HR | Payroll and Compensation and Benefit | Chennai

Job Description We are looking for a Compensation and Benefits Specialist to oversee and administer the employee’s perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organisational trust and satisfaction. Key Responsibilities Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget Coordinates C&B processes like the salary planning, bonus planning, new benefits introduction, etc. Designs and develops compensation policies Analyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitiveness Designs and develops different schemes of the variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office and Enabling functions) Closely cooperates and manages the relationship with the external compensation consulting company Leads and manages compensation projects for the entire organization Participates as the team member in the strategic projects and initiatives Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs) Trains line managers in the complex usage of different HR and Compensation policies Advices top managers in taking difficult decisions in the area of compensation, benefits and motivation of employees Manages, leads and develops C&B Analysts Represent the organization at different HR conferences Qualifications Requirements Proven working experience as a compensation and benefits specialist 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 BS degree in human resources, business administration or finance