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Manager - Compensation & Benefits
Paytm
Before you apply
The practical pictureRole details
- Employment
- Full-time
Role signal brief
The role, at a glance
Extracted from the source posting · 92% confidence
The Manager - Compensation & Benefits role at Paytm focuses on designing reward practices, managing the employee stock option plan, and ensuring statutory compliance in Noida. The position requires six years of specialized C&B experience and serves as a subject matter expert for HR business partners.
What you need
- 6 years experience in Compensation & Benefits
- MBA in Human Resources or equivalent
- Knowledge of India compensation & benefits and employment acts
- Data analytics and MS Excel proficiency
What you will own
- Ensure external competitiveness of internal salary ranges by benchmarking against comparators.
- Conduct and analyze survey results to compare compensation and benefits plans.
- Participate in the development of compensation and benefits policy.
- Manage the Employee Stock Option plan.
- Handle annual planning, forecasting, and budgeting for employee direct costs including salary, benefits, and incentives.
- Administer the annual salary review process and off-cycle pay adjustments.
Core skills
Compensation & BenefitsHR AnalyticsMS ExcelEmployment Law
Role brief
About the Team: Because you get an opportunity to make a difference, and have a great time doingthat. You are challenged and encouraged here to do stuff that is meaningful for you and for those weserve. We are successful, and our successes are rooted in our people's collective energy andunwavering focus on the employees, and that's how it will always be change management in HumanResources
About the role: This role will be responsible for supporting the implementation of a broad range ofreward practices and compliance policies for the organization. This role is a key subject matter expert ofthe Compensation and Benefits functions locally; the role provides local insights, consultation, and adviceto Human Resources Business Partners and senior business leaders as required. key responsibilities inorder of importance and specify the approximate amount of time, e.g. in % related to the typical businesscycle).
Expectations/ Requirements:1. Compensation Benchmarking: Ensure external competitiveness of internal salary ranges bybenchmarking against comparators.2. Conducts and analyses survey results to assist in comparing compensation and benefits plans.3. Participates in the development of compensation and benefits policy.4. Managing the Employee Stock Option plan.5. Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary andbenefits, annual increments, incentives, rewards, and awards programs).6. Annual Salary review exercise and administration of compensation review process cycle; off-cycle payadjustments.7. Monitors compensation trends within the organization and provides analytics to support operationalefficiency.8. Provide ongoing support to line managers and HR on operations matters related to compensation9. Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.10. Provide support in Annual Reports, AGMs and other statutory requirements
Superpowers/ Skills that will help you succeed in this role:1. Specialist with a minimum of 6 years of experience in Compensation & Benefits.2. Specialized or cross-functional knowledge / relevant experience required by the position/role.3. In-depth knowledge of concepts & principal of India compensation & benefits, employment acts,and other companies' compensation & benefits programs.4. Data Analytics, Well-versed with MS Excel.
Education : Must be an MBA in Human Resource or any equivalent degree.