Head of Compensation & Benefits

Role Overview

We are seeking a Head of Compensation & Benefits to be based in Kolkata. In this leadership role, you will drive the design, implementation, and administration of our compensation and benefits strategies. Partnering closely with HR Business Partners, Finance, and senior management, you will ensure our remuneration frameworks are competitive, equitable, and aligned with overarching business objectives. Your efforts will enhance employee engagement, facilitate talent retention and acquisition, and contribute significantly to our organizational success by fostering a rewarding workplace environment.

Key Responsibilities

• Develop and implement a comprehensive compensation strategy to attract, retain, and motivate high-caliber talent in alignment with company goals.
• Lead the yearly compensation cycle, managing salary benchmarking, merit increases, bonus schemes, and equity distributions within budgetary and performance parameters.
• Design and oversee employee benefits programs, including health insurance and retirement plans, ensuring cost efficiency and employee satisfaction.
• Administer compensation and benefits schemes ensuring compliance with applicable laws and regulations.
• Collaborate with HR Business Partners to advise on compensation matters such as job evaluations, salary recommendations, and performance management.
• Conduct ongoing market research and benchmarking to keep our compensation and benefits competitive regionally and industrywide.
• Manage and optimize the budget for compensation and benefits, ensuring prudent financial control.
• Develop and implement performance management systems that bolster employee productivity and align with organizational objectives.
• Apply HR analytics to evaluate program effectiveness, identifying improvements and supporting data-driven enhancements.
• Effectively communicate compensation and benefits information to employees, enhancing transparency and understanding.

Required Skills and Qualifications

• Proven expertise in crafting and executing broad compensation and benefits programs encompassing salary structures, bonuses, and equity plans.
• Strong capability in market competitive analysis and benchmarking of compensation and benefits.
• Proficiency in HR analytics with an aptitude for leveraging data for strategic decision making.
• Excellent interpersonal and communication skills, capable of conveying complex information clearly to diverse audiences.
• Outstanding skills in budgeting and financial oversight.
• Ability to collaborate productively with cross-functional teams and foster stakeholder relationships.
• Thorough understanding of employment legislation relevant to compensation and benefits.
• Master's degree in Human Resources, Business Administration, or a related discipline is preferred.
• Willingness and ability to work onsite in Kolkata.