Compensation Benefits Specialist

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