Your Role
As the Specialist - Compensation & Benefits, you are responsible for designing, overseeing, and implementing a firm's compensation and benefits programs. Their primary role is to ensure that the company's pay scale and benefits offerings are competitive, equitable, and align with the company's strategic goals. Below is a job description for a Compensation and Benefits:
The Compensation and Benefits specialist plans, develops, and implements new and revised compensation and benefits programs, policies, and procedures to be responsive to the company's goals and competitive practices. This position is also responsible for ensuring that company compensation and benefits standards comply with company policies and/or other regulations or legislation.
A Day in the Life
- Design, implement, and manage, total rewards framework- salary structures, create pay policies, pay-for-performance programs, create long term incentive plan.
- Ensure that compensation practices comply with current laws and regulations (such as equal pay laws/ pay parity, minimum wage, overtime, and workers' compensation, etc.).
- Conduct competitive market research to establish pay practices and pay bands that help to recruit and retain superior staff.
- Monitor all pay practices and systems for effectiveness and cost
- Lead participation in salary and labor market surveys to determine prevailing pay rates and
- Differentiate pay systems to invest in the segments of the workforce that contribute the most
- Oversee the distribution of pay and benefits information to the company's
- Prepare and maintain reports necessary to carry out the functions of the department; prepare periodic reports for management, as necessary or requested.
- Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
- Prepare and execute, with legal consultation, benefits documentation, such as original and amended plan texts, benefit agreements, and insurance policies. Instruct insurance carriers, trustees, and other administrative agencies outside the company to effect changes in the benefit program.
What You Need
- Bachelor's degree in human resources, business administration, finance, or a related field; a Master's degree is
- Certified Compensation Professional (CCP) and/or Certified Employee Benefit Specialist (CEBS) designations are
- 5+ years of experience in compensation, benefits administration, or human resources
- Strong understanding of the legal requirements and regulations affecting compensation and benefits
- Excellent analytical skills and the ability to interpret and communicate
- Strong leadership and team management
- Proficient with HRIS (exposure to SAP systems will be an added advantage) and compensation management software tools.
- Excellent communication and interpersonal
What We Offer
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Industry-Focused Certifications: Meet leading healthcare experts, discuss innovative strategies, and become a subject matter expert with our comprehensive set of certifications.
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Rewards and Recognition: Feeling like you’re outperforming on your projects? Get recognition for your dedicated efforts and demonstrated work ethic.
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Health Insurance and Mental Well-being: We offer health benefits and insurance to you and your family for hospital-related expenses pertaining to any illness, disease, or injury. We also have Employee Assistance Programs (EAPs) to give you 24X7 access to certified therapists and psychologists.
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Sabbatical Leave Policy: Do you want to focus on skill development, pursue an academic career, or just reset? We’ve got you covered.
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Open Floor Plan: Cubicles are a thing of the past and to modernize our office space, we have open floor sittings at every office location. Share ideas with your peers and bond better in an open floor office where there are no barriers and you are inspired to be creative.
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Paternity and Maternity Leave: Enjoy the industry’s best parental leave policy to welcome your bundle of joy and enjoy quality time with them.
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Paid Time Off: Maintain a healthy work–life balance and take time off from work to focus on your well-being and big life moments.
Where and how we work
Our Noida office is situated in a posh techspace, equipped with various amenities to support our work environment. Here, we follow a five-day work schedule, allowing us to efficiently carry out our tasks and collaborate effectively within our team.
Innovaccer is an equal-opportunity employer. We celebrate diversity, and we are committed to fostering an inclusive and diverse workplace where all employees, regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, marital status, or veteran status, feel valued and empowered.
Disclaimer: Innovaccer does not charge fees or require payment from individuals or agencies for securing employment with us. We do not guarantee job spots or engage in any financial transactions related to employment. If you encounter any posts or requests asking for payment or personal information, we strongly advise you to report them immediately to our Px department at [email protected]. Additionally, please exercise caution and verify the authenticity of any requests before disclosing personal and confidential information, including bank account details.
About Innovaccer
Innovaccer Inc. is the data platform that accelerates innovation. The Innovaccer platform unifies patient data across systems and care settings, and empowers healthcare organizations with scalable, modern applications that improve clinical, financial, operational, and experiential outcomes. Innovaccer’s EPx-agnostic solutions have been deployed across more than 1,600 hospitals and clinics in the US, enabling care delivery transformation for more than 96,000 clinicians, and helping providers work collaboratively with payers and life sciences companies. Innovaccer has helped its customers unify health records for more than 54 million people and generate over $1.5 billion in cumulative cost savings. The Innovaccer platform is the #1 rated Best-in-KLAS data and analytics platform by KLAS, and the #1 rated population health technology platform by Black Book. For more information, please visit innovaccer.com.
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