🚨 Deputy Manager / Manager – C&B (Total Rewards) | V-Mart Retail | Gurgaon
🏢 Company: V-Mart Retail Ltd.
Compensation & Benefits Hiring
📄 Job Description
V-Mart Retail Ltd. is looking for a sharp and analytical Deputy Manager / Manager – Compensation & Benefits (C&B) to join its Gurgaon Head Office. The role focuses on building data-driven compensation and reward strategies across large-scale retail operations.
The ideal candidate will have strong expertise in Compensation & Benefits, salary benchmarking, incentive design, manpower budgeting, total rewards, pay-equity analysis, and workforce cost management. Experience in large-volume organizations with 10,000+ employees or prior C&B consulting experience will be an added advantage.
🎯 Key Responsibilities
💰 Compensation Benchmarking & Pay Structures
- Lead annual compensation benchmarking exercises using market surveys such as Mercer and Aon.
- Analyze market compensation data and align salary structures with relevant market medians.
- Manage compensation structures across corporate, warehouse, and store operations.
- Support pay-equity analysis and identify opportunities for compensation optimization.
🎯 Incentive & Variable Pay Design
- Design and optimize variable pay and sales incentive frameworks.
- Develop incentive models linked to business metrics such as Sales Per Square Foot (SPSF).
- Design reward frameworks linked to Cluster P&L and store conversion performance.
- Simulate incentive scenarios and assess their financial and business impact.
- Evaluate effectiveness of existing incentive programs and recommend improvements.
📊 Manpower Cost & Budget Governance
- Drive annual manpower budgeting and AOP planning.
- Model annual increment and bonus cycles.
- Monitor manpower costs and identify variance against approved budgets.
- Develop cost simulations and workforce cost projections.
- Partner with business teams to ensure effective manpower cost governance.
🎁 Total Rewards & Benefits
- Evaluate and optimize employee benefits across the organization.
- Analyze utilization and effectiveness of high-usage employee benefit programs.
- Support the development of competitive and cost-effective total rewards strategies.
- Use data and market insights to improve employee value propositions.
🎓 Eligibility Criteria
- 4–9 years of specialized experience in Compensation & Benefits.
- MBA / PG in HR from a Tier-1 or Tier-2 institution.
- Experience in Retail, FMCG, QSR, E-commerce, or Consumer Durables is preferred.
- Experience managing compensation programs in high-volume organizations is highly preferred.
- Experience handling an employee base of 10,000+ headcount will be an added advantage.
- Prior C&B consulting experience is also a strong advantage.
- Strong analytical and financial modelling capabilities.
- Excellent stakeholder management and communication skills.
⭐ Key Skills
- Compensation & Benefits
- Total Rewards
- Salary Benchmarking
- Mercer / Aon Market Surveys
- Mercer IPE
- Hay Job Evaluation Framework
- Pay Equity Modelling
- Variable Pay Design
- Sales Incentive Design
- Manpower Budgeting
- AOP Planning
- Bonus & Increment Modelling
- Workforce Cost Management
- Advanced Excel
- Power BI
- Financial Modelling
- Data Analysis
- HR Analytics
💡 Why Consider This Opportunity?
- Opportunity to lead C&B strategy within a large-scale retail organization.
- Work on high-impact sales incentive and total rewards programs.
- Exposure to compensation structures across corporate, warehouse, and store operations.
- Opportunity to work with large-scale workforce cost and manpower budgets.
- Build expertise in advanced compensation analytics, benchmarking, and pay modelling.
- Work closely with business leadership on data-driven reward decisions.
⭐ Why Join V-Mart Retail?
- Work on strategic Compensation & Benefits initiatives in a large retail organization.
- Gain exposure to high-volume workforce reward strategies.
- Influence sales incentive and variable pay frameworks directly linked to business performance.
- Work on market benchmarking, manpower cost governance, and total rewards.
- Opportunity to build expertise in data-driven HR and reward analytics.
🎤 How to Prepare for the Interview
- Revise compensation benchmarking methodologies and market salary surveys.
- Prepare examples of incentive or variable pay frameworks you have designed or managed.
- Be ready to explain how sales incentives can be linked to business KPIs such as SPSF and profitability.
- Prepare examples of manpower budgeting, AOP planning, and workforce cost optimization.
- Refresh your knowledge of Mercer IPE and Hay job evaluation methodologies.
- Be prepared for practical Excel and data-analysis questions.
- Revise Power BI concepts relevant to HR analytics and compensation dashboards.
- Prepare examples demonstrating pay-equity analysis and total rewards optimization.
📩 How to Apply
Interested and eligible candidates with 4–9 years of specialized Compensation & Benefits experience can apply by sending their updated resume through the email button below.