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    Compensation Benefits Specialist - Mumbai, India - CMA CGM Global Business Services (India)

    CMA CGM Global Business Services (India)
    CMA CGM Global Business Services (India) Mumbai, India

    Found in: Talent IN 2A C2 - 2 days ago

    Default job background
    Description

    Core Responsibilities:

    Compensation:

    • Annual pay planning, mid-year increases (if any), bonus pay-out and Exgratia within budgets
    • Analysis on compensation benchmarking surveys carried out annually, bi-annual and as per requirement.
    • Salary proposal to recruitment team for candidates based on the data.
    • Salary recommendations and fitments on internal movements and promotions.
    • Design internal pay medians and comp range based on jobs
    • HR Analytics and Reports:
    • Internal Parity
    • Target to Pay Ratio
    • HC Monitoring
    • Budget vs Actual
    • Chalking out Retention bonus strategy & implementation
    • Liaison with payroll on inputs. Work with Local F&A on budgets and provisions
    • Liaising with external audit team and ensuring compliance is 100% met
    • Administrative tasks on letters, MyHR Data, etc.
    • Continuous suggestion on evolving trends, making our compensation programme more attractive and efficient
    • Participate in HO projects for Job Mapping based on recommended architecture
    • Keep an eye on statutory changes in acts and take proactive actions, Revisit and design salary structure on statutory compliance.

    Benefits:

    • Participation in Negotiations and renewal of the Group Mediclaim Cover, Group Life Insurance, Group Accident Benefit Cover, etc.

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