97 Compensation And Benefits jobs in Bengaluru

Compensation - Compensation & Benefits Administration Role JD:

As a core member of the Compensation team, you will be responsible for delivering HR service support to the HR community, business managers, and employees. Reporting to the Team Lead, you will provide high-level support for internal customers, ensuring accurate and timely processing of information for all stakeholders.

Your Responsibilities:

• Work across geographies and different regulatory environments.
• Analyse and understand complex problems and their resulting dependencies.
• Exhibit excellent attention to detail, time management, and multitasking skills.
• To manage the compensation operation processes like Annual Salary Review, Scorecard, Short Term Incentives (Annal Incentive Plan, Sales Incentive Plan), Long Term Incentives etc process for all ensuring accuracy, timely execution. This includes all compensation related reporting as required including and not limited to one process / region
• Monitor compensation-related data in Workday, including salary and annual processes (ASR, STI, etc), ensuring all supporting documentation is in place.
• To manage the regional and global employee benefits for employees.
• Vendor management for employee benefits, coordinating and procuring services timely.
• Support on day-to-day standard and any ad-hoc workday reports related to compensation to global and regional stakeholders.
• Manage employee data accurately from compensation perceptive in workday, to ensure accuracy of inputs to all upstream and downstream systems.
• Oversee time-sensitive procedures and ensure that data, such as salary and one-time payments, is validated for data quality and accuracy.
• Create and adhere to SOPs and WIs defined for each process.
• Identify process deficiencies/ area of opportunities, perform initial root cause analysis to support continuous improvements.
• Capture Compensation-related activities and record employee queries in organization ticketing tool(ServiceNow), ownership of the complete process flow from data validation, calculation until payouts are processed.
• Ensure execution and delivery of compensation services according to defined Service Level Agreements (SLAs) such as TAT, quality, and Customer Satisfaction (C-SAT).
• Extract reports for internal data quality through ad-hoc queries or customized transactions
• Demonstrate willingness to learn and implement new learning in an innovative manner to support enhancement and efficient operations.
• Live Hitachi Energy core values of safety and integrity, taking responsibility for your actions while caring for your colleagues and the business.

Your background

• Masters degree in any stream
• At least 4+ years of experience in HR Shared Services in a global organization.
• Proven experience in compensation related activities not limited to annual salary review, short term incentives, long term incentives is a must.
• Prior experience in managing global benefits is an added advantage
• Proficiency in MS Office (Excel, PowerPoint, PowerBI, PowerApps etc)
• Excellent written and verbal communication
• Strong stakeholder management and presentation skills.
• Manage and deliver multiple projects on time and work with cross functional teams across varied time zones.
• A collaborative, solutions-oriented approach, strong analytical skills and a proactive way of working to serve.
• Flexible to work in shifts, with high performance teams and ability to work in a fast-paced, multi-tasking, high transaction team environment.

Key Result Areas (KRAs):

Compensation Strategy and Planning :

Support in developing and implementing compensation strategies and structures aligned with the organization's policies, while considering local market conditions in India.

Work on competitive benchmarking and analysis of compensation packages to ensure the company remains competitive in the market.

Collaborate with senior HR leadership to help define and implement pay philosophy and merit increase guidelines

Salary Structure Design :

Review and recommend actions to align internal pay practices with external market data, creating and maintaining a structured salary scale.

Define hiring ranges for various cohorts to support talent acquisition team in line with organizational objectives

Compensation Data Management & Reporting :

Lead and manage the compensation survey participation process, ensuring accurate data submission.

Provide in-depth analysis and reporting on compensation data, including pay equity, market competitiveness, internal consistency, and regulatory compliance.

Participate and contribute in annual compensation budgets and work with finance teams to ensure alignment with financial goals.

Create and manage compensation dashboards as per business goals with regular consulting insights provided to HR Leadership teams on possible actions to be taken at appropriate times

Compliance and Regulatory Oversight :

Ensure adherence to local and global company policies, particularly in India.

Participate and contribute to statutory reporting requirements related to compensation, including compliance with government wage regulations and tax structures.

