Compensation & Benefit/HR Digitalization Role - NBFC

Headquartered in Mumbai, L&T Finance Holdings Ltd. is one of the leading Non-Banking Financial Companies in India, with a strong presence across the lending business catering to the diverse financing needs of served and under-served customers.

L&T Finance offers Personal loans, Two-Wheeler loans, Home loans, Rural Business loans, Farm loans, and SME loans.

Revenue Range: 15,000 crores

Employee Count: 30,000 employees

Website: https://www.ltfs.com/

Key Responsibilities :

A. COE - Compensation & Benefits:

Design various compensation structures within the overall compensation philosophy of the Company in line with market practices for different business verticals

Design of incentive plans:

- Run project for benchmarking of organization structure and compensation structure with competition.

- Design and implementation of KPIs for different verticals & performance tracking

- Annual compensation review & assessment process of the Company including ESOPs management

- Managing Compensation audits

- Manpower budgeting, redeployment & realignment initiatives

- Manage statutory & board compliances

- Review & upgrade HR policies and process manual and adapt the same in HRMS.

- Drive the process re-alignment for performance management and salary revision processes.

- Ensure timely systematic execution of ESOPs grants as per policy.

B. HR Digitization:

- Lead the development and deployment of digital solutions, including HR information systems, employee self-service portals, mobile applications, and other digital tools

- Implementation and Integration: Lead the implementation of new modules or upgrades to the HRMS, ensuring seamless integration with existing systems and processes.

- Training and Support: Provide training and support to HR staff and employees on HRMS functionality and best practices.

- Digitalize and automate the HR dashboard reporting.

Education: MBA in HR with 3-5 years of experience with some exposure to C&B and HR Digitization.