Director of Compensation and Benefits

Role - Director of Compensation and Benefits

Experience - 2-5 years

Location - New Delhi

Director of Compensation and Benefits Job Description

The Director of Compensation and Benefits is responsible for developing, implementing, and managing the organization s compensation and benefits programs. This role ensures that the organization attracts, retains, and motivates employees through competitive and equitable compensation structures and comprehensive benefits offerings. The Director will collaborate with senior leadership to align compensation and benefits strategies with the overall business objectives.

Key Responsibilities:

Develop and Implement Compensation Strategies: Design and oversee compensation structures, including salary ranges, bonus programs, and incentive plans that align with organizational goals and market trends.

Benefits Program Management: Manage the design, implementation, and administration of employee benefits programs, including health insurance, retirement plans, and wellness initiatives.

Market Analysis: Conduct regular market research and benchmarking to ensure competitive compensation and benefits offerings, making adjustments as necessary to remain competitive.

Compliance: Ensure compliance with federal, state, and local regulations related to compensation and benefits, including FLSA, ERISA, and ACA.

Collaboration with HR: Work closely with HR teams to integrate compensation and benefits strategies into overall talent management and employee engagement initiatives.

Employee Communication: Develop and implement communication strategies to educate employees about compensation and benefits programs, ensuring clarity and understanding.

Data Analysis and Reporting: Analyze compensation and benefits data to provide insights and recommendations to senior leadership, including reports on trends, costs, and effectiveness.

Performance Management: Collaborate with leadership to align compensation with performance management processes, ensuring that pay-for-performance principles are effectively implemented.

Team Leadership: Lead and mentor the compensation and benefits team, fostering a culture of continuous improvement and professional development.