Total Rewards Program Management :

Manage reward programs, ensuring alignment with organizational goals and culture, with special focus on employee satisfaction and retention in the Indian market.

Collaborate with the benefits team to design comprehensive total rewards packages that include base pay, bonuses and benefits.

Drive harmonization and alignment among various organization entities as per guidance provided by leadership

Stakeholder Management and Advisory :

Act as a trusted advisor to senior management, business leaders, and HR partners on compensation-related matters.

Provide guidance and support to local HR teams in India regarding compensation decisions, negotiations, and compensation philosophy alignment.

Work closely with shared service(s) teams to enable/equip them to support compensation processes

Help build the Compensation Shared Services concept for India

Technology & System Implementation :

Lead or support the implementation of compensation management systems, integrating them with HRIS for seamless data management.

Ensure effective use of technology to streamline compensation processes, reporting, and analytics.

Employee Communication and Education :

Develop and deliver communication materials and sessions to enhance employee understanding of compensation-related matters.

Create FAQs for critical compensation processes to enable business managers.Essential Job Requirements:

Educational Qualifications :

A Bachelor’s degree in Human Resources, Business Administration. A Master’s degree or certification in Compensation and Benefits (e.g., CCP - Certified Compensation Professional) is preferred.

Experience :

7-10 years of experience in compensation management, ideally within a multinational organization or a large enterprise with a focus on India and its labor laws.

Proven experience in designing and implementing compensation structures, conducting salary benchmarking, and handling compensation-related queries at a strategic level.

Basic understanding of compensation policies, labor laws, tax regulations, and market trends in India, along with exposure to global compensation frameworks.

Rewards consulting experience would be a plus

Key Skills :

Strong analytical skills with the ability to synthesize large volumes of compensation data and present insights to senior leadership.

Proficiency in compensation management software (preferably SAP) and advanced Excel skills (including pivot tables, VLOOKUP, etc.).

Excellent communication skills, both written and verbal, with the ability to influence and collaborate with various stakeholders, including senior management, HR partners, and external vendors.

Strong project management skills with experience in implementing compensation processes or system enhancements.

Knowledge and work experience with managing data analytics with Python and R would be a plus

Knowledge :

Strong understanding of the Indian job market, competitive compensation trends, and relevant government regulations and statutory requirements.

Knowledge of global compensation and benefits practices and how to adapt them for local execution in India.

Behavioral Competencies :

Strategic thinker with strong business acumen and the ability to align compensation strategies with business objectives.

Ability to handle confidential information with discretion and integrity.

Solution-oriented with the ability to resolve complex compensation issues effectively.

Self-motivated, collaborative, and able to thrive in a fast-paced and dynamic environment.

B.E / B. Tech / MBA

7-10 years

About ANSR:

ANSR is a market leader in enabling organizations build, manage and scale global teams through Global Capability Centers (GCCs). We provide full life-cycle services including GCC design, set up and enabling operations. For over 18 years, companies cutting across size, industry and markets have relied on ANSR’s expertise to successfully build global business and technology teams. Since its inception, ANSR has established over 90 GCCs.

Our experience spans across industries including retail / CPG, banking, insurance, travel & transportation, and healthcare. We operate in supply-rich locations like India, Central and Eastern Europe, South America, Canada, and Southeast Asia.

Key Responsibilities:

Work with the People, Organization and Culture team to deliver high quality, effective Compensation and Benefits solutions tailored for ANSR’s clients with focus on the following areas:

• C&B design, including pay ranges, pay structuring, pay mix, and benefits design
• Play an integral role in delivering the annual pay review and bonus processes at ANSR clients.
• Align with statutory compliance;
  be aware of market practices and developments.
• Compensation and Benefits market benchmarking, trends, and advisory
• Job evaluation and leveling.
• Annual C&B cycle budgeting, management, and execution
• Present solutions and recommendations in a structured and articulate manner to client and/or ANSR internal teams
• Conduct due diligence for renewals and trends for Insurance and employee wellness programs at ANSR clients.
• Coordinate with HR operations to implement the programs in consultation with the HR business partner.
• Liaise with Benefits Partners / vendors and work with other functions such as HR operations and finance to execute Benefits Programs at ANSR clients.
• Provide CoE consulting advice to established clients, design and implement specific rewards-related projects. Manage C&B Project Modules under guidance of C&B / POC leadership.

