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    Manager Compensation and Benefits - Mumbai, India - CRISIL Limited

    CRISIL Limited
    CRISIL Limited Mumbai, India

    4 days ago

    Default job background
    Accounting / Finance
    Description

    CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better.

    We are India's foremost provider of ratings, data, research, analytics, and solutions. A strong track record of growth, culture of innovation and global footprint sets us apart. We have delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers. Our businesses operate from India, the United States (US), the United Kingdom (UK), Argentina, Poland, China, Hong Kong, Singapore, and the United Arab Emirates (UAE).

    We are majority owned by S&P Global Inc., a leading provider of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.

    We are looking to hire a suitable candidate with relevant Compensation and Benefits experience

    Role Summary

    The role will be responsible for managing compensation lifecycle and benefits for all CRISIL entities and locations. This includes partnering with businesses, key corporate function stakeholders and business HR partners. Build and communicate an effective Total Rewards Strategy that enables retention and attraction of talent.

    Role Details

    Compensation

    Manage the compensation cycle (pay increase and variable pay)

    Design simulations based on industry insights, organization budgets and key employee retention drivers

    Liaise with business for inputs and finalization of individual merit increase and bonus across businesses.

    Devise merit and bonus grids based on various simulations across all geographies

    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

    • Fitments and Role Assessments
    • the international fitments ensuring parity and employee engagement, retention
    • for corrections for IJP cases / retention cases as may be required

    Compensation Benchmarking

    Evaluate relevant partners across geography for compensation benchmarking

    Liaise with business and key stakeholders during the annual process to gather necessary information, partner with the vendor to get meaningful insights and reports, sharing key information with business for making informed decisions

    Sharing quarterly industry insights with business

    HRMS

    Past experience in implementation of HRMS modules, experience in Compensation Module implementation and management preferred

    Payroll and Statutory requirements

    Ensuring monthly inputs for Payroll. Liaise with external partners and Payroll team for ensuring accurate processing of monthly salaries

    Ensure all statutory requirements are complied with, thereby providing relevant data on a periodic basis to auditors, relevant stakeholders

    Compensation Analytics

    Creating periodic dashboards and presentations as required for informed decisions

    Track market intelligence/trends, conducting in-depth analysis to generate trends and generate insights on ongoing basis

    Benefits

    Evaluating and benchmarking benefits regularly to verify the relevance and need of the organization

    communication of available benefits to employees, encourage utilisation

    of Benefits across multiple geographies preferred

    Essential Qualification

    Professionally qualified (MBA / PGDBA – HR/General management )

    Experience

    Min 7+ years' experience

    Prior experience in compensation role is essential.

    Experience in working with leaders / cross functional teams / multiple stakeholders

    Skills

    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, fast-paced 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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