472 Compensation And Benefits jobs in India

What does a successful C&B Expert do at Fiserv?

Responsible for aligning the Compensation and Benefits practices of the organization with the overall HR and organizational philosophy. Responsible for designing compensation, determining appropriate salary structures, managing annual salary revision exercises through surveys, analysis of positioning & budget development, communicating compensation programs to employees and management, monitoring the compensation program and making changes periodically, as necessary. Should be able to drive Compensation and best in class benefits practices individuality under the supervision of the Total Rewards Leader. This role will be based out of Pune.

What will you do:

Compensation

• Monitoring the organization’s Compensation structure and maintain balance between compliance, control of costs and attracting and retaining staff.
• Member of project team responsible for developing and executing technology roadmap for Market Intelligence & Annual Planning and the Total Rewards CoE.
• Perform quantitative and qualitative data analysis of key market intelligence indicators (via dashboards design including predictive analytics) and interlock with stakeholders to support actionable market intelligence.
• Maintain enterprise-level focus on compensation management activities, while understanding unique characteristics of state entities with a wide variety of missions.
• Consult with and educate Sr. Leaders and managers on the Fiserv Compensation philosophy, policies and structures.
• Researching and analysing market data to use for developing compensation structures. Ad hoc analysis for business leaders for key skills or talent. General market pricing of jobs through salary surveys
• Support the work of HR professionals within the CoE and the development of a truly global Fiserv HR organization delivering clients and communities.
• Undertaking job evaluations to ensure that the differences in pay between those doing different jobs within the organization are fair and are perceived to be so.
• May prepare RFPs and shortlist vendors. Responsible for timely completion of appraisal cycle/revision cycle.

Benefits

• Drive wellbeing and Benefits / rewards operations professionals to enable the development and successful implementation of Fiserv India Health and Mental Wellbeing policies and programs conceptualized in conjunction and partnership with the local and global and Benefits teams.
• Responsible for defining problem statements, goal setting, performance management, escalation management and coaching/mentoring the operations team across the health, wellbeing and operations functions
• Works closely with Fiserv India senior leadership, HR, HQ Benefits and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
• Focus on communication and branding of all associate benefits
• Drive insurance renewal for the Fiserv India entity
• Develops the approach for administering health and wellbeing programs for Fiserv India in India in collaboration with local and global teams.
• Drives vendor market intelligence across the broader benefits portfolio & help organization to optimize ROI.
• Managing multiple vendors / services contracts & renewal.
• Leads the internal governance of functional metrics and health/insurance dashboards
• Drives the finalization of annual Fiserv India engagement calendar in partnership with site excellence and enables implementation of the events in conjunction with the global and India team.
• Works with Leaders, HRBPs, Talent Acquisition and the leadership team to effectively communicate/amplify Fiserv India’s Benefits philosophy and educate team members on the value of Total Rewards in partnership with communications.
• Manages and monitors health and wellbeing budgets and insurance
• Owns and drives company-wide special projects aligned to team/organizational needs

What you need to have:

• 10-12 years of experience in Compensation & Benefits
• Experienced graduate in any discipline or MBA Finance / HR
• Prior experience in people leadership with expertise in benefits portfolio management, preferably from a technology, technology-enabled, eCommerce organization or broker industries.
• Deep expertise in budgeting, vendor assessment, data requirement gathering, project management and process design & governance
• Strong network of peers in competitor organizations
• Awareness of market landscape and practices specifically in health and mental wellbeing
• Strong presentation skills and communication are desirable.
• Able to handle large size data in Excel skill
• Must be able to conduct self in a professional manner in dealing with highly sensitive information.
• Time management and analytical skills
• Utilize strong organizational skills to establish a plan, define objectives, set deliverables/timelines and implement quality standards.
• Past experience in matrix organization or corporate office will be preferred

Responsibilities

· Lead and manage compensation and benefits process for the OSBI, which includes monitoring and managing performance appraisal

systems, short term incentive plans, salary benchmarking, benefits benchmarking & renewals.

· Oversee the company salary and benefit structure and well as lead competitive market research to establish pay practices and systems

for effectiveness.

· Leading the annual salary review, considering internal & external parity for salary revision and promotion recommendation.

· Salary benchmarking for different grades and designations and deriving benefits accordingly.

