Compensation&benefits Specialist

Spigot Software Private Limited
  • Bangalore
  • 10-15 lakh
  • 3-8 years
  • 23 Feb 2015

  • Software Design & Development

  • IT/ Technology - Software/ Services
Job Description

ob Description :
Exp. : 3.5+ yrs
Location : Bangalore
The major activities include:
- Compensation
o Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and HR policies.
o Manage the design and development of tools to assist and to guide managers through compensation decisions.
o Prepare budgets for HR operations.
o Use various tools and techniques in compensation management for organizational needs.

- Benefits
o Administer, direct, and review employee benefit programs, including the integration of benefit programs.
o Identify and implement benefits to increase the quality of life for employees, by working with C&B consultancy firms and researching benefits issues
o Design, evaluate and modify benefits policies to ensure that programs are current, competitive and in compliance with legal requirements.
o Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.

- New Employment Offers
o New Employee Offer preparation and Negotiation. Act as a bridge between Talent Acquisition Candidate Business for all offers.
o Internal and External Equity: Prepare reports for Internal Equity and suggest corrective measures as and when required. Actively participate and seek external data for all positions across India.

- Payroll
o Responsible for overall payroll for all employees including outsourced staff. Includes transactional activities of collecting and collating of inputs, coordination with the vendor, validation and salary payouts.
- Statutory Compliance
o Responsible for all statutory compliance as per Shops and Establishments Act and Factories Act
o Study legislation, market, arbitration decisions, to assess industry trends.
o Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.

- Talent Management
o Responsible for overall design, implementation, automation, communication, orientation and completion of the cycle.

- Annual Appraisal
o Design, Implement and execute the Annual appraisal process, including increments in collaborative participation with the business leaders.

- Variable Compensation
o Implement the incentive scheme in line with the corporate guidelines
o Ensure that the incentive schemes are communicated and implemented as per timelines
o Design Incentive programs aligned to drive required business behavior.

o Be the owner of the Human Resources Information system and its effective implementation.


Human Resources -- Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.

Law and Government -- Knowledge of laws, legal codes, court procedures, precedents, government regulations.

Administration and Management -- Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Economics and Accounting -- Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Competencies/Skill sets for this job

Compensation Benefits Payeoll Payroll

Job Posted By

About Organisation

Spigot Software Private Limited