Compensation and Benefits Manager

Randstad India

Job Location:

Chennai - India

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Key Responsibilities

1. Harmonization of Compensation & Benefits Structures
Analyze existing compensation and benefits structures across all Indian locations
Design and implement a harmonized and transparent total rewards framework
Standardize salary bands job architectures and benefit components
Reduce complexity and ensure internal equity
Lead transformation initiatives

2. Compensation Strategy & Governance
Translate and implement global compensation strategies at country level
Ensure competitiveness within the Indian labor market
Closely collaborate with global and regional C&B teams

3. Market Analysis & Benchmarking
Conduct and manage salary and benefits benchmarking for India
Monitor market trends (e.g. variable pay benefits retention models)

4. Variable Pay & Incentives
Harmonize bonus and incentive programs according to global guidelines
Support the execution of annual compensation review cycles

5. Benefits Management

Harmonize and optimize the benefits portfolio (e.g. insurance retirement
allowances)
Ensure compliance with local statutory requirements
Manage external providers and vendors

6. Governance Compliance & Regulation
Ensure compliance with all local regulations in India
Implement clear compensation policies and decision frameworks
Support audits and internal controls

Key Responsibilities 1. Harmonization of Compensation & Benefits Structures Analyze existing compensation and benefits structures across all Indian locations Design and implement a harmonized and transparent total rewards framework Standardize salary bands job architectures and benefit c...