration or related field.
• 5+ years of experience in Compensation & Benefits or HR Analytics.
• Strong analytical and quantitative skills; advanced Excel required.
• Knowledge of market benchmarking Excellent communication, stakeholder management, and presentation skills.
• Strong understanding of Indian labor laws and compliance requirements.
• Experience in managing compensation cycles for mid-to-large organizations.
• Exposure to global compensation practices