Salil Bhandari
Pune
Summary
Detail-oriented Compensation and Benefits professional with 14+ years of experience in C&B and HR analytics. Expertise in auditing compensation revisions, managing compensation, annual merit increments, performance bonuses, and various reporting and analysis.
Overview
10
10
years of professional experience
Work History
Deputy Manager - C&B
SEARS IT AND MANAGEMENT SERVICES INDIA.
04.2022 - 05.2024
- Managed annual salary review and mid-year promotion processes, including merit increases, promotions, and corrections
- Collaborated with HR partners and Business Unit heads to align compensation strategies with business objectives
- Provided guidance to managers and employees on compensation policies and practices
- Presented compensation analysis to HR head and MD to ensure equity
- Reviewed and recommended salary placements for new hires, internal transfers, and promotions
- Developed and documented procedures to streamline compensation processes and ensure compliance
- Assisted in the design, development, and administration of total rewards policies and programs
- Initiated and automated the process for salary increment and correction letters using the in-house tool (Prism)
- Created dashboards for annual salary review to support decision-making by the MD and HR head
Job Costing Analyst -C&B
MILESTONE TECHNOLOGIES INC.
05.2020 - 04.2022
- Lead and support global compensation programs, survey management, talent market analysis, and ad-hoc job analysis
- Provide analytical support and data analysis on projects and HR metrics
- Manage multiple compensation and total rewards trends surveys to determine the company's competitive position
- Develop and implement methodology to analyze global pay equity
- Maintain compensation data integrity in ADP and other HRIS systems
- Monitor, advise, and administer various incentive and commission programs
- Consult internal and external stakeholders on local market compensation expectations, best practices, and compliance
- Engage management and functional leaders in HR, Operations, and Sales as a business partner and problem solver
- Assist in developing and disseminating communication materials to enhance understanding and value of compensation programs
Global Compensation Analyst
BOSTON CONSULTING GROUP
06.2016 - 03.2020
- Led Total Reward harmonization initiatives, including implementing and maintaining the Market Pay Tool (Pay scale)
- Conducted compensation and benefits benchmarking studies with consulting partners
- Benchmarked management and specialist roles using external and internal data for offers
- Participated in surveys, facilitated job matching, and submitted data
- Analyzed survey reports and provided insights to support pay range development
- Conducted market data analysis, research, and benchmarking to support compensation design and modeling
- Performed job matching using Mercer, WTW, Radford, and McLagan data for optimal proposals
- Conducted peer group analysis and recommended data for benchmarking
- Identified gaps and improved systems and processes for compensation information flow and recording
- Managed non-partner consulting and business support compensation processes
- Prepared and maintained documentation of operations processes
- Collaborated with the HR systems group to upload and maintain salary information
TR Administrator - C&B
ERICSSON GLOBAL INDIA PVT LTD
12.2013 - 06.2016
- Prepared weekly updates on variable pay goal assignments for TR SME
- Ensured completion of Variable Pay (STV/SIP) forms before disbursement
- Participated in global compensation benchmarking surveys
- Stayed updated on C&B trends via surveys, portals, magazines, and journals
- Consolidated monthly payroll for variable pay processing
- Compiled and analyzed data for C&B insights and organizational reports
- Conducted quality audits of Variable Pay forms for compliance
- Participated in salary surveys with Mercer & Towers Watson for 17 countries in NE Asia and South Asia
- Supported job positioning and benchmarking for salary surveys
- Mapped survey results to local evaluations to define salary structures
Education
Certification in Strategy and General Management -
IIM Calcutta
12.2011
B.Com -
HNB Garhwal University
07.2007
XII (CBSE) -
Kendriya Vidyalaya
12.2004
X (CBSE) -
Kendriya Vidyalaya
12.2002
Skills
- Data Management
- MS Excel
- PowerPoint
- Word
- Market Pay Compensation Tool
- Attention to Detail
- Organizational Skills
- Analytical Skills
- Critical Thinking
Timeline
Deputy Manager - C&B
SEARS IT AND MANAGEMENT SERVICES INDIA.
04.2022 - 05.2024
Job Costing Analyst -C&B
MILESTONE TECHNOLOGIES INC.
05.2020 - 04.2022
Global Compensation Analyst
BOSTON CONSULTING GROUP
06.2016 - 03.2020
TR Administrator - C&B
ERICSSON GLOBAL INDIA PVT LTD
12.2013 - 06.2016
Certification in Strategy and General Management -
IIM Calcutta
B.Com -
HNB Garhwal University
XII (CBSE) -
Kendriya Vidyalaya
X (CBSE) -
Kendriya Vidyalaya
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