Senior Manager - Compensation & Benefits - Financial Services
Human Resource (HR)/ Talent Acquisition
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Job Description
Role Overview:
We are seeking an experienced Senior Manager - Compensation & Benefits (C&B) to lead and manage total rewards strategy for our India operations. This role will be responsible for designing, implementing, and managing compensation and benefits programs that align with Oaktree's global policies while being competitive within the local market.
Key Responsibilities:
Compensation Strategy & Design:
- Develop and implement compensation frameworks (base, variable pay, incentives) aligned to business goals and global standards.
- Conduct salary benchmarking, market analysis, and ensure pay competitiveness.
- Partner with global HR and leadership on annual compensation planning and budgeting.
Benefits Management:
- Design and manage employee benefits programs including health, wellness, retirement, insurance, and flexible benefits.
- Evaluate and enhance benefit offerings to support employee engagement and retention.
Performance & Rewards:
- Collaborate with HRBPs and business leaders to align rewards with performance management outcomes.
- Drive pay-for-performance culture and ensure consistency in reward decisions.
Compliance & Governance:
- Ensure C&B policies adhere to Indian labor laws, tax regulations, and global compliance standards.
- Partner with external consultants and vendors to optimize compensation and benefit programs.
Analytics & Reporting:
- Use data and analytics to measure effectiveness of programs and recommend enhancements.
- Prepare regular dashboards and reports for leadership on compensation metrics.
Qualifications & Experience:
- MBA / Master's degree in HR, Business Administration, or related field.
- 8-12 years of progressive HR experience with strong focus on Compensation & Benefits, preferably in financial services, consulting, or global capability centers.
- Strong knowledge of Indian labor laws, tax implications, and benefits landscape.
- Proven expertise in compensation benchmarking, analytics, and market surveys.
- Experience in handling annual compensation review cycles, incentive planning, and benefits redesign.
Skills
Compensation And RewardsBenefits And RewardsHR OperationsHR Jobs In BFSICompensation And BenefitsCompensation StrategyCompensationEmployee EngagementHrIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
We are Xpheno (pronounced ‘ex-feeno’), a Specialist Talent Solutions company that offers Direct Hire, RPO, IT Staff Augmentation, Executive Search, Engineering Professional Services & Sales/Support Staffing services. Founders Kamal Karanth and Anil Kumar ET, who have served in marquee staffing companies as Managing Directors in their previous stints, have come together with a seasoned, like-minded team, to lead Xpheno. Xpheno the name, is short for extended phenotype. It is derived from the concept of genes and their effect on the environment. We believe that this concept lends itself to the world of human resources perfectly because when placed in a role that best suits their abilities, people are able to influence large teams and companies. Thereby, having a huge, positive impact on the Eco-system and very often on the way we live. At Xpheno, we understand that organisations need to get talent at the right speed, scale, quality, and at the right costs, or what we call SSQC. However, at the foundation of this are people, and the relationships we build with them. It’s the conversations we have, and the bonds we form that are critical for aspirants to make a decision. Our team’s industry expertise in Life Sciences, Consumer & Retail, Automotive, Construction, Infrastructure and IT enables us to find the right people, for the right role and thereby ensuring that we fulfill our promise every time.
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