Lead - Organization Effectiveness & Rewards - NBFC

Lead Organization Effectiveness & Rewards - NBFC

Key Responsibilities :

- Design total rewards programs that align with the company's strategic plan.

- Conduct Benchmarking studies on compensation & benefit programs to review & recommend best practices within & outside sectors

- Renew HR Policies directed towards monetary and non-monetary benefits based on employee needs & feedback.

- Undertake studies directed towards job analysis & job measurement to meet current & future needs of the organization, use insights & experience to enhance organization design.

- Responsible for running the manpower planning exercise by partnering with various cross functional stakeholders to understand business plan and requirements.

- Month on month Validation and reconciliation of budget vs actuals; analyzing that Span of Control and Productivity is factored in the annual workforce planning exercise.

- Reviewing department scorecards and comparing them YoY to ensure that key metrics are captured and given apt weightage.

- Partnering with business on strong incentive planning to meet desired outcomes.

- Track key HR metrics like cost per hire and retention rates.

- Deploy experience & expertise in implementing effective performance management program.

- Create a performance-oriented culture through monitoring on-going performance/productivity data; ensuring continuous performance discussions, development plans for key talent and corrective plans for low performers.

- Driving goal setting for the organization and conducting goal setting roadshows.

- Random audit of goals in the organization to ensure SMART goals are set.

- Assisting in creation of the PMS Strategy document encompassing bonus and increment grids and budgets for the whole organization.