Compensation & Benefits Manager_SUPPORT SERVICES_0870_1288_1049468

Compensation Benchmarking

• Participate in compensation benchmarking studies through sponsored and forum-based surveys.
• Partner with Business HR teams to assess compensation needs across business verticals.
• Analyse market data, internal parity, and benchmarking outcomes to support compensation decisions.
• Support annual compensation budgeting, simulations, and planning activities.
• Collaborate with business teams on compensation proposals, rating normalization, and review processes.
• Engage with leadership teams during compensation review discussions.
• Drive seamless execution and closure of annual compensation cycles.
• Manage off-cycle compensation reviews and retention-related compensation interventions.
• Conduct proactive compensation reviews based on internal equity, market positioning, and retention considerations.
• Y-O-Y Process Improvement to ensure the PRAISE Process is seamless.
• Agile action on Ground level feedback on process points of improvement.
• Partaking accountabilities on change in Compensation Philosophy / design
• Managing the Tech Platform for PRAISE
• Monitor incentive schemes for Business Units in purview and also earnings vis a vis Business Objective achievement.
• Work on incentive calculations, analysis and approval process. Payouts being accountability of Payroll Team †Pre-decide Roles covered and ensure seamless adherence of Incentives only for those roles.
• Monitoring of payout of Incentives
• Support annual bonus planning, budgeting, simulations, and performance-linked variable pay programs.
• Partner with business leaders to finalize annual bonus plans and related compensation proposals.
• Manage job evaluation activities for designated business segments and coordinate with Job Evaluation Committees.
• Define and maintain compensation bands for critical hiring roles.
• Monitor and govern hiring compensation ranges in alignment with approved frameworks.
• Participate in organization-wide HR transformation, compensation, and policy projects.
• Deliver compensation analytics before, during, and after compensation review cycles.
• Analyze internal compensation, market benchmarks, hiring trends, and workforce insights.
• Monitor industry compensation trends relevant to business segments.
• Evaluate linkages between variable pay, business outcomes, productivity, and earnings.
• Recommend interventions for retention, compensation corrections, and productivity enhancement.

Compensation Review Process:

Variable Pay:

Job Band and Pay Bands & Projects:

Compensation Analytics: