Specialist - Compensation & Benefits - Constructions/Manufacturing/Steel Industry (2-5 yrs) - Mumbai/Worli, India - iimjobs

Description

As a Compensation and Benefits Specialist, the incumbent will play a crucial role in designing, implementing, and managing our compensation and benefits programs and will collaborate with cross-functional teams to ensure competitive and attractive total rewards packages that align with our organizational objectives.

This position requires a keen understanding of market trends, compliance, and a strategic approach to optimizing our compensation and benefits offerings.

• Conduct regular market research to assess the competitiveness of our compensation structures.
• Analyze internal and external salary data to ensure equitable pay practices.
• Develop and maintain salary structures that align with industry standards and company goals.

• Manage employee benefits programs, including health insurance, retirement plans, and other perks.
• Stay informed about industry trends and legislative changes to ensure compliance.
• Collaborate with vendors to evaluate and enhance benefit offerings.

• Conduct job evaluations to ensure accurate position classification and leveling.
• Develop and maintain a job grading system to support consistent and fair compensation practices.

• Work with HR leadership to develop and update compensation and benefits policies.
• Ensure policies align with legal requirements and industry best practices.

• Communicate changes in compensation and benefits programs to employees.
• Provide education and guidance to employees on total rewards offerings.

• Bachelor's/PG degree in Human Resources, Business Administration, or related field.
• 24 years of experience in compensation and benefits administration.
• Indepth knowledge of relevant employment laws and regulations.
• Strong analytical and problemsolving skills.
• Excellent communication and interpersonal skills.