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Human Capital - Compensation & Benefits Specialist - Senior Associate

PricewaterhouseCoopers Service Delivery Center Private Limited
Location: Kolkata, Experience: 3 years - 7 years
Posted On: 10-Jun-2022 | Last Date to Apply: 10-Jul-2022 | No: of Vacancies : 1

Company Profile:

As a humanled and techpowered organization PwC combines talent and technology to turn today’s ideas into tomorrow’s solutions and drive the right business outcomes for our clients PwC Acceleration Centers in India PricewaterhouseCoopers Service Delivery Center Kolkata Pvt Ltd and PricewaterhouseCoopers Service Delivery Center Bangalore Pvt Ltd – are part of PwC’s global Acceleration Centers ACs located in cities across the world

Job description:

We are looking for a Compensation and Benefits Specialist to oversee and administer the employee’s perfect rewards and smart benefits.

Key Responsibilities

  • Support the development and design of compensation packages and benefit policies aligned with the organization's strategy, including the regular monitoring, reporting and budget management
  • Coordinates C&B processes like the salary planning, bonus planning, new benefits introduction, etc.
  • Facilitate annual salary review process and annual incentive plan processes in liaison with market, involving budgeting, communication, roll-out, implementation/ change management
  • Work with a benefits team to benchmark and monitor the efficiency of current programs, Be a source of expertise on all projects/initiatives with a reward, benefits, or recognition impact.
  • Keep track to ensure alignment of all compensation systems to general conditions on the labor market as well as on legal regulations
  • Work with managers to help develop market competitive reward programs and support setting up of related processes
  • Keep abreast with emerging trends, issues and best practices and look for opportunities to incorporate them into the organization’s compensation and benefits program
  • Preparation of regular audits and reports for information storage reasons. Perform C&B Analytics that provide insights to business and leadership teams and assist them in decision making
  • Participates as a the team member in strategic projects and initiatives
  • Partner closely with the business and with HR colleagues, building strong relationships to understand and respond to their reward requirements, ensuring all activities are aligned with the overall HR Strategy and Reward philosophy
  • Review salary ranges annually in conjunction with the Reward Program team to ensure our pay structure remains competitive
  • Support and work closely with the Talent Acquisition for bespoke offers and salary benchmarks
  • Benefits - Review, design, implement and communicate benefits programs and activities through robust analysis of market data, trends and participation in relevant market surveys. Monitor utilization of benefits and prevent cost escalation

Compensation and Benefits Specialist requirements

  • MBA in human resources, business administration or similar relevant field
  • Previous working experience as a compensation and benefits specialist for (3-5) years
  • Prior experience in HR operations and knowledge of best practices
  • Familiarity with current employment rules and regulations
  • Hands on experience with quantitative and qualitative research
  • Strong interpersonal and communication skills

Key Qualifications

Masters

Education

MBA

Skills

C&B,Compensation & Benefits,Total Rewards,

Industry

Accounting/Finance

Gender Preference:

Any

Job Type:

Full Time

Diversity Tags:

LGBTQ+PwD,Veteran,Post Retirement,Career Comeback,