Head - Compensation & Benefits (GM/AVP)

Over the past 15 years, Medanta has created an unrivalled impact in delivering world class multi-specialty care for patients in India. We have hospitals in Gurgaon, Lucknow, Patna, Indore and Ranchi. In addition, we have clinics in Defence Colony (South Delhi), Cybercity & Subhash Chowk (Gurgaon), and at the Delhi Airport. Medanta is constantly growing and has also ventured in Retail vertical through Diagnostics (Laboratory Services) and Pharmacies. We also have also launched homecare services. We further plan to scale up existing facilities and expand into a few more geographical areas and also identify new avenues (Academics - Medical College) within the Healthcare eco-system. As we continue to scale and grow into new geographies, explore innovative methods of healthcare delivery, we are looking to hire exceptional talent to help us achieve our vision and grow in the process to achieve their professional aspiration.

Location: Gurgaon Reports To: CHRO / Head – Human Resources

Workdays: 6 Days from Office

Role Overview

The Head – Compensation & Benefits will be responsible for designing, implementing, and managing comprehensive compensation strategies, policies, and programs that align with business objectives and drive organizational performance. The role will partner closely with senior leadership, HR, and finance teams to ensure cost optimization, compliance, and fairness across all employee levels.

Key Responsibilities:

A. Compensation Strategy & Design:

- Develop and implement salary structures, pay ranges, and benchmarking frameworks aligned with market practices and internal equity. - Design and manage short-term and long-term incentive programs, including variable pay and performance-linked bonuses.

B. Equity & Rewards Management:

- Administer and oversee Employee Stock Option Plans (ESOPs), ensuring compliance and effective communication with stakeholders. - Prepare and present materials for NRC (Nomination and Remuneration Committee) and Board reviews on compensation matters.

C. Budgeting & Performance Management:

- Lead the creation and management of manpower budgets (cost and headcount) across functions. - Drive the annual performance management, appraisal, and increment cycles, ensuring transparency and alignment with business goals.

D. Payroll, Compliance & HR Operations:

- Oversee payroll processes, ensuring accuracy, tax compliance, and statutory adherence. - Maintain up-to-date knowledge of taxation, labor laws, and compliance requirements related to C&B. - Partner with HR Operations for smooth execution and audits of payroll and benefits.

E. Technology & Analytics:

- Lead implementation and enhancement of HRIS/HRMS platforms to enable data-driven decision-making. - Utilize advanced Excel and analytical tools for reporting, insights, and predictive modeling.

F. Leadership & Stakeholder Management:

- Lead a high-performing C&B team with clear focus on collaboration, accuracy, and efficiency. - Engage effectively with CXO-level stakeholders to influence reward strategies and decisions. - Ensure effective communication of compensation policies and practices across the organization.

Key Skills

- Strong numerical and analytical ability with deep command on data and Excel. - Strategic thinker with attention to detail and execution excellence. - Digitally savvy and comfortable with HR technology platforms. - Excellent communication and presentation skills. - Demonstrated ability in senior stakeholder management and influencing decisions. - Proven experience as a people leader, fostering collaboration and accountability.

Education & Experience

- Postgraduate degree in MBA (HR/Finance), CA, Postgraduate in Commerce, or Postgraduate in Mathematics. - Minimum 15 years of experience in Compensation & Benefits and related HR domains. - Industry Preference: Healthcare, Pharmaceuticals, or Diagnostics. - Experience in a large Indian listed company is highly desirable.