Compensation & Incentives Specialist

Role Title: Compensation & Incentives Specialist

Location: Mahalaxmi, Mumbai

Role Objective:

To build and anchor a robust Total Rewards ecosystem by integrating PMS, Compensation, Benchmarking, and Incentives into structured, analytics-led framework.

Key Accountabilities:

1. Performance Management (PMS Ownership)

• Drive end-to-end PMS lifecycle with strong governance and timelines
• Institutionalize calibration discipline (rating distribution, normalization across BUs)
• Ensure strong linkage between PMS outcomes and pay decisions (V-Pay, increments, incentives)
• Own stabilization and optimization of SF PMS module (forms, workflows, reporting)
• Standardize PMS communication, guidelines, and training across organization

2. Compensation & Total Rewards

• Anchor annual compensation review (increments, promotions, corrections)
• Drive internal parity analysis and ensure consistency across roles/levels
• Support V-Pay design, payout logic, and simulation models
• Work on ESOP / LTI frameworks including eligibility, modelling, and tracking
• Establish governance around compensation decisions (approvals, audit trails, documentation)

3. Incentives Design & Governance (Critical Addition)

• Design and standardize incentive frameworks across sales and non-sales roles

(e.g., Products, EPC, Community Solutions, Retail/Zero B)

• Define KPIs, payout curves, thresholds, and caps aligned to business outcomes
• Ensure alignment between Incentives vs V-Pay vs Fixed Pay mix at each level
• Partner with Business Heads to finalize budgets, targets, and performance metrics
• Monitor incentive payouts vs budgets and flag anomalies / over-earning scenarios
• Bring consistency without losing BU-specific nuances

4.

Compensation Benchmarking (Market Lens)

• Conduct external benchmarking for key roles (industry, geography, skill-based)
• Build and maintain compensation databases (internal vs market positioning)
• Support leadership with insights on:
• Market competitiveness
• Hiring premiums for niche skills
• Retention risk based on pay gaps
• Ensure offers and internal movements are aligned with market realities

5. Analytics & Decision Support

• Build integrated dashboards linking:
• Performance vs Pay
• Incentives vs Output
• Cost vs Productivity
• Provide actionable insights to leadership on:
• High performer retention
• Pay differentiation effectiveness
• Cost optimization opportunities
• Support HR MIS with deeper, insight-led analytics

6. Systems & Process Excellence

• Strengthen SuccessFactors PMS &

Compensation modules adoption

• Reduce manual interventions and improve data integrity
• Standardize templates, trackers, and governance frameworks
• Ensure scalability across multiple BUs and geographies

Ideal Profile:

• 58 years’ experience in Compensation, PMS, and Incentives design
• Strong analytical mind-set (advanced Excel mandatory; Power BI preferred)
• Experience in benchmarking tools / surveys (Mercer, Aon, etc. preferred)
• Exposure to HRMS (Success Factors preferred)
• Ability to work with senior stakeholders and drive structured decisions