Head - Compensation & Benefits/Total Rewards/Talent Management - BFSI (15-20 yrs) - Mumbai, India - iimjobs

Description

Description - Our Client, a Leading Financial Service Firm is looking to hire a Leadership candidate to Head - Compensation & Benefits, Talent Management & Performance Management Functions.

• Propose formulation of talent & rewards philosophy/ strategy aligned with performance driven culture aligned with the key tenets of business strategy.
• Conceptualize models for annual rewards review, propose changes in variable pay/ bonus model /incentive schemes in alignment with business strategy/ budget.
• Review and ensure equitable compensation aligned to roles for new talent acquisition / at the time of salary review process.
• Conceptualize and drive implementation of employee recognition processes at company (providing adequate governance and business level flexibility), ensure its strong linkage to right behavior aligned with focus of business strategy.
• Periodic review of employee benefits, introduction of new benefit offerings to employees

• Design and drive talent management initiatives evaluation, competency framework, design of rolebased organization and structure etc.) to support business needs.
• Conceptualize and plan initiatives to build healthy leadership / succession pipeline for critical roles, and work with HR business partner team / business & function heads to drive and implement actions.
• Design/ drive programs and frameworks to ensure diversity and inclusion of talent at company.

• Identify/ refine performance philosophy of the company, and monitor/ review performance management implementation across business/ function verticals.
• Scan industry best practices, review applicability in company's context, identify/ recommend areas to change process.
• Plan and drive implementation of initiatives to build managers capability performance management / continuous development of their team / focused feedback to enhance outcome effectiveness.
• Review employee feedback (via satisfaction surveys/ other mechanisms/ metrics), and plan critical initiatives to improve employee engagement and reduce attrition (with a special focus on especially new joiners given high attrition in the GI Industry)
• Planning and Productivity Review + HR Analytics
• Lead breakdown of employee expense budget; Lead manpower budgeting conducted during AOP phase including headcount, grade allocation, location allocation, asset allocation, workstation allocation.
• Partner with Finance to conduct budgeting for the organization (from a bottom line headcount expenses perspective)
• Conduct monthly and quarterly review of incentive payouts with function heads.
• Guide team to conduct monitoring of key parameters including productivity, attrition, overall expenses, incentives, hiring and other indices; draw inferences and engage with business teams to implement course corrections.

• Design and maintain processes with adequate risk controls.
• Provide all required information during functional audit, review audit findings and plan actions with

• Team development
• Participate in selection process to identify right talent for positions within talent and rewards department.
• Effectively engage team and provide guidance/ support for professional development of team members to ensure productivity enhancement of talent

• Minimum 15+ years of experience in HR domain with majority of experience in managing Compensation & Benefits.
• Candidate must be currently working in the BFSI sector or should have worked in the past for atleast 5 to 7 years.
• Prior experience of having handled talent & rewards management portfolio
• Experience of driving/ implementation of large HR transformation initiatives
• Exposure to talent nuances in large and mid-size organizations
• Day working

• Opportunity to work with a leading Financial Services Company.
• Opportunity to Head C&B, TM & Performance Management Function.