- Manage the compensation cycle (pay increase and variable pay)
- Design simulations based on industry insights, organization budgets and key employee retention drivers
- Ensuring communication of the compensation strategies to various stakeholders
- Disbursement of online annual increment and variable pay letters
- Responsible for driving the LTIP agenda, formulation of LTIP Plans, payout of LTIP each year as per plan guidelines
- Evaluate relevant partners across geography for compensation benchmarking
- Past experience in implementation of HRMS modules, experience in Compensation Module implementation and management preferred
- Ensuring monthly inputs for Payroll. Liaise with external partners and Payroll team for ensuring accurate processing of monthly salaries
- Creating periodic dashboards and presentations as required for informed decisions
- Evaluating and benchmarking benefits regularly to verify the relevance and need of the organization
- Regular communication of available benefits to employees, encourage utilization
- Professionally qualified (MBA/PGDBA HR/General management)
- Prior experience in compensation & benefits is must (at least 7 yrs relevant)
- Experience in working with leaders / cross functional teams / multiple stakeholders
- Strong Business Communication and presentation skills with the ability to influence and convince stakeholders by objectively presenting challenging views
- Analytical Prowess, expertise in advanced data analytics through Excel
- Able to prioritize in complex, fastpaced environment.
- Proficient in handling employee issues with sensitivity, objectivity and empathy
- Team Player with the ability to network collaborate with diverse teams
- Ability to understand cross cultural sensitivity and manage global interactions.
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Manager - Compensation & Benefits (7-15 yrs) - Mumbai, India - iimjobs
Description
Location:
Mumbai (Hybrid)
Embark on a dynamic journey in C&B, shaping global compensation and benefits strategies. Collaborate with cross-functional teams to craft compelling Total Rewards Solutions, driving talent retention and acquisition.
Your Employer:
Global analytics company driven by its mission of making markets Function better. They are Indias foremost provider of ratings, data, research, analytics and solutions.
Responsibilities:
Requirements:
Global Impact:
Lead the design and implementation of compensation and benefits strategies across diverse international locations, influencing organizational success on a global scale.
Strategic Partnership:
Collaborate closely with business leaders and HR partners to align compensation and benefits programs with corporate objectives, fostering employee satisfaction and organizational growth.
