Lead - Compensation & Benefits - Leading Oil & Gas Firm

Lead - Compensation & Benefits

Industry - Oil and Gas / Power / Infrastructure / Energy

Category - HR

Skills - Compensation & Benefits, Total Rewards

Job Type - Permanent

Job Description - Our client, a leading Oil & Gas Company is looking to hire a Lead - Compensation & Benefits. This person will be looking into end to end Comp & Ben function and will be reporting into Head Comp & Ben. The person should have exposure to job evaluation, compensation bench-marking, designing differentiated compensation structures etc.

Client Details

They are a leading Oil & Gas Company (Listed Organisation)

Description:

Key Functions:

- To support Head C&B to set the compensation & benefits policies and to ensure fair and accurate compensation to employees including regular salaries and bonuses.

- To manage C&B Processes like the salary planning, Incentive pay-out and employee benefits etc.

- To evaluate each position at the time of hiring and determine competitive offer which is based on internal and external parity

- To support Head C&B in developing, implementing and managing International Compensation adhering to country specific statutory norms

- To support the strategy and business plans of the organization from the perspective of People Cost

- To develop an engaging environment through effective communication to support the Compensation & Benefit function.

- To facilitate an end to end support to the Line Managers in Managing their people through effective HR Systems and Processes

- Oversee and ensure implementation of Job evaluation process which helps the organisation to have a consistent work value measurement, common framework and language to design jobs, define career progression, analyse organisation structures and more strategically manage Human Resources

- To adopt operational excellence tools and principles that enables HR functions to create value to its internal and external customer by improving HR Policies, Processes, Services, Technology and data.

Profile:

Preference for candidates from Banking Setup

KEY ACCOUNTABILITIES:

Compensation & Benefits, Performance Management Process, Policies & Procedures, Internal & External Audits, HR Operational Excellence, Special Projects

KEY CHALLENGES:

- Balancing Compensation Budget and Competitive Pay

- People Cost Optimization

- Attracting and retaining top talent is critical to the organization's success, but is sometimes restrained by the budget

KEY DECISIONS:

- Compensation & Benefits Strategy in consultation with Head C&B

- Scope of work, Quality assurance parameters and Technical evaluation decisions on external vendors

Recommendations to superior:

- Inputs on Compensation and Benefit practices in the industry

- Compensation fitment

- Recommend improvements in HR systems & processes for effective implementation

Internal Stakeholders:

- Business HR Heads

- Functional/ Department Heads

- HR Business Partners

- Employees

External Interactions:

- Implementation partners

- Consultants

Functional Skills:

- Latest Compensation & Benefits concepts, practices and technology trends

- Labour Laws

- Corporate strategy and change

- Good knowledge of SAP

- Excel

Behavioural Skills:

- Interpersonal Skills

- Communication Skills

- People Management Skills

- Problem solving and analytical abilities

- Team Work

Job Offer:

- Opportunity to work with a leading Oil & Gas Company

- Opportunity to Lead the Compensation & Benefits Function

- Page Group India is acting as an Employment Agency in relation to this vacancy.

Contact - Karthik Krishnan - +91 22 6903 6642

Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well