3i Infotech - Manager - Compensation & Benefits (4-7 yrs)

Manager - Compensation & Benefits

Job Description:

Compensation Strategy:

- Designing competitive salary structures tailored to different job roles and levels.

- Benchmarking against industry standards to ensure alignment with market trends.

- Creating variable pay plans, including bonuses, incentives, and performance-linked rewards.

Benefits Management:

- Managing employee benefits such as health insurance, retirement plans, and wellness programs.

- Offering IT-specific perks like tech equipment allowances, remote work support, or skill-development budgets.

- Designing flexible benefit plans to meet diverse employee needs.

Performance and Reward Systems:

- Linking pay to performance and reward systems.

- Managing the Merit increment process.

- Establishing frameworks for promotions, salary increases, retention and ESOP management.

Compliance and Policies:

- Ensuring compliance with local labour laws on compensation and company policies.

- Custodian of policies & SOPs.

Analytics and Insights:

- Using data analytics to assess the effectiveness of compensation and benefits programs.

- Identifying gaps and recommending adjustments to enhance employee retention.

Employee Communication:

- Educating employees about their compensation structure, benefits, and any new policies.

Ensuring transparency in C&B practices to build trust within the workforce.

Requirements And Skills:

- Proven experience as an Associate/Manager in Comp & Ben or similar role.

- In-depth understanding of strategies, PMS, Benefits & Rewards.

- Hands-on experience on timely revisions of SMW & CMW with employee communication, compliance & policies.

- Excellent knowledge of data analysis & C&B practices.

- Proficiency in Comp & Ben.

- Solid analytical skills.

Education: