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- Conduct market research and analysis to ensure competitiveness of compensation packages.
- Develop and administer employee benefit programs, including health insurance, retirement plans, and wellness initiatives.
- Manage compensation structures, including salary bands, bonuses, and incentives.
- Ensure compliance with legal requirements and industry standards related to compensation and benefits.
- Collaborate with HR and finance teams to budget and forecast for compensation expenses.
- Provide guidance and support to employees regarding compensation and benefits inquiries.
- Evaluate and recommend changes to compensation and benefits programs based on company needs and employee feedback.
- Stay updated on industry trends and best practices in compensation and benefits administration.
- Prepare reports and presentations for senior management on compensation and benefitsrelated matters.
Compensation & Benefit Manager - FMCG/Retail (10-14 yrs) - Mumbai, India - iimjobs
