Hi Shloka,
Welcome to Citehr.com!! Hope your tryst with us proves to be a great experience as it has been for all us here..
C & B - Compensation & benefits ( Dips..for your info pls)
Here one should have a basic knowledge of finance and it's implications..esp the comfort level with numbers is essential..y?..because if you don't..the Finance guys & other would challenge you with numbers & implications...so one should be through with the basics...needlessly to say ease with excel sheet & ability to work out the implications vis-a-vis with budgeted costs & impact on bottomline as desired by Management alongwith various options..
More than that ...one should have knowledge of its components of C&B and the standard practices followed as such..its has been highlighted in detailed under CTC head in C&B header...
Knowledge of tax planing is crucial..esp the allowable allowances..and the exemptions available...
Both...
Be aware of the trends in your industry and latest methods of restructuring post FBTs to attract the talent ...
Here you have to defend your position and have the ability to meet the ever-increasing demands of both the employees as well Management ..
Hope this helps...
Have a great day!!
Cheers,
Rajat