Compensation Benefits Specialist

  • Gurugram
  • Niit Limited

About NIIT Ltd.

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. NIIT's Career Education Business delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Banking, Finance & Insurance, Retail Sales Enablement, Management Education, Multi-Sectorial Vocational Skills, Digital Media Marketing, and programs in digital transformation technologies. This focuses on providing employability skills to learners along with value-added courses.


Key Responsibilities:


  • Incubate, implement, and drive various compensation programs including Market Benchmarking, Merit Increase, pay for performance programs and compensation planning etc. for diverse job profiles.
  • Design and implementation of variable compensation model (Plan & Role level).
  • Design campus hires retention model along with the yearly compensation progression.
  • Design effective incentivization based on the Business context.
  • Design and execute Annual Compensation Review process for various Businesses to ensure complete budget management and timeline adherence.
  • Liaise with Finance and Payroll team for smooth administering of total rewards programs
  • Create the compensation models and indicate the implications/ projections to various objectives.
  • Continuous research and analysis (including data from the internal recruitment team) for understand emerging compensation trends and recommend changes in our compensation strategy/ approach.


Skills Required:


  • Domain expertise of compensation processes and policies
  • Strong data and analytical orientation.
  • Ability to consistently deliver high quality customer service in a professional manner and attention to detail.
  • Strong verbal, written and presentation skills in English.
  • Strong organization and problem-solving skills
  • Proficient in MS Office and Analytical tools, preferably familiar with Success Factors
  • Problem solving and critical thinking skills.
  • Ensure adherence to standard operating procedures and compliances.
  • Collaboration and influencing skills, to enroll stakeholders.


Qualifications:

MBA preferably with HR specialization