Lead - Compensation & Benefits - Leading Oil & Gas Firm (6-10 yrs) - Mumbai, India - iimjobs

Description

Lead - Compensation & Benefits

Industry - Oil and Gas / Power / Infrastructure / Energy

Category - HR

Skills - Compensation & Benefits, Total Rewards

Job Type - Permanent

Job Description - Our client, a leading Oil & Gas Company is looking to hire a Lead - Compensation & Benefits.

This person will be looking into end to end Comp & Ben function and will be reporting into Head Comp & Ben.

The person should have exposure to job evaluation, compensation bench-marking, designing differentiated compensation structures etc.

Client Details

They are a leading Oil & Gas Company (Listed Organisation)


Description:

Key Functions:

• To support Head C&B to set the compensation & benefits policies and to ensure fair and accurate compensation to employees including regular salaries and bonuses.
• To manage C&B Processes like the salary planning, Incentive payout and employee benefits etc.
• To evaluate each position at the time of hiring and determine competitive offer which is based on internal and external parity
• To support Head C&B in developing, implementing and managing International Compensation adhering to country specific statutory norms
• To support the strategy and business plans of the organization from the perspective of People Cost
• To develop an engaging environment through effective communication to support the Compensation & Benefit function.
• To facilitate an end to end support to the Line Managers in Managing their people through effective HR Systems and Processes
• Oversee and ensure implementation of Job evaluation process which helps the organisation to have a consistent work value measurement, common framework and language to design jobs, define career progression, analyse organisation structures and more strategically manage Human Resources
• To adopt operational excellence tools and principles that enables HR functions to create value to its internal and external customer by improving HR Policies, Processes, Services, Technology and data.

Profile:
Preference for candidates from Banking Setup


KEY ACCOUNTABILITIES:
Compensation & Benefits, Performance Management Process, Policies & Procedures, Internal & External Audits, HR Operational Excellence, Special Projects


KEY CHALLENGES:

• Balancing Compensation Budget and Competitive Pay
• People Cost Optimization
• Attracting and retaining top talent is critical to the organization's success, but is sometimes restrained by the budget

KEY DECISIONS:

• Compensation & Benefits Strategy in consultation with Head C&B
• Scope of work, Quality assurance parameters and Technical evaluation decisions on external vendors

Recommendations to superior:

• Inputs on Compensation and Benefit practices in the industry
• Compensation fitment
• Recommend improvements in HR systems & processes for effective implementation

Internal Stakeholders:

• Business HR Heads
• Functional/ Department Heads
• HR Business Partners
• Employees

External Interactions:

• Implementation partners
• Consultants

Functional Skills:

• Latest Compensation & Benefits concepts, practices and technology trends
• Labour Laws
• Corporate strategy and change
• Good knowledge of SAP
• Excel

Behavioural Skills:

• Interpersonal Skills
• Communication Skills
• People Management Skills
• Problem solving and analytical abilities
• Team Work

Job Offer:

• Opportunity to work with a leading Oil & Gas Company
• Opportunity to Lead the Compensation & Benefits Function
• Page Group India is acting as an Employment Agency in relation to this vacancy.

Contact - Karthik Krishnan

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