· To lead and manage changes in compensation and benefits structures, ensuring a smooth transition for employees

· Ensuring that solutions are compliant to existing governmental and labour requirement, protect the interest of the organization in

accordance with HR policies

· To oversee the administration activities relating to C&B from remuneration review including all allowances, Pay for performance, Design

and Calculation

· Strategizing, leading and managing all projects, related to employee compensation and benefits

· Rack and identify trends in benefits program data to assist in making recommendations for management.

· Provide analytical support like pay trends, cost of labour, recommendations on salary packages, review benchmark positions.

· Providing input on the Function's budget requirements and accordingly control expenses of the Reward Function, ensuring it stays

within its operating budget

Lead Analyst - Compensation and Benefits.

Essential Duties & Responsibilities

• As a member of the Human Resources team, the Compensation and Benefits Lead Analyst establishes relationships within the HR function and provides support aligned to the strategic requirements of the business.
• In this capacity, the Lead Analyst will participate in compensation and benefits surveys, analyzing data to determine the organization’s competitive position within the regions.
• Support the design, implementation, and maintenance of all global base salary and short and long-term variable compensation programs, working closely with Total Rewards (TR) Leadership.
• Monitor trends in the competitive market to ensure both design and pay equity opportunities allow for the attraction and retention of high performers/key talent.
• Provide advice and support to HR team related to job evaluation, policy and interpretation of plans (including creative solutions to specific compensation-related programs).
• Review requests for new or revised job descriptions to determine target salary ranges based on the scope of the role and related Job Architecture attributes.
• Support activity for all Salary, Bonus and Equity Planning processes including system design, training, and implementation.
• Work closely with Benefits Manager to assist in administering, implementing, and maintaining employee benefits programs outside the US, ensuring compliance with country legislative benefits offerings.
• Compile benefits-related statistics and census data and summarize survey information to support benefits recommendations.
• Reconcile all EMEA benefits provider billings and process payment of invoices.
• Responsible for administration of global rewards and recognition platform, finding ways to increase engagement and utilization; communicates and executes on the companywide recognition awards, including nomination process and budget allocation.
• Performs other duties and special projects, as assigned.

Skills & Qualifications:

• A university degree in Human Resources, Finance or related discipline is strongly preferred. Certification in Compensation, Benefits and/or Human Resources (e.g.,
• CCP, CBP, SHRM) is a strong plus.
• At least of 8 years of compensation design and administration experience with at least 3 years of global experience in US and India.
• Working knowledge of country, federal and/or state regulations affecting the administration of broad-based or statutory benefits and retirement/pension plans including but not limited to FLSA, Equal Pay Act, Pay Transparency and GDPR.
• This role requires the ability to analyze a variety of data simultaneously, in order to evaluate internal equity, external competitiveness and legal compliance of the organization’s compensation and benefits practices.
• Ability to work with financial metrics and data with a solid understanding of how compensation design impacts financial outcomes; prepare analysis/reports on various design related initiatives for leadership and/or stakeholders.
• Demonstrates a high degree of autonomy by independently managing tasks, taking initiative to drive projects forward, and exercising sound judgment when making decisions without direct supervision.
• Strong mathematical and analytical aptitude used to prepare/analyze TR costs.
• Excellent problem-solving skills with the ability to research and resolve complex compensation-related issues.
• Detail oriented with strong attention to accuracy.
• Ability to work in a fast-paced environment, meet deadlines, multitask and work independently.
• Team player with demonstrated interpersonal skills and the ability to effectively communicate, negotiate, partner and consult with a wide variety of audiences.
• Advanced Microsoft Office (including Microsoft Excel and Power Point) and excellent research skills.

Role Purpose - The role holder enables attraction, engagement and retention of right talent for business needs, by designing and implementing remuneration & rewards frameworks, policies and packages, that are market competitive, uphold meritocracy, sustainable and aligned with the company’s strategic objectives. It is an end-to-end solutions role covering all aspect to ensure a successful remuneration and rewards management

Accountabilities:

• Identify and execute C&B interventions and facilitate organization to attract, motivate and retain best in class talent.
• These interventions can be across pay positioning, remuneration structure, incentive design, cost and productivity metrics, job evaluation, policy design etc.
• Annual remuneration review and variable pay processes.
• Engage with identified external consultants and conduct market assessments and benchmarking projects.
• Design and implement variable pay and incentive schemes across levels
• Benchmark organization benefit offerings against industry standards and best in class market practices. Design and improve benefit programs across organization.
• Regular Analytics and Dashboarding related to Remuneration, Budget etc.
• Track headcount and employee cost budget and proactively identify issues and action plan.
• Monitor and ensure process adherence for all remuneration and benefit programs across the organization.
• Identify and track key productivity and cost metrics

Educational Qualifications & Experience:

• MBA from Tier 1/1B Institute with 2 to 5 years of relevant experience.
• MBA from other institutes with 4 to 6 years of relevant experience.
• At least 2-year experience in Compensation & Benefits if coming from industry (non-consulting)

What does a successful C&B Expert do at Fiserv?

