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    Chief Manager - Mumbai, India - Piramal Group

    Piramal Group
    Piramal Group Mumbai, India

    3 hours ago

    Default job background
    Full time
    Description

    Business: PPL Corporate
    Department: Total Rewards
    Location: Kurla, Mumbai
    Travel: Low

    Job Overview

    Support total rewards community of excellence for Piramal Pharma Limited even as we grow
    organically and inorganically to ensure superlative employees experience

    Key Stakeholders: Internal : Corporate HR Team, Senior Leadership Team, Business HRs Key Stakeholders: External: Consultants and various service providers Reporting Structure : Group Head Total Rewards Experience: Minimum years of experience in Compensation & Benefits
    Competencies
  • Experience in job analysis/evaluation, market benchmarking, C&B policies, year end annual review
    cycle etc.
  • Exposure to managing senior level compensation (possibly with some understanding of stock option
    plans), regulatory issues etc.
  • Exposure to comp interventions like retention, guarantees, buy back etc. is desirable but not
    essential.
  • Experience in Global Mobility & Compensation preferred

    • KEY ROLES/RESPONSIBILITIES:

    Compensation & Benefits:
    Design, develop & implement Global Rewards solutions for all businesses.
    Ensure Competitiveness of Reward Programmes , design the reward p hilosophy and keep it
    contemporary. Ensure comprehensive compensation benchmarking and alignment of
    compensation structures.
    Undertake benefits and best practices in rewards benchmarking in India and other countries
    like US, Canada, UK and European Markets.
    Design innovative rewards programmes to enhance the Piramal's EVP and instill a
    Performance culture.
    Revamping Recognition Programme . Sales incentive redesign, retention Plan for top
    performers and critical talent, etc
    Liaise with external agencies such as Aon Hewitt, Mercer, Towers Watson etc. To conduct
    market assessments/ benchmarking and compensation consulting in line with business
    needs.
    Responsible for proposing and executing change with respect to C&B policies and guidelines

    Performance Management:
    Reviewing and redesigning the Performance Management process in alignment with best
    industry practices and driving Performance Driven culture in alignment to our vision.
    Responsible for managing the KRA setting process, mid year review and year end annual
    review cycle as process custodian, working closely with Business HR to ensure that process
    standardization and timeline adherence is achieved.
    Publish the Goals & STI Setting Calendar, Facilitate Quality Audit of Goals & STIs Sheets
    within timelines
    Planning and implementing Corporate Training Calendar with respect to PMS
    implementation and guidelines. And the requisite cascades/ communication is as per plan
    Process Champion for the Online Performance Appraisal process of the organization.
    Responsibilities include inducting employees on the appraisal process, developing an online
    system, assisting managers with implementation of the process, conducting calibration
    meetings with HOD's and handling employee's queries and anxieties
    Creating Competency framework and responsible for job analysis/ evaluation as and when
    required for new positions/ promotions/ ungraded roles etc.
    Job Analysis Workshops; Evaluation of jobs using Mercers methodology.
    Partner with Business Hr and Business Heads for initial diagnosis assessment existing
    Organization Structure & grades; Analysis of job roles (Job Analysis), design new or modify
    existing structures/ grades to align with business needs. Identification of critical resources.

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