Compensation & Benefit Specialist

About Us: Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

About the Team: Because you get an opportunity to make a difference, and have a great time doing that. You are challenged and encouraged here to do stuff that is meaningful for you and for those we serve. We are successful, and our successes are rooted in our people's collective energy and unwavering focus on the employees, and that's how it will always be change management in Human

Resources

About the role: This role will be responsible for supporting the implementation of a broad range of reward practices and compliance policies for the organization. This role is a key subject matter expert of the Compensation and Benefits functions locally; the role provides local insights, consultation, and advice to Human Resources Business Partners and senior business leaders as required. key responsibilities in order of importance and specify the approximate amount of time, e.g. in % related to the typical business cycle).

Expectations/ Requirements:

1. Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by benchmarking against comparators.
2. Conducts and analyses survey results to assist in comparing compensation and benefits plans.
3. Participates in the development of compensation and benefits policy.
4. Managing the Employee Stock Option plan.
5. Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards, and awards programs).
6. Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments.
7. Monitors compensation trends within the organization and provides analytics to support operational efficiency.
8. Provide ongoing support to line managers and HR on operations matters related to compensation
9. Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.
10. Provide support in Annual Reports, AGMs and other statutory requirements

Superpowers/ Skills that will help you succeed in this role:

1. Specialist with a minimum of 6 years of experience in Compensation & Benefits.
2. Specialized or cross-functional knowledge / relevant experience required by the position/role.
3. In-depth knowledge of concepts & principal of India compensation & benefits, employment acts, and other companies' compensation & benefits programs.
4. Data Analytics, Well-versed with MS Excel.

Education: Must be an MBA in Human Resource or any equivalent degree.