Job Description
Skillventory is hiring a Compensation & Benefits – Reward Strategy professional for a leading NBFC. The role will focus on Total Rewards, compensation and benefits, incentive design, performance management, compensation analytics, and rewards governance across BFSI employee populations.
Key Responsibilities
• Drive Total Rewards, Compensation & Benefits programs covering fixed pay, variable pay, incentives, benefits, and special rewards.
• Manage annual compensation, merit, promotion, variable pay, and bonus cycles for large BFSI employee populations.
• Design and optimize sales incentive structures, KPIs, and Performance Management Systems aligned with business objectives and desired employee behaviours.
• Lead career progression, internal mobility, and retention initiatives using workforce and compensation analytics.
• Conduct salary benchmarking, pay equity analysis, and compensation analytics to ensure competitive and consistent pay structures.
• Drive HR automation, dashboards, and MIS for compensation, incentives, PMS, and workforce analytics.
• Partner with HRBP, Business, Finance, and Payroll teams for compensation governance, budgeting, and accurate payouts.
• Ensure compliance with applicable labour laws, statutory requirements, and Rewards policies across BFSI operations.
• Support compensation-related payroll coordination and ensure accuracy of employee payouts.
• Analyze workforce and rewards data to identify trends and support business decisions.
Key Skills
• Total Rewards
• Compensation & Benefits
• Variable Pay
• Incentive Design & Sales Incentives
• Performance Management / PMS
• Compensation & Rewards Analytics
• Salary Benchmarking & Pay Equity
• Career Progression & Internal Mobility
• HR Analytics & HR Automation
• Compensation Governance
• Workforce Analytics
• Labour Laws & Statutory Compliance
• Payroll Coordination
Candidate Requirements
• 3–4 years of relevant experience in Compensation & Benefits, Total Rewards, Rewards Strategy, or HR Analytics.
• MBA from the 2022 or 2023 batch is mandatory.
• Experience in BFSI/NBFC environments will be preferred.
• Strong understanding of compensation structures, variable pay, incentives, PMS, and rewards programs.
• Strong analytical and data interpretation skills.
• Ability to work collaboratively with HR, Business, Finance, and Payroll stakeholders.
• Strong understanding of compensation governance and statutory compliance.
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