Compensation Benefits Manager

Key Responsibilities

• Compensation & Market Intelligence
• Lead Compensation Benchmarking And Market Pricing Across Field Force, Plant And Corporate roles.
• Manage Salary Surveys (Aon, Mercer, Wtw), Job Matching And Comparator selection.
• Run Market Gap Analysis By Grade, Function And Location And Recommend corrections.
• Job Architecture & Pay Structure
• Conduct Job Evaluation Using Ai Tools
• Design Salary Ranges With Sound Midpoint Progression And Range Spread / overlap.
• Monitor Compa-Ratio And Range Penetration To Guide Hiring, Promotion And Increment decisions.
• Pay Equity & Analytics
• Review Internal Equity And Run Periodic Pay Equity analysis.
• Define Pay Positioning And Build Compensation Models For Increments, Promotions And offers.
• Prepare Cost Impact Analysis And Total Rewards Dashboards For leadership.
• Compensation Programs
• Design Salary Structures, Sales Incentive Plans, Bonus And Retention programs.
• Manage Allowance Policies Such As City Compensatory, Relocation And accommodation.
• Performance Review & Esop
• Run The Annual Appraisal And Increment Cycle Using A Merit Matrix Linked To Ratings And Compa-ratio.
• Administer Esop Grants, Vesting And Exercise In Coordination With Finance And Legal.
• Benefits & Governance
• Manage Group Health, Life And Accident Insurance, And Statutory Benefits (PF, Gratuity, ESIC).
• Maintain C&b Policies And Ensure Compliance With The Code On Wages, Bonus And Gratuity Acts.

Required Skills

• 5+ Years Of HR Experience, Including At Least 5 Years In A Dedicated Compensation & Benefits role.
• Pharmaceutical Or Healthcare Industry Experience Preferred, Especially With Field Force Pay And incentives.
• Hands-On Experience With Salary Surveys, Job Evaluation And Running An Annual Increment cycle.
• Advanced Excel And HR Analytics Skills; Exposure To Power Bi And Hrms platforms.
• Strong Business Acumen, Discretion With Confidential Data And Stakeholder Management skills.