Compensation and benefits job description india
What are the compensation and benefits of employees in India?
Compensation can be monetary or non-monetary, known as direct or indirect benefits.
This involves direct monetary benefits given to the employees.
This mainly includes employee salary and variable pay for work.
Other direct components include monetary forms of compensation given below..
What is the compensation structure in India?
Fixed compensation
Basic pay – This usually accounts for 40%–50% of fixed compensation.
Additionally, as a part of basic pay, employers contribute to both the Employer Provident Fund and employee Gratuity.
Fixed allowance – Employers often also provide rewards packages that employees can claim as income tax exemptions..
- Compensation Benefits Manager salary in India ranges between ₹ 9.
- Lakhs to ₹ 40
- Lakhs with an average annual salary of ₹ 19
- Lakhs.
Salary estimates are based on 145 latest salaries received from Compensation Benefits Managers.
- Compensation Benefits Manager salary in India ranges between ₹ 9.
- Lakhs to ₹ 40
- Lakhs with an average annual salary of ₹ 19
- Lakhs
- The salary and financial and non-financial benefits the company offers its employees in the workplace are referred to as compensation and benefits in human resource management.
It is a crucial tool used by human resource managers to maximize people's potential at work.
The key responsibilities of a compensation and benefits job in India include designing and administering employee benefits programs, developing compensation policies, and managing payroll and employee records.
Compensation and Benefits Specialist Duties and Responsibilities
Design a compensation package based on business goals and strategy
Compensation and Benefits Specialist Job Description
We are looking for an ambitious Compensation and Benefits Specialist to join our team.
As a Compensation and Benefits specialist, you will be responsible for overseeing, managing and administering our employees' rewards, perks and benefits.
Your role will be extremely important as you will be developing programs that to improve performance, engagem.
Compensation and Benefits Specialist Job Profile
Compensation and Benefits are also known as Remuneration Specialists.
They are generally responsible for overseeing employee compensation and benefits, compensation databases, job descriptions, benchmark compensation as well as annual performance reviews.
In order to attract Compensation and Benefits Specialists that best match your needs, it is ve.
How many compensation benefits manager jobs are there in India?
Get notified about new Compensation Benefits Manager jobs in India.
Today’s top 999 Compensation Benefits Manager jobs in India.
Leverage your professional network, and get hired.
New Compensation Benefits Manager jobs added daily.
How many compensation benefits manager jobs are there in India?
Get notified about new Compensation Benefits Manager jobs in India
Today’s top 999 Compensation Benefits Manager jobs in India
Leverage your professional network, and get hired
New Compensation Benefits Manager jobs added daily
Why are compensation & benefits important?
It is a crucial tool used by human resource managers to maximize people’s potential at work
Employees often evaluate and compare the C&B plans that companies offer and prefer to work for organizations with better C&B plans
Therefore, compensation and benefits are essential tools to attract quality talent
×A compensation and benefits job description may vary depending on the employer, the business size and nature, and the level of responsibility. However, the main purpose of this job position is to develop, implement, and manage the employee pay schemes, including salary, benefits, bonuses, incentives, and rewards. The job requires collaboration with other departments, such as payroll and human resources, and consultation with senior management. The job also involves creating or modifying compensation plans, creating performance measurements, and ensuring fair and competitive pay for all employees.
