- Be Responsible for building the strategy for compensation & benefits
- Overall planning of compensation - Budgeting or forecasting program manage compensation planning for Compensation in India and ensuring inputs to relevant finance teams to build rate cards
- Designs pieces of complex compensation programs resulting in significant and long term changes to the company's compensation offerings and policies ensuring optimal budget utilization.
- Planning the IT implementation of compesation & benefits, SAP alignment
- Oversees the implementation of specific components of complex and large scale compensation initiatives ensuring appropriate local implementation in the context of group guidelines.
- Designs and develops training education and communication materials for the implementation of compensation programs.
- Drives resolution of compensation issues and independently makes recommendation for optimal solution in situations where issue is complex.
- Drive refinement of the Market Intelligence processes and deliverables to ensure client expectations and deliverables are met on time and with quality
- Accountable for market data collection analysis and target development. Ensure market data analysis and recommendations are aligned with the compensation and benefits or pension strategy and direction
- Analyze performance metrics. Provide specialty reporting and data analysis as required. Identify trends potential areas of non-compliance with legal requirements and opportunities for performance improvements within the function
Education: MBA / PG in HR
Knowledge or Skills Requirements:
- Knowledge of compensation design and implementation .e.g. base pay variable pay benefits perquisites etc.
- Knowledge of country labor laws impacting rewards.
- High order of analytical ability and comfort with numbers
- Ability to effectively interface with multiple geographies and cultures
- Issue Resolution and Escalation
- Excellent MS Excel skills
- Tactical and strategic
- Responsible for ensuring compensation strategy is in line with the business needs and market realities
- Deal with expectations of critical business stakeholders i.e. with biz leads capability leads global recruiting third party vendors to ensure efficiency and effectiveness in HR support service delivery
Other considerations:
- Must be hard-core compensation & benefits person
- Must be currently in the similar role
- Only Mumbai/Navi Mumbai candidates are preferred
- Experience in media industry will be preferred
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