Petroexcel Technology - Compensation & Benefits Specialist

• Job Title : Compensation & Benefits (C&B) Specialist
• Location : Vadodara, Gujarat
• Experience : 8 to 11 Years
• Industry : Manufacturing / Engineering / Industrial
• Function : Human Resources - C&B
• Education : MBA/PGDM - HR (Tier 1/2 Institutes Preferred)
• About the Role:

We are looking for a passionate and detail-oriented Compensation & Benefits (C&B) Specialist to join our Human Resources Shared Services team. This role will play a pivotal part in driving strategic compensation practices, ensuring statutory compliance, and implementing effective reward strategies to attract, retain, and motivate talent.

• The position reports directly to the Head/Lead - Human Resources Shared Services.
• Key Responsibilities:
• Payroll Management:

• Ensure timely and accurate monthly payroll processing by collaborating with HR Operations and Finance teams, covering bonuses, incentives, and all statutory deductions (PF, ESI, TDS, etc.).

Salary Structure Design:

• Develop competitive and compliant salary structures. Design and monitor performance-linked incentive plans aligned with business goals.

Statutory Compliance:

• Ensure 100% compliance with Indian labor laws including Minimum Wages Act, Payment of Bonus Act, Gratuity Act, and Provident Fund Act.

Salary Benchmarking & Market Analysis:

• Conduct compensation benchmarking exercises, analyze industry compensation trends, and recommend adjustments to maintain internal and external equity.

Cost Analysis & Budgeting:

• Forecast compensation costs and prepare budgets for salary revisions, performance bonuses, and benefit enhancements.

HRIS & Data Management:

• Maintain updated compensation data in systems like Darwinbox and SAP SuccessFactors. Generate dashboards and analytics for leadership.

Job Evaluation & Grading:

• Implement and maintain a transparent job evaluation and grading framework ensuring role clarity and internal parity.

Audit & Compliance:

• Support internal and external audits related to payroll and benefits. Ensure timely documentation and closure of observations.

Annual Appraisal Process:

• Lead and finalize the compensation revision process post annual performance reviews.

Key Qualifications:

• MBA/PGDM in Human Resources from a reputed institute
• 8-11 years of experience in Compensation & Benefits
• Strong understanding of Indian statutory labor laws and compliance requirements
• Proficiency in HRIS platforms (Darwinbox, SAP SuccessFactors preferred)
• Experience in salary benchmarking and job grading methodologies

Skills Required:

• Job Evaluation & Grading
• Payroll Management & Taxation
• Salary Benchmarking & Market Analysis
• Statutory Compliance & Audits
• Data Analysis (MS Excel, Power BI preferred)
• Budgeting & Cost Planning

Behavioral Competencies:

• Analytical & Detail-Oriented
• Strong Time Management
• Execution Excellence
• Flexibility & Adaptability
• High Result Orientation

What We Offer:

• Opportunity to work in a dynamic and performance-driven environment
• Competitive compensation and benefits
• Exposure to strategic HR functions and cross-functional collaboration
• Strong focus on compliance, analytics, and HR technology

• Add following details in resume:
• Compensation and Availability Details:
• Current CTC:
• Expected CTC:
• Notice Period:
• Is your notice period negotiable? (Yes / No)
• Are you open to relocating to Vadodara? (Yes / No / Already based in Vadodara)