Lead - Compensation & Benefit - Financial Services

Compensation & Benefits:

- Design, develop & implement Global Rewards solutions for all businesses.

- Ensure Competitiveness of Reward Programmes, design the reward philosophy and keep it contemporary. Ensure comprehensive compensation benchmarking and alignment of compensation structures.

- Undertake benefits and best practices in rewards benchmarking in India and other countries like US, Canada, UK and European Markets.

- Design innovative rewards programmes to enhance the Piramal's EVP and instill a Performance culture.

- Revamping Recognition Programme. Sales incentive redesign, retention Plan for top performers and critical talent, etc

- Liaise with external agencies such as Aon Hewitt, Mercer, Towers Watson etc. To conduct market assessments/ benchmarking and compensation consulting in line with business needs.

- Responsible for proposing and executing change with respect to C&B policies and guidelines

Performance Management:

- Reviewing and redesigning the Performance Management process in alignment with best industry practices and driving Performance Driven culture in alignment to our vision.

- Responsible for managing the KRA setting process, mid-year review andyear end annual review cycle as process custodian, working closely with Business HR to ensure that process standardization and timeline adherence is achieved.

- Publish the Goals & STI Setting Calendar, Facilitate Quality Audit of Goals & STIs Sheets within timelines.