Manager- Compensation & Benefits

Job Title: Manager- Compensation & Benefits

Location: Chennai

Job Summary:

We are seeking a highly skilled Compensation & Benefits Manager witto lead and manage our compensation strategy, benefits programs. This role will ensure that our total rewards strategy attracts, retains, and motivates employees while remaining compliant with all regulatory requirements and aligned with company objectives.

Key Responsibilities:

Compensation:

• Design, implement, and manage competitive compensation structures (base pay, variable pay, bonuses, and incentives).
• Conduct salary benchmarking and market analysis to ensure internal equity and external competitiveness.
• Oversee annual compensation review cycles including merit increases, promotions, and bonus planning.
• Provide guidance on job evaluations, leveling, and salary ranges.

Benefits:

• Manage employee benefits programs (health insurance, retirement plans, wellness programs, etc.).
• Evaluate and recommend improvements to existing benefits offerings.
• Liaise with vendors and brokers to ensure optimal service and cost efficiency.
• Handle employee queries related to benefits and ensure smooth enrollment and claim processes.

Compliance & Reporting:

• Ensure adherence to all labor laws, tax regulations, and internal policies.
• Maintain documentation for audits and regulatory inspections.
• Generate HR reports and analytics on compensation, benefits usage, and payroll metrics.

Stakeholder Collaboration:

• Work closely with HR Business Partners, Finance, and Legal on C&B-related strategies and policies.
• Provide consultative support to management on compensation and payroll issues.

Requirements:

• Education: Masters Degree in HR preferred

Experience: Minimum 12-15 years of experience in Compensation & Benefits from manufacturing organizations