Compensation Specialist

Compensation:

• Develop and administer compensation programs, such as merit or incentive pay.
• Conduct regular compensation benchmarking for factory and staff roles.
• Administer wage structure, increment cycles, and salary corrections based on job evaluations and performance.
• Monitor internal parity and ensure alignment with company compensation philosophy.
• Support the annual salary planning and bonus payout processes.
• Maintain and update compensation data in HRIS
• Responsible for Compensation, benefit Benchmarking and market analysis by participating in market surveys like Mercer ,Kornferry,Etc.

Benefits

• Handle monthly additions/deletions for insurance and statutory benefits.
• Liaise with vendors, brokers, and insurance companies for smooth service delivery.
• Address employee queries related to benefits promptly.
• Ensure adherence to labor laws related to wages, bonus, gratuity, leave encashment, etc.
• Partner with finance and payroll teams for statutory deductions and filings.
• Maintain up-to-date employee compensation and benefits records.
• Prepare reports and dashboards on C&B metrics for management.
• Support internal and external audits with relevant data.
• Ensure all employees & dependents are covered under Group Medical Coverage, Group Term Life Insurance, Group Personal Accident Insurance 
• Revision and renewal of Insurance and Mediclaim policies 

Employee Assistance Program (EAP):

• Coordinate with EAP vendors and ensure program accessibility to all employees.
• Organize wellness awareness campaigns and mental health initiatives.
• Track usage trends and support confidential grievance handling as per EAP guidelines.
• Provide quarterly reports to HR leadership on EAP impact.

 HRIS Management & Oracle Testing:

• sure accurate employee data management and reporting in HRIS (Oracle).
• Perform user acceptance testing (UAT) during Oracle HRIS upgrades, patch releases, or new module rollouts.
• Coordinate with IT and implementation partners to resolve system issues.
• Support role-based access control and HRIS compliance audits.

Preferred Tools/Software:

• Excel Advance
• Oracle HRIS working Experience 

Key Skills & Competencies:

• Strong understanding of compensation structures and statutory compliance.
• Analytical mindset with proficiency in Excel and HRMS tools and PowerPoints
• Good interpersonal and communication skills.
• Ability to manage vendor relationships and drive process efficiency.
• Discretion and sensitivity when handling confidential information.