Responsible for aligning the Compensation and Benefits practices of the organization with the overall HR and organizational philosophy. Responsible for designing compensation, determining appropriate salary structures, managing annual salary revision exercises through surveys, analysis of positioning & budget development, communicating compensation programs to employees and management, monitoring the compensation program and making changes periodically, as necessary. Should be able to drive Compensation and best in class benefits practices individuality under the supervision of the Total Rewards Leader. This role will be based out of Pune.

What will you do:

Compensation

• Monitoring the organization’s Compensation structure and maintain balance between compliance, control of costs and attracting and retaining staff.
• Member of project team responsible for developing and executing technology roadmap for Market Intelligence & Annual Planning and the Total Rewards CoE.
• Perform quantitative and qualitative data analysis of key market intelligence indicators (via dashboards design including predictive analytics) and interlock with stakeholders to support actionable market intelligence.
• Maintain enterprise-level focus on compensation management activities, while understanding unique characteristics of state entities with a wide variety of missions.
• Consult with and educate Sr. Leaders and managers on the Fiserv Compensation philosophy, policies and structures.
• Researching and analysing market data to use for developing compensation structures. Ad hoc analysis for business leaders for key skills or talent. General market pricing of jobs through salary surveys
• Support the work of HR professionals within the CoE and the development of a truly global Fiserv HR organization delivering clients and communities.
• Undertaking job evaluations to ensure that the differences in pay between those doing different jobs within the organization are fair and are perceived to be so.
• May prepare RFPs and shortlist vendors. Responsible for timely completion of appraisal cycle/revision cycle.

Benefits

• Drive wellbeing and Benefits / rewards operations professionals to enable the development and successful implementation of Fiserv India Health and Mental Wellbeing policies and programs conceptualized in conjunction and partnership with the local and global and Benefits teams.
• Responsible for defining problem statements, goal setting, performance management, escalation management and coaching/mentoring the operations team across the health, wellbeing and operations functions
• Works closely with Fiserv India senior leadership, HR, HQ Benefits and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
• Focus on communication and branding of all associate benefits
• Drive insurance renewal for the Fiserv India entity
• Develops the approach for administering health and wellbeing programs for Fiserv India in India in collaboration with local and global teams.
• Drives vendor market intelligence across the broader benefits portfolio & help organization to optimize ROI.
• Managing multiple vendors / services contracts & renewal.
• Leads the internal governance of functional metrics and health/insurance dashboards
• Drives the finalization of annual Fiserv India engagement calendar in partnership with site excellence and enables implementation of the events in conjunction with the global and India team.
• Works with Leaders, HRBPs, Talent Acquisition and the leadership team to effectively communicate/amplify Fiserv India’s Benefits philosophy and educate team members on the value of Total Rewards in partnership with communications.
• Manages and monitors health and wellbeing budgets and insurance
• Owns and drives company-wide special projects aligned to team/organizational needs

What you need to have:

• 10-12 years of experience in Compensation & Benefits
• Experienced graduate in any discipline or MBA Finance / HR
• Prior experience in people leadership with expertise in benefits portfolio management, preferably from a technology, technology-enabled, eCommerce organization or broker industries.
• Deep expertise in budgeting, vendor assessment, data requirement gathering, project management and process design & governance
• Strong network of peers in competitor organizations
• Awareness of market landscape and practices specifically in health and mental wellbeing
• Strong presentation skills and communication are desirable.
• Able to handle large size data in Excel skill
• Must be able to conduct self in a professional manner in dealing with highly sensitive information.
• Time management and analytical skills
• Utilize strong organizational skills to establish a plan, define objectives, set deliverables/timelines and implement quality standards.
• Past experience in matrix organization or corporate office will be preferred

