DGM - Compensation & Benefits/PMS - BFSI

JOB DESCRIPTION:

Position Title: DGM - Compensation & Benefits and PMS

Reporting to : VP - Human Resources

Work Experience : 12 to 15 years

Qualification : Bachelors Degree, MBA HR - 2 yrs Full Time

Annual CTC Range : Rs. 12 Lacs - Rs. 14 Lacs

Position brief:

- To oversee and administer the employees perfect rewards and smart benefits. To assess personnel needs and draft targeted programs that will increase performance, organisational trust and satisfaction.

- The goal is to attract, retain and motivate high quality employees while reducing turnover and enhancing our company's profile as best place to work.

Responsibilities:

- Define a fair, equitable and competitive total compensation package that fits and is aligned to our company's strategy and business goals

- Develop a consistent compensation philosophy in line with work culture and organisational objectives

- Ensure that compensation practices are in compliance with current legislation .

- Use various methods and techniques and make data based decisions on direct financial, indirect financial and non-financial compensations

- Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees

- Prepare job descriptions, job analysis, job evaluations and job classifications

- Participate in salary and labour market surveys to determine prevailing pay rates and benefits

- Differentiate pay systems to invest in the segments of workforce that contribute the most value

- Deploy effective communication strategies and success metrics

- Conduct ongoing research into emerging trends, issues and best practices

- Conduct periodic audits and prepare reports

- Oversees the development and implementation of an PAN India performance appraisal program and provides advice and recommendations to management and staff.

- Oversees the development and implementation of Functional core competencies, core values, and key performance measures into performance appraisal system.

- Analyzes and reports on measurement results.

- Provides ongoing oversight and support to ensure that performance measures are being used to effectively manage operations, identify and manage risks, and effect organizational change.

- Develops and conducts presentations and training to management and staff on the performance appraisal system.

- May assist with developing and implementing Business performance improvement plans.

Requirements:

- Proven working experience as a compensation and benefits specialist

- Prior experience in HR practices and compensation cycle management

- Working knowledge of job evaluation and job analysis systems

- Previous experience with organisational psychology and labour market surveys

- Adequate knowledge of current labour rules and regulations

- Familiarity with various types of incentives and benefits

- Extensive knowledge of HRIS and ERP Systems

- Strong quantitative and analytical skills

Interested candidates please apply with your updated CV along with CTC details.

K Kumar
Sr Account Manager
New Era India Consultancy Pvt Ltd
New Delhi
Contact - No : 011 - 48888533