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Engaged Employer

Innovaccer

Compare

3.4

based on 383 Reviews

65 Innovaccer Jobs

Director-Compensation & Benefits

InnovAccer

3.4

based on 383 Reviews

10-15 years

Noida

1 vacancy

Director-Compensation & Benefits

Innovaccer

posted 1mon ago

Job Role Insights

Flexible timing

Key skills for the job

HRIS SAP CO Hospital Administration Healthcare Market Research Health Insurance

+ 4 more

Job Description

We are passionate about people; we foster professional growth and make a positive impact on individuals lives. The Px team is the cornerstone of our organization, and we strive to create a vibrant and inclusive workplace. Our mission is to empower, inspire, and unite every team member towards a shared goal. Join us today and play a crucial role in shaping an exceptional workplace.

A Day in the Life

Design, implement, and manage, total rewards framework- salary structures, create pay policies, pay-for-performance programs, create long term incentive plan.
Ensure that compensation practices comply with current laws and regulations (such as equal pay laws/ pay parity, minimum wage, overtime, and workers compensation, etc.).
Conduct competitive market research to establish pay practices and pay bands that help to recruit and retain superior staff.
Monitor all pay practices and systems for effectiveness and cost containment.
Lead participation in salary and labor market surveys to determine prevailing pay rates and benefits.
Differentiate pay systems to invest in the segments of the workforce that contribute the most value.
Oversee the distribution of pay and benefits information to the companys employees.
Prepare and maintain reports necessary to carry out the functions of the department; prepare periodic reports for management, as necessary or requested.
Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
Prepare and execute, with legal consultation, benefits documentation, such as original and amended plan texts, benefit agreements, and insurance policies. Instruct insurance carriers, trustees, and other administrative agencies outside the company to effect changes in the benefit program.

What You Need

Bachelors degree in human resources, business administration, finance, or a related field; a Masters degree is preferred.
Certified Compensation Professional (CCP) and/or Certified Employee Benefit Specialist (CEBS) designations are advantageous.
10+ years of experience in compensation, benefits administration, or human resources management.
Strong understanding of the legal requirements and regulations affecting compensation and benefits programs.
Excellent analytical skills and the ability to interpret and communicate data.
Strong leadership and team management skills.
Proficient with HRIS (exposure to SAP systems will be an added advantage) and compensation management software tools.
Excellent communication and interpersonal skills.

Employment Type: Full Time, Permanent

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