Role Purpose - The role holder enables attraction, engagement and retention of right talent for business needs, by designing and implementing remuneration & rewards frameworks, policies and packages, that are market competitive, uphold meritocracy, sustainable and aligned with the company’s strategic objectives. It is an end-to-end solutions role covering all aspect to ensure a successful remuneration and rewards management

Accountabilities:

• Identify and execute C&B interventions and facilitate organization to attract, motivate and retain best in class talent.
• These interventions can be across pay positioning, remuneration structure, incentive design, cost and productivity metrics, job evaluation, policy design etc.
• Annual remuneration review and variable pay processes.
• Engage with identified external consultants and conduct market assessments and benchmarking projects.
• Design and implement variable pay and incentive schemes across levels
• Benchmark organization benefit offerings against industry standards and best in class market practices. Design and improve benefit programs across organization.
• Regular Analytics and Dashboarding related to Remuneration, Budget etc.
• Track headcount and employee cost budget and proactively identify issues and action plan.
• Monitor and ensure process adherence for all remuneration and benefit programs across the organization.
• Identify and track key productivity and cost metrics

Educational Qualifications & Experience:

• MBA from Tier 1/1B Institute with 2 to 5 years of relevant experience.
• MBA from other institutes with 4 to 6 years of relevant experience.
• At least 2-year experience in Compensation & Benefits if coming from industry (non-consulting)

Lead Analyst - Compensation and Benefits.

Essential Duties & Responsibilities

• As a member of the Human Resources team, the Compensation and Benefits Lead Analyst establishes relationships within the HR function and provides support aligned to the strategic requirements of the business.
• In this capacity, the Lead Analyst will participate in compensation and benefits surveys, analyzing data to determine the organization’s competitive position within the regions.
• Support the design, implementation, and maintenance of all global base salary and short and long-term variable compensation programs, working closely with Total Rewards (TR) Leadership.
• Monitor trends in the competitive market to ensure both design and pay equity opportunities allow for the attraction and retention of high performers/key talent.
• Provide advice and support to HR team related to job evaluation, policy and interpretation of plans (including creative solutions to specific compensation-related programs).
• Review requests for new or revised job descriptions to determine target salary ranges based on the scope of the role and related Job Architecture attributes.
• Support activity for all Salary, Bonus and Equity Planning processes including system design, training, and implementation.
• Work closely with Benefits Manager to assist in administering, implementing, and maintaining employee benefits programs outside the US, ensuring compliance with country legislative benefits offerings.
• Compile benefits-related statistics and census data and summarize survey information to support benefits recommendations.
• Reconcile all EMEA benefits provider billings and process payment of invoices.
• Responsible for administration of global rewards and recognition platform, finding ways to increase engagement and utilization; communicates and executes on the companywide recognition awards, including nomination process and budget allocation.
• Performs other duties and special projects, as assigned.

Skills & Qualifications:

• A university degree in Human Resources, Finance or related discipline is strongly preferred. Certification in Compensation, Benefits and/or Human Resources (e.g.,
• CCP, CBP, SHRM) is a strong plus.
• At least of 8 years of compensation design and administration experience with at least 3 years of global experience in US and India.
• Working knowledge of country, federal and/or state regulations affecting the administration of broad-based or statutory benefits and retirement/pension plans including but not limited to FLSA, Equal Pay Act, Pay Transparency and GDPR.
• This role requires the ability to analyze a variety of data simultaneously, in order to evaluate internal equity, external competitiveness and legal compliance of the organization’s compensation and benefits practices.
• Ability to work with financial metrics and data with a solid understanding of how compensation design impacts financial outcomes; prepare analysis/reports on various design related initiatives for leadership and/or stakeholders.
• Demonstrates a high degree of autonomy by independently managing tasks, taking initiative to drive projects forward, and exercising sound judgment when making decisions without direct supervision.
• Strong mathematical and analytical aptitude used to prepare/analyze TR costs.
• Excellent problem-solving skills with the ability to research and resolve complex compensation-related issues.
• Detail oriented with strong attention to accuracy.
• Ability to work in a fast-paced environment, meet deadlines, multitask and work independently.
• Team player with demonstrated interpersonal skills and the ability to effectively communicate, negotiate, partner and consult with a wide variety of audiences.
• Advanced Microsoft Office (including Microsoft Excel and Power Point) and excellent research skills.