Compensation & Benefits Specialist

Position: Compensation & Benefits Specialist

Location: Delhi

Experience: 4 - 8 Years

Function: Human Resources - Compensation & Benefits

About the Role:

We are looking for a Compensation & Benefits Specialist to manage and support the organisation's compensation programs, salary structures, benefits, annual increments, incentives and C&B analytics.

The ideal candidate should have strong Excel and analytical skills, good understanding of compensation practices and Indian statutory requirements, and the ability to work closely with HR, Finance and business stakeholders.

Key Responsibilities:

• Manage the annual compensation review and increment cycle, including salary revisions, promotions and related processes.
• Conduct salary benchmarking and market analysis to ensure compensation remains competitive.
• Maintain and analyse employee compensation data, salary structures, grades and bands.
• Support development and administration of variable pay, incentive and bonus plans.
• Prepare compensation proposals for new hires, promotions and internal movements.
• Manage employee benefits programs including insurance, leave and other employee benefits.
• Coordinate with Payroll/Finance teams to ensure accurate and timely compensation processing.
• Prepare monthly/quarterly C&B MIS, dashboards and management reports.
• Analyse compensation trends, manpower costs and compensation budgets.
• Ensure accuracy and confidentiality of employee compensation data.
• Support HR and Finance teams during audits and statutory/compliance requirements related to compensation and benefits.
• Respond to employee and HR queries related to salary, benefits, incentives and compensation policies.
• Identify opportunities to improve C&B processes, reporting and automation.

Candidate Profile:

• Graduate/MBA/PG in HR, Finance, Business Administration or a related field.
• 4 - 8 years of relevant experience in Compensation & Benefits, Rewards, HR Analytics or related HR functions.
• Strong understanding of salary structures, compensation benchmarking, increments, incentives and benefits.
• Good knowledge of Indian payroll and statutory components such as PF, ESIC, Gratuity, Bonus and applicable labour regulations.
• Excellent MS Excel skills; experience with HRMS/HRIS is preferred.
• Strong analytical and numerical skills with attention to detail.
• Ability to handle confidential employee and compensation information.
• Good communication and stakeholder-management skills.
• Experience in a mid-sized/large organisation or MNC environment will be an advantage