Description

  1. 1. COMPENSATION & BENEFITS STRATEGIES
  • Devise, manage and implement market led compensation & benefits strategies for all geographies of operation – India, US, UK, Europe, SEA …
  1. FORMULATION OF COMPENSATION STRUCTURE
  • Devise Grade and pay structures for all the roles in the organization, across geographies
  • Ensure plans and programs are in compliance with philosophy and local regulations.
  1. COMMUNICATION
  • Improve communication of policies and benefits through Benefits campaigns; Policy clarification sessions for the HR and Resourcing team; Timely response to queries on policies and benefits.
  • Disseminate information and communications to local HR in the Region
  • Keep abreast of external environment for emerging trends, regulatory changes, taxation rules, best practices and advise the management as appropriate.
  1. BENEFITS
  • Review, analysis and benchmarking on Policies and Benefits, in consultation with Management team, relating to Service Conditions, Compensation, Incentive policies, Variable compensation and Deferred Compensation programs.
  • Manage the administrative process of benefit programs. This may include such areas as: Insurance, pension programs, employee benefits etc.
  1. VARIABLE PAY & BONUS SCHEME
  • Develop effective approaches to annual increments based on budgets.
  • Develop effective approaches to variable.
  1. 6. MIS
  • Ensure effective and periodic analysis of compensation & benefits and provide MIS support on periodic and need basis. Ensure automation of all critical C&B requirements scope & Financials

Reports to: Head of HR/CHRO
Location: Bangalore
Job Requirements
Qualifications:
A graduate in Commerce, Economics, Psychology or Business Management, preferably with a Master’s Degree in HR / or in Finance. Proficiency in computers, HRIS, with good knowledge of MS Office packages, including excellent Excel skills are essential.
Skills:
Strong skills in formulation and implementation of organizational level policies, recommending corrective or alternative actions to resolve compensation-related problems, perform various activities to develop, implement and administer compensation policies and programs. Be able to identify and benchmark jobs, draw up job equivalence, assess compensation gaps and recommend salary changes during the annual revision exercise. Articulate and convince top management on changes needed.
Experience:
At least 15 years’ experience after MBA in a Compensation & Benefits role with extensive experience in compensation and benefit plan design and delivery, with ability to define problems, collect data, establish facts and draw valid conclusions. Experience in MNCs in the service industry with exposure to global knowledge of compensation design/trends will be an added advantage.
Competencies:
1. Creative thinking
2. Good Analytical skills as the work involve benchmarking and analysis.
3. Good Communication skills for presenting analyses, articulating presentations, reports and policy.
4. Good persuasion skills for implementation and closures
5. Process orientation and ability to work on details with high level of accuracy.
6. Good people skills as the role involve a lot of people interaction and coordination.


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