Lead - Compensation, Benefits & PMS

Job description

Role & responsibilities

We are looking for an experienced Compensation, Benefits & PMS professional to manage end-to-end compensation frameworks, employee benefits, and performance management processes. The role ensures market competitiveness, statutory compliance, performance-linked pay , and alignment with business objectives.

1. Compensation & Benefits

• Design and manage salary structures, grades, and pay bands as per New Wage Code
• Execute annual salary review, promotion, and bonus cycles
• Conduct salary benchmarking and market surveys
• Design CTC structures, incentives, and variable pay plans
• Manage employee benefits (Mediclaim, Insurance, PF, Gratuity, etc.)
• Coordinate with insurance vendors and TPAs

2. Performance Management System (PMS)

• Drive end-to-end PMS cycles (goal setting, mid-year, annual appraisal)
• Enable KRA/KPI alignment with business goals
• Ensure linkage of PMS outcomes with increments and incentives
• Manage performance calibration and distribution analysis
• Support managers and employees on PMS processes

3. Compliance, Payroll & Governance

• Provide accurate payroll inputs related to C&B and PMS
• Support audits and policy adherence
• Maintain confidentiality and data integrity

4. Analytics & Stakeholder Management

• Prepare MIS and dashboards for management
• Partner with HRBPs, Business Heads, and Finance

Handle compensation and performance-related queries professionally

Preferred candidate profile

• Strong knowledge of Compensation & Benefits and PMS
• Sound understanding of Indian labor laws
• Experience with HRMS / PMS tools
• Advanced Excel and analytical skills
• High integrity, attention to detail, and stakeholder management
• C&B or PMS certification (preferred)
• Candidates from FMCG / Manufacturing / Retail / Pharma industry will be preferred