Experience and Requirements:

Required Experience and Skills:

• 3+ years of experience in a compensation role. A mix of consulting and field C&B is preferred.
• All-round understanding of Total Rewards design principles and their application, along with associated business acumen.
• Familiarity with one or more of the leading Job Evaluation frameworks.
• Experience in conducting annual compensation cycles.
• Experience in engaging with and onboarding benefits vendors.
• High level of Proficiency in MS Office, particularly in MS Excel.
• Strong communication skills and ability to present complex data and insights.

Preferred experience and Skills:

• Proficiency in data visualization tools such as Power BI.
• University degree in HR with a Masters / MBA strongly preferred.
• Relevant certifications from widely recognized professional bodies.

Required Competencies:

• Good attitude, Team player and High Collaboration: Working with Talent Acquisition, Business partnering and Other teams on client delivery.
• Technical Expertise: Compensation & Benefits exposure as outlined above.
• Detail Orientation and Analytical Ability: Exhibits attention to detail and ability to analyse information for deriving key insights efficiently and accurately.
• Problem Solving: Identifies problems and uses logic, judgment, and data to evaluate alternatives and recommend solutions to achieve the desired organizational goal or outcome.
• Written and Verbal Communication : Delivers clear, effective communication and takes responsibility for understanding others. Understands complex ideas, but able to simplify and explain problems and solutions in terms everyone can understand.
• Self-confidence: Confidently conveys their knowledge and know-how to others. Commands the respect of others through their subject matter expertise and enthusiastic approach for building client’s brand awareness and creating a unique place for each of ANSR’s clients.
• Ability to improvise: Because organizations are always evolving and changing, able to foresee and implement multiple solutions.
• Excellent listening skills: Before solutions can be discovered, problems need to be fully understood. Carefully listens to the needs of clients to implement solutions that address their specific needs.
• Trustworthy: Develops strong relationships with clients, based on integrity and trust
• Ethical Standards and Confidentiality: Acts in an honest and trustworthy manner in all interactions. Ensure company policies, programs, and culture reflect a high integrity environment. Upholds the highest standards in maintaining confidentiality of client and company data.

• Conduct market research and analysis to benchmark salaries, bonuses, and benefits against industry standards and competitor offerings.
• Develop and maintain job evaluation systems, including job grading and salary structures.
• Design and administer various compensation programs, including base pay, variable pay, sales incentives, and long-term incentives.
• Analyze the effectiveness of existing compensation and benefits programs and recommend adjustments to ensure competitiveness and equity.
• Manage the annual salary review and bonus process, ensuring timely and accurate execution.
• Administer employee benefits programs, including health insurance, retirement plans, life insurance, and other voluntary benefits.
• Ensure compliance with all federal, state, and local regulations related to compensation and benefits (e.g., Fair Labor Standards Act, ERISA).
• Prepare reports and presentations on compensation and benefits data for senior management and stakeholders.
• Collaborate with HR Business Partners and hiring managers on compensation-related matters, including offer negotiations and retention strategies.
• Develop clear and concise communication materials to explain compensation and benefits programs to employees.
• Oversee the administration of HRIS systems related to compensation and benefits data.
• Stay abreast of emerging trends and best practices in compensation and benefits management.

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. A Master's degree is a plus.
• Minimum of 5-7 years of progressive experience in compensation and benefits analysis and administration.
• Proven experience in conducting market analysis, job evaluation, and designing salary structures.
• In-depth knowledge of various types of employee benefits programs and their administration.
• Strong understanding of relevant labor laws and regulations pertaining to compensation and benefits.
• Proficiency in HRIS systems (e.g., Workday, SAP HR) and advanced Excel skills for data analysis and modeling.
• Excellent analytical, quantitative, and problem-solving abilities.
• Strong communication, presentation, and interpersonal skills.
• Ability to manage confidential information with discretion.
• Experience in the technology or manufacturing sector is advantageous.
• Certified Compensation Professional (CCP) or similar certification is highly desirable.