Payroll Manager (Compensation & Benefits)

Are you a detail-oriented individual with a passion for managing payroll and compensation processes? Do you thrive in a dynamic and fast-paced environment? Then we have the perfect opportunity for you as a Payroll Manager (Compensation & Benefits) at Raytheon Technologies. In this role, you will be responsible for overseeing all aspects of payroll, benefits administration, and compensation programs for our diverse workforce. We are looking for a highly organized and motivated individual with a deep understanding of payroll laws and regulations, excellent communication skills, and a strong ability to lead a team. If you are ready to take the next step in your career and make a meaningful impact, we encourage you to apply now.

1. Oversee all aspects of payroll, benefits administration, and compensation programs for the company's diverse workforce.
2. Ensure accurate and timely processing of payroll and related transactions, including new hires, terminations, and changes in employee status.
3. Develop and implement policies and procedures related to payroll, benefits, and compensation.
4. Stay up-to-date on relevant payroll laws and regulations to ensure compliance.
5. Manage and maintain employee records and information related to payroll, benefits, and compensation.
6. Train and supervise a team of payroll and compensation specialists.
7. Work closely with HR and finance teams to ensure seamless integration of payroll and benefits processes.
8. Address and resolve any payroll or compensation-related issues or discrepancies.
9. Serve as a point of contact for employees regarding payroll and benefits inquiries.
10. Collaborate with external vendors and service providers to ensure the accuracy and effectiveness of payroll and benefits programs.
11. Monitor and analyze payroll data to identify trends and make recommendations for improvement.
12. Prepare and present reports on payroll and benefits metrics to senior management.
13. Conduct regular audits to ensure data integrity and compliance with company policies and procedures.
14. Continuously evaluate and improve payroll and benefits processes to increase efficiency and effectiveness.
15. Represent the company in matters related to payroll and benefits, including audits and government inquiries.
16. Maintain confidentiality and sensitivity when handling employee information and payroll data.

According to JobzMall, the average salary range for a Payroll Manager (Compensation & Benefits) in Bengaluru, Karnataka, India is between ₹800,000-₹1,500,000 per year. However, this can vary depending on factors such as experience, education, and the specific company and industry the Payroll Manager is working in. Additionally, bonuses and benefits may also impact the overall salary of a Payroll Manager in Bengaluru.

The Raytheon Company is a major US defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics. United Technologies Corporation was an American multinational conglomerate headquartered in Farmington, Connecticut. It merged with the Raytheon Company in April 2020 to form Raytheon Technologies.