Head - PMS/Rewards & Policies

Job Description: Head- PMS, Rewards & Policies

Role: Lead the PMS, Rewards & Policies function for a leading media conglomerate

Designation : Head - PMS, Rewards & Policies

Reporting Manager: Group CHRO

Position Summary: The key purpose of this role is to Formulate a Performance & Rewards philosophy for the Organization in alignment with Org strategy, HR Vision, Goals and strategy

- Design & Deploy Performance Management system across the Organization in line with the agreed philosophy

- Implement a 'Total Rewards' program and own the Compensation & Benefits framework for the Organization

- Be the custodian of all employee related policies and provide clarification, resolution to employees

Competencies Required:

- Relationship management - Stakeholder management Performance Management process & systems

- Influencing skills, Rewards mechanism & its implications

- Negotiation skills, Budgeting & basic accounting including taxation

- Attention to detail, Employee policies across industries & trends

- Analytical skills, Strategic orientation

Job Responsibility:

Performance Management:

- Develop a Performance Management philosophy of the Organization in line with Org strategy, HR Vision & Goals, HR Strategy and seek approval from top management

- Create a Performance Management system in line with the philosophy and appropriate measures to implement the same

- Benchmark PMS process with market to latest trends & gaps in current system and make necessary changes to the same.

- Clearly communicate and cascade the philosophy to all line managers and employees

- Draw up Performance Management Process calendar as approved by management

- Execute goal setting process, mid-year appraisal & end year appraisal process for all eligible employees

- Develop a training program on Performance Management Philosophy and System of the Company to create awareness & capability for appraisers/ appraises

- Put in place a communication plan for completion of the entire PMS process

Total Rewards:

- Develop a 'Rewards Philosophy' for the Organization in line with Org strategy, HR Vision & Goals, HR Strategy and seek approval from top management.

- Create a comprehensive 'Total Rewards' framework for the Organization in line with the Rewards philosophy

- Create compensation structures for employees based on the framework (Variable pay at higher levels etc.)

- Benchmark current compensation with industry to ensure market competitiveness in order to attract and retain right talent

- Perform parity analysis to ensure internal equity is maintained

- Provide compensation related guidelines to Talent Acquisition teams (Hiring Grid etc.) and support in offer preparation (Compensation)

- Execute Performance Appraisal letters of employees

Policies:

- Review existing policies and align them with Org strategy, HR Vision and strategy

- Create new policies as per requirement and evolving trends in alignment with Org strategy, HR Vision and strategy

- Benchmark policies with industry to ensure 'Best in class' policies are implemented

- Be the custodian of all employee related policies for the Organization

- Communicate & clarify policy related issues/ grievances to employees