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Manager Compensation & Benefits

Job Description

Title : Manager Compensation & Benefits 

Reports to : President HR

Experience : 08 - 15 years 

Location : Mumbai/ Thane 

Industry Preference : Manufacturing\Retail  

Responsibilities : 

- Define a fair, equitable and competitive total compensation package that fits and is aligned to our company's strategy and business goals 

- Develop a consistent compensation philosophy in line with work culture and organisational objectives 

- Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc) 

- Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations 

- Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees 

- Prepare job descriptions, job analysis, job evaluations and job classifications 

- Participate in salary and labour market surveys to determine prevailing pay rates and benefits 

- Differentiate pay systems to invest in the segments of workforce that contribute the most value 

- Deploy effective communication strategies and success metrics 

- Conduct ongoing research into emerging trends, issues and best practices 

- Conduct periodic audits and prepare reports 

Requirements : 

- Proven working experience as a compensation and benefits specialist in a Manufacturing or Retail organization 

- Prior experience in HR practices and compensation cycle management 

- Working knowledge of job evaluation and job analysis systems 

- Previous experience with organisational psychology and labour market surveys 

- Adequate knowledge of current labour rules and regulations 

- Familiarity with various types of incentives and benefits 

- Extensive knowledge of HRIS and MS Office 

- Strong quantitative and analytical skills