Job Description
JOB DESCRIPTION- SAP Compensation, Variable Pay & Benefits Lead
NOTE- Immediate to 15 Days Notice Period Candidates will be considered.
Position Overview
Oversee and execute the end-to-end Compensation, Variable Pay, and Employee Benefits architecture. Ensure competitive, compliant, and data-driven pay structures while driving operational accuracy, cost efficiency, and strong alignment with business performance.
Key Responsibilities
NOTE- Immediate to 15 Days Notice Period Candidates will be considered.
Position Overview
Oversee and execute the end-to-end Compensation, Variable Pay, and Employee Benefits architecture. Ensure competitive, compliant, and data-driven pay structures while driving operational accuracy, cost efficiency, and strong alignment with business performance.
Key Responsibilities
- Compensation Management
- Lead annual increment, merit, promotion, and market-adjustment cycles.
- Perform salary benchmarking and role evaluations using market data (e.g., Mercer, Aon).
- Manage salary bands, pay structures, and internal pay equity audits.
- Provide data-backed compensation proposals for new hires, promotions, and retention cases.
- Variable Pay & Incentives
- Design, administer, and govern short-term incentive, bonus, and sales pay plans.
- Execute monthly, quarterly, and annual variable pay calculations, audits, and payouts.
- Partner with Finance and Business Unit leaders to define, track, and validate target KPIs.
- Benefits Administration & Vendor Management
- Manage health insurance, leaves, wellness initiatives, and retirement benefits.
- Lead vendor management, SLA tracking, broker negotiations, and program renewals.
- Resolve escalated employee queries and ensure clear benefit policy communications.
- Governance & Statutory Compliance
- Maintain C&B policy compliance with statutory regulations (PF, Gratuity, ESIC, LWF, Minimum Wages).
- Maintain complete documentation and process controls for internal and external audit readiness.
- Standardize and automate Total Rewards workflows.
- Analytics, Modeling & Budgeting
- Build executive dashboards tracking C&B cost impacts, headcount metrics, and payout trends.
- Perform financial modeling and scenario planning to support strategic decision-making.
- Assist in annual budgeting and cost forecasting for pay, incentives, and benefits.
- Stakeholder Engagement
- Act as the C&B Subject Matter Expert (SME) for HRBPs, Talent Acquisition, Finance, and Business Leaders.
- Drive communication and rollout plans for annual rewards, incentive cycles, and policy updates.
- Execution: 100% timeliness and zero-error accuracy in increment and variable pay cycles.
- Compliance: 100% statutory compliance and clean audit reports.
- Competitiveness: Alignment of salary bands with target market percentiles.
- Cost Efficiency: Effective benefit program renewals within budget parameters.
- Experience: 7–12 years of core experience in Compensation & Benefits or Total Rewards in mid-to-large enterprise environments.
- Education: Bachelor’s degree in HR, Business, or Finance. MBA/PGDM preferred.
- Technical: Deep C&B domain expertise, Indian C&B statutory rules, Mercer/Aon benchmarking tools, advanced Excel modeling, and HRIS/payroll platforms.
- Competencies: Analytical problem-solving, high data accuracy and confidentiality, strong execution discipline, and clear stakeholder communication.
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