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    Compensation Benefits Manager - Mumbai, India - PI Industries Ltd

    PI Industries Ltd
    PI Industries Ltd Mumbai, India

    1 week ago

    Default job background
    Description

    The core purpose of the position is to design and execute end to end Performance Management Process and Rewards programs/interventions.

    Strategic

    • Design / re-refine end-to-end Performance Management and Rewards programs / Interventions (goal setting, mid and year end performance evaluation, compensation benchmarking surveys, policies, role fitment etc.)
    • as a process owner for Process Design and Deployment (via processes and SuccessFactors).

    Operational

    Performance Management:

    Design and facilitate end-to-end performance appraisal processes, ensuring alignment with organizational goals and values (goal setting workshops, goal enhancements, mid and year-end performance evaluation, leveraging SuccessFactors etc.)

    Provide consultation / guidance to managers and employees on goal-setting, mid and year end performance evaluation process

    Analyze performance data to identify trends and make recommendations for improvement.

    Compensation and Benefits:

    Conduct the end-to-end compensation process, including salary surveys, salary benchmarking, and salary structure design/re-design

    Be a process owner for year-end compensation increment cycles

    Design / optimize employee benefits, ensuring compliance with regulatory requirements and market competitiveness.

    Policy Development and Compliance:

    Design and maintenance of HR policies related to, but not limited to, performance management, compensation, and all employee benefits

    Lead policy benchmark surveys to maintain market competitiveness

    Desired Experience:

    • Masters in HR from Tier 1 or 2 Institute
    • 3-6 years experience in performance management, compensation, and benefits administration, preferably in the agro-chemical or agricultural industry.
    • knowledge of Indian labor laws and regulations.
    • analytical and problem-solving skills
    • ownership mindset with end to end accountability of projects
    • with a high level of accuracy
    • Knowledge of SuccessFactors is preferable
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