LAM- Compensation and Benefits

Job Title: LAM- Compensation and Benefits

Qualification:

Postgraduate (Finance And HR), Graduate

Experience:

5 – 9 years.

Key Responsibilities:

• 5+ years of experience in Compensation & Benefits or HR Rewards. To design, implement, and manage compensation and benefits programs that attract, retain, and motivate employees while ensuring compliance with legal requirements and alignment with organizational goals.
• Mentor assistant managers, manage team schedules, resolve conflicts, and implement improvement strategies.

Responsibilities for Internal Candidates:

Compensation Planning & Execution:

• Support annual salary review, bonus cycles, and pay-for-performance programs.
• Ensure alignment of compensation structures with business objectives and market benchmarks.

Benefits Administration:

• Oversee employee benefits programs including health, insurance, and retirement plans.
• Recommend enhancements based on employee needs and industry trends.

Reward Strategy & Governance:

• Implement reward policies ensuring fairness, transparency, and compliance.
• Maintain audit readiness and adherence to statutory requirements.

Data Analysis & Reporting:

• Conduct market benchmarking and salary surveys.
• Prepare compensation analytics and dashboards for leadership decision-making.

Stakeholder Collaboration:

• Partner with HRBPs, Finance, and Business Leaders to align reward strategies.
• Act as a point of contact for employee queries related to compensation and benefits.

Process Improvement:

• Identify opportunities for automation and process efficiency.
• Drive continuous improvement initiatives in reward operations.

Employee Communication:

• Develop and deliver communication plans for compensation and benefits programs.
• Conduct awareness sessions to educate employees on reward policies.

Competencies:

• Strong analytical and problem-solving skills.
• Knowledge of compensation frameworks, benefits programs, and regulatory compliance.
• Proficiency in HR systems and data visualization tools.
• Excellent stakeholder management and communication skills.

Eligibility Criteria:

• Bachelor’s degree in HR, Finance.
• 5+ years of experience in Compensation & Benefits or HR Rewards.
• Experience in pay-for-performance programs and market benchmarking.
• Should have excellent comprehension skills.
• Attention and eye for detail and accuracy.
• Demonstrates good time management and organizational skills.

Working Days:

Monday to Friday (Weekly off: Yes)

Shift Timing:

11:30 AM - 8:30 PM or 1:30 PM - 10:30 PM

Job Location:

Bangalore

Weekly Offs:

Saturday and Sunday off: Yes

CEF:

Not Mandatory