Compensation Benefits Specialist

Key Responsibilities

1. Compensation Cycle Execution

• Execute annual and periodic compensation cycles including increments, bonuses, and incentives
• Prepare, validate, and consolidate compensation proposals in line with approved budgets and guidelines
• Ensure accuracy and consistency of payout calculations, approvals, and communication inputs
• Track budget utilization and support governance during compensation reviews

2. Payroll Inputs & Coordination

• Provide accurate and timely inputs to the payroll team for salary revisions, variable payouts, and other adjustments
• Validate payroll outputs related to compensation changes to ensure accuracy
• Coordinate with payroll and finance teams to resolve discrepancies in a timely manner

3. Performance Management System (PMS)

• Manage end-to-end execution of the PMS cycle (goal setting, mid-year reviews, annual evaluations)
• Ensure adherence to timelines, process governance, and system readiness
• Coordinate with business teams to drive closure of performance discussions
• Support calibration processes and ensure consistency in ratings across functions

4. Data Management & System Governance

• Maintain and update employee CTC structures and compensation records in HR systems
• Ensure data accuracy, integrity, and audit readiness across all compensation-related records
• Drive system updates and enhancements related to PMS and compensation modules

5. Reporting & Analytics

• Generate reports and dashboards on compensation trends, increments, and PMS outcomes
• Support leadership with insights on compensation distribution, budget utilization, and performance linkage
• Assist in audit requirements and data validations

What We Are Looking For

• 5–8 years of experience in Compensation & Benefits / HR Operations
• Strong hands-on experience in compensation cycle execution and PMS
• Prior experience in consulting (HR consulting / rewards advisory / Big 4) will be preferred
• Good understanding of salary structures, CTC components, and payroll processes
• High attention to detail and strong data management skills
• Proficiency in HRIS systems and MS Excel
• Ability to work with multiple stakeholders and manage tight timelines
• Strong ownership mindset with focus on accuracy and process discipline