AddressSenior Manager - Compensation & Benefits
The Senior Manager - Compensation & Benefits will be required to develop, coordinate and implement effective strategies, procedures and programs related to compensation and benefits during consulting assignment for the clients. Support set-up and scaling of new GCCs.
The incumbent will be on the payroll of a Global Consulting firm and deputed at their client's location (Fortune 500 Healthcare MNC)
Key Responsibilities:
Work with the People, Organization and Culture leadership team to deliver high quality, effective Compensation and Benefits solutions tailored for the 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 for the clients.
- Align with statutory compliance; be aware of market practices and developments.
- Compensation and Benefits market benchmarking, trends, and advisory
- Job evaluation and levelling.
- Annual C&B cycle budgeting, management, and execution
- Present solutions and recommendations in a structured and articulate manner to client or internal teams
- Conduct due diligence for renewals and trends for Insurance and employee wellness programs for the 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 for the 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:
- 6 to 8 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.
