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Job Description
You may be assessed on the key critical skills relevant for success in role, such as experience with Compensation Benchmarking, Job Architecture, Compensation Delivery, Statutory compliances, and Compensation Analytics & dashboarding as well as job-specific skillsets.
To be successful as a Compensation Specialist you should have experience with:
Basic/ Essential Qualifications
- Prior experience in Compensation or Reward roles
- Postgraduate in business administration / Personnel management / Statistics/ Finance
- Proficient in running/creating compensation & incentive models and bespoke compensation tools
- Understanding of analytical & dashboarding support needed for the delivery of Reward processes
- Understanding of compliances under the labour codes.
- Ability to analyse date into tangible summary/recommendations
- Advanced Excel skills; Logical, analytical and numerate, financial literacy, Eye for detail.
- Comfortable working with large amounts of data to present accurate, concise reports.
- Understanding of local regulatory requirements, local employment and Personal tax laws/codes.
- Able to work in a changing environment under pressure, and within timelines.
- Good understanding of Reward processes and practices
Purpose of the role
To develop, implement and maintain compensation programmes and provide advice to resolve any related issues.
Accountabilities
- Development (including design and related analysis), implementation and delivery of compensation programmes aligned to the organisations strategy and applicable regulations, including the provision of advice throughout the employee lifecycle and during the annual pay review, advising on related services and the resolution of reward and compensation issues from employees, people leaders, or regulators.
- Communication and engagement to educate employees and people leaders on the compensation offering and structure including in relation to salary, bonus, and allowances recognition schemes.
- Review the competitiveness and relevance of the compensation programmes including salary, bonuses and allowances, as appropriate.
- Administration and delivery of compensation services, including the planning of cyclical activities, developing and testing relevant processes and systems, and managing external vendors/stakeholders and engaging with other HR teams where relevant to ensure effective delivery of these.
- Compensation reporting, analytics and forecasting to support management decision-making during compensation programme development and the annual pay review, utilising internal and external data. .
- To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
- Requires in-depth technical knowledge and experience in their assigned area of expertise
- Thorough understanding of the underlying principles and concepts within the area of expertise
- They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
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- If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
- OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
- Will have an impact on the work of related teams within the area.
- Partner with other functions and business areas.
- Takes responsibility for end results of a teams operational processing and activities.
- Escalate breaches of policies / procedure appropriately.
- Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
- Advise and influence decision making within own area of expertise.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
- Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
- Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Make evaluative judgements based on the analysis of factual information, paying attention to detail.
- Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
- Guide and persuade team members and communicate complex / sensitive information.
- Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
Skills
ReportingIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Barclays is a leading global bank with over 300 years of history, known for pioneering innovations such as funding the world’s first industrial steam railway in 1819 and unveiling the first automated teller machine in 1967. Headquartered in London, United Kingdom, Barclays operates in more than 40 countries, offering services in corporate banking, investment banking, wealth management, and retail banking (in select markets).
In India, Barclays has maintained a branch presence since 1990 and today employs 30,000+ people across banking, technology, and shared services operations. The bank holds market‑leading positions in corporate and investment banking, has been a top arranger of domestic debt since 2010, and operates a leading private banking arm through Barclays Securities & Investments Pvt. Ltd. (BSIPL).
Barclays offers career opportunities in finance, technology, operations, and client advisory, attracting professionals who value innovation, integrity, and global impact. Its India operations are supported by the Barclays Global Service Centre, which delivers high‑quality talent and technology solutions to the bank’s worldwide network.
Important dates & deadlines?
Application Deadline
20 Jun 26, 06:10 PM IST
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Compensation Specialist
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