Manager – Compensation & Benefits

Job Title Manager Compensation & Benefits

Location Hyderabad

Reports to CHRO

Team Reporting Asst Manager HR (2)

Qualification MBA HR / CA Inter or relevant specialization preferred

Experience 810 years in end-to-end C & B, Payroll & Taxation, ESOP administration

& HR operations in EPC sectors/ Construction companies

Role Overview

To design, implement, and manage the organizations compensation, benefits, incentive, and payroll

frameworks while ensuring statutory compliance, process efficiency, cost optimization, and

alignment with business performance. The role also drives HR process automation, audit readiness,

and governance across compensation-related functions.

Job Responsibilities

Compensation & Benefits Management

Design and manage salary structures, pay bands, and compensation frameworks aligned with

market benchmarks and internal equity.

Lead annual salary increment and promotion cycles, including budgeting, modeling, and

approvals.

Conduct compensation benchmarking using market surveys and industry data to ensure

competitiveness.

Manage benefits programs including insurance, retirement benefits, statutory benefits, and

perquisites.

Support leadership with compensation cost analysis and scenario planning.

Incentive & Variable Pay Programs

Design and administer production incentive schemes for plant and shop-floor employees

aligned with productivity, quality, and safety metrics.

Develop and manage sales incentive policies linked to revenue, margin, collections, and growth

targets.

Ensure clarity, transparency, and periodic review of incentive plans to drive performance.

Monitor incentive payouts and validate performance data in coordination with business teams.

Payroll, Taxation & Statutory Compliance

Oversee end-to-end payroll processing, ensuring accuracy, timeliness, and confidentiality.

Manage income tax computation, deductions, declarations, and year-end processes.

Ensure compliance with statutory requirements including PF, ESI, PT, LWF, gratuity, bonus, and

other labor laws.

Coordinate with external consultants, auditors, and authorities for payroll and compliance

matters.

HR Budgeting & Cost Control

Prepare and manage the HR budget, including manpower cost, increments, incentives, and

benefits.

Track actuals versus budget and provide variance analysis to leadership.

Support finance in forecasting compensation costs and long-term workforce planning.

HR Process Governance, Audits & SOPs

Lead internal and external audits related to payroll, compensation, and benefits.

Identify gaps, risks, and control weaknesses; design and implement corrective actions.

Define, document, and update Standard Operating Procedures (SOPs) for compensation,

payroll, and incentive processes.

Ensure strong process controls and audit trails across HR systems and transactions.

HR Process Automation & PMS Administration

Drive HR process automation initiatives to improve efficiency, accuracy, and data integrity.

Administer Performance Management System (PMS) in the HRMS, including goal cycles,

ratings, and linkage to variable pay and increments.

Partner with IT and HRMS vendors for system enhancements and issue resolution.

ESOP & Long-Term Incentive Administration

Manage ESOP administration, including grants, vesting schedules, exercises, and employee

communication.

Coordinate with legal, finance, and external advisors for ESOP compliance, valuation, and

reporting.

Maintain accurate ESOP records and support audits and disclosures.

Communication & Internal Governance

Draft and issue internal circulars, policy updates, and compensation-related communications.

Ensure clarity and consistency in employee communication on pay, benefits, incentives, and

policy changes.

Act as a key advisor to HR Business Partners and leadership on compensation matters.

Skills, Abilities & Knowledge

Strong analytical and problem-solving

mindset.

Excellent communication, relationship

building, and stakeholder management.

In-depth knowledge of CTC components,

statutory deductions, and compensation

frameworks.

Ability to manage volume hiring and work in

a fast-paced environment.

Data-driven approach with proficiency in

Excel / HRMS platforms/ AI Tools.

Technical Skills:

MS Office, Excel, HRMS, Payroll understanding,

Labour Laws.

KPIs (Key Performance Indicators)

Payroll accuracy & timeliness

Statutory compliance adherence

Audit observations closure

Incentive payout accuracy (production

& sales)

Increment & revision cycle completion

PMS administration accuracy in system