Compensation & Benefits Role - BFSI - IIM/ISB/FMS/MDI

a. Tier 1 institutes only

b. 4-8 years of relevant experience

- Designing, Implementing, Controlling and Monitoring Compensation Policy & Total Rewards Framework

- Preparation of compensation budgets

- Compensation benchmarking for India & overseas markets

- Creation & Implementation of Incentive/ Bonus/ Performance Pay Plans within the Statutory Framework

- Sound understanding of statutory regulation related to compensation

Compensation and Benefits :

- Responsible for compensation & benefits benchmarking for Indian & overseas markets

- Preparation & monitoring of compensation budgets

- Preparation of various compensation stimulations

- Responsible for implementation of ESOP scheme.

- Understanding of statutory framework wrt LWF, PF, ESIC, Min wages etc

- Responsible for successful implementation of Total reward framework.

- Responsible for creation of compensation structures & aligning employees with the grid.

- Responsible to ensure and provide necessary data monthly, including new hires, salary change etc for payroll process (including pre- payroll) in a timely manner.

- End to End Knowledge of compensation