Lead - Compensation and Benefits

Designation : Lead/ Associate Lead – C&B .

Skills:

Excellent communication skills
Overall experience of 9 years or more in HR compensation & Benefits .
Individual contributor role .

The position will be Bangalore based with hybrid working allowed.
Work mode – Hybrid ( 10 days in office per month )
Shift – General.

Compensation & Benefits Lead/Senior Lead:

• Compensation Strategy & Design

• Develop and implement compensation strategies aligned with business goals.

• Design base pay structures, incentive plans, and other benefits.

• Conduct job evaluations and market pricing to ensure competitive pay.

• Share inputs based on learning from previous iterations to enhance the value add of the function`s processes to the organization.

• Develop and implement sales compensation plans that align with company objectives.

• Collaborate with sales leadership, finance, and other stakeholders to ensure plans drive desired behaviors.

• Benchmark compensation structures against industry standards.

• Plan Administration

• Maintain and update compensation plans, policies, and documentation.

• Ensure accurate and timely calculation of commissions, bonuses, and incentives.

• Manage exceptions, disputes, and escalations related to compensation.

• Market Benchmarking & Analysis

• Lead salary surveys and benchmarking studies.

• Analyze compensation trends and provide insights to leadership.

• Maintain internal equity and external competitiveness.

Policy Development & Governance:

• Create and maintain compensation policies and guidelines.
• Ensure compliance with labor laws, tax regulations, and internal controls.
• Support audits
• Operational Execution/Program Deployment
• Oversee annual compensation cycles (e.g., merit increases, bonus payouts, Other compensation programs).
• Partner with HRBPs and business leaders during salary reviews / promotions/Roll out of various compensation programs
• Manage compensation systems and tools as applicable.
• Stakeholder Collaboration
• Work with business leaders and other stakeholders on compensation decisions.
• Educate managers and employees on compensation philosophy and practices.
• Support organizational change initiatives (e.g., M&A, restructuring).
• Reporting & Analytics
• Generate compensation reports and dashboards for leadership.
• Monitor pay equity, gender pay gap, and other DEI metrics.
• Forecast compensation budgets and model cost impacts of plan changes.
  Global & Regional Alignment (As applicable)
  Coordinate compensation practices across geographies.
  Ensure alignment with global frameworks while respecting local norms.

Education: MBA

Preferred skills: HRD->HRD - Others