Compensation & Benefits Lead

Department Icon Human Resource (HR)/ Talent Acquisition
Posted: 2 months ago
10-16 years
Mumbai,Bangalore
Human Resource (HR)/ Talent Acquisition
work from office
Full Time

Posted: 2 months ago
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Job Description

Primary Accountabilities:

  • Monitor market trends, compensation and benefits practices, and industry benchmarks to ensure competitiveness.
  • Lead and oversee the design, development, and deployment of Compensation & Benefits (C&B) frameworks, programs, and initiatives across relevant geographies and business areas.
  • Review, streamline, and continuously improve C&B processes, policies, and systems to enhance effectiveness and efficiency.
  • Lead the team in the analysis, design, development, implementation, and deployment of C&B programs and initiatives.
  • Ensure zero-defect execution and high-quality delivery across C&B processes and programs.
  • Design and drive communication and change management initiatives in collaboration with HR stakeholders and business leaders.
  • Manage external vendors supporting C&B activities, including supplier and advisory/consulting relationships.
  • Ensure effective vendor governance, contract and agreement management, and adherence to agreed service levels.
  • Ensure timely and accurate vendor payment processing and resolution of related issues.
  • Ensure all C&B programs and processes comply with applicable statutory, regulatory, and organizational requirements.
  • Build and maintain strong relationships with key HR and business stakeholders to ensure alignment and effective delivery.

Secondary Accountabilities:

  • Lead the team in developing C&B programs, governance frameworks, and operating mechanisms.
  • Oversee and support salary audits to ensure accuracy, consistency, and compliance.
  • Lead C&B support for special projects and strategic initiatives as required.
  • Review, consolidate, and analyze C&B reports and management information to support decision-making.

Key Performance Indicators (KPIs):

  • Market competitiveness and industry alignment of C&B programs and practices.
  • Effective planning and implementation of compensation and benefits programs.
  • Successful delivery of special C&B projects and strategic initiatives.
  • Design and implementation of C&B programs at global, regional, and country levels, based on business requirements.
  • Effective co-creation and collaboration with HR and business stakeholders in program design and implementation.
  • Introduction of new C&B policies, processes, systems, and initiatives.
  • Continuous process and system enhancement, automation, and integration across the C&B function.
  • Effective supervision of C&B operations and periodic BAU activities.
  • Quality and timeliness of C&B MIS, analytics, and reporting.
  • Effective vendor and advisory partner management.
  • Strong C&B compliance and governance across regional, country, and global requirements.
  • Effective escalation management and stakeholder/customer experience.

Skills

Compensation And BenefitsTotal RewardsCompensation And RewardsHR OperationsCompensationHr

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About Company

RiverForest Connections (USA, Canada and India) provides advice & execution support on all matters in relation to Talent Acquisition

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