Mahindra Finance - Mgr - Compensation

Job Purpose:

To provide support to HR Operations in relation to all aspects of:

- Designing, Implementing, Controlling and Monitoring Compensation Policy & Total Rewards Framework

- Implementation of Related processes compensation for all Incentive/ Bonus/ Performance Pay Plans within the Statutory Framework

- Ensuring Compensation Data Management & Timely Flow to Payroll

Job Responsibilities:

a) Compensation and Benefits:

- Responsible for the delivery of Compensation-related processes monthly, including processing of Incentives Mthly/ Qtly / or any special incentive, Leave Encashment, statutory bonus cycles are run smoothly, ensure all compensation activities are undertaken correctly accurately and as per timelines.

- Responsible for Annual Compensation.

- Ensuring state wise Statutory Minimum wages are met.

- Responsible for implementation of different compensation projects i.e. market benchmarking, policy benchmarking, deriving inferences and suggesting suitable adjustment to the Management and implementing the same.

- Designing compensation for promotion cases.

- Responsible for successful implementation of Total reward framework.

- Develop and execute implementation/communication strategies for any plan changes and other benefits initiatives.

- Responsible for researching, resolving and responding to benefits queries and escalations from employees,
the HR function, and management.

b) Payroll:

- Responsible to ensure and provide necessary data monthly, including new hires, salary change etc for payroll process (including pre payroll) is run effectively and timely as per pre defined time lines.

- Maintaining Compensation data in SAP.

Reporting: This position reports to Sr. Manager Human Resources who inturn reports to Head - HR Operations

Location: This position is based out of Head Office, Worli, Mumbai to Compensation within Human Resources. This is an individual contributory role.

Other Mandatory Requirements:

- Candidates should be exposed to Designing Compensation Structures, Participating in Compensation
Surveys, SAP-HR, Implementation of Compensation Framework with at least 3yrs of working knowledge - POST

QUALIFICATION.

- Candidates should have knowledge of MIS, Analytics & Advanced Excel, he/she should be comfortable working with large volumes of data.

- Candidate must be exposed to a large scale service organization and handled a corporate role with and employee strength of at least 3000+ employees.

- Only local candidates from Mumbai may apply.

- Candidates with NBFC exposure are preferred however not mandatory.

Educational Qualification:

- MBA-HR with overall 4-8 yrs experience.

- Relevant Compensation experience of at least 3 yrs

About the Company:

Mahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. Through a vast network of over 650 branches, we provide personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector. MMFSL’s rural financing is considered as the cornerstone of poverty reduction, rural development and inclusive growth in many parts of the country.

With a majority of our country’s population living in rural India, our loans to over 25,00,000 customers belonging to the low income groups have proved to be a catalyst in helping rural India surge ahead in a big way. Our unique business model is socially inclusive as we help customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. It is also our continuous endeavor to develop skill sets at the local level.

We currently provide employment to over 11200 people who belong to the areas in which we serve, ensuring that our employees truly understand their customers. Our goal is to be the preferred provider of retail financing services in the rural and semi-urban areas of India, while our strategy is to provide a range of financial products and services to our customers through our nationwide distribution network.

Our Employment Value Proposition:

At Mahindra Finance,

- Growth is a Way of Life

- Employees are Empowered &

- People Matter

For more details please visit http://www.mahindrafinance.com/ & http://www.sparktherise.com/

How to Apply:

To apply, please visit: https://www.linkedin.com/jobs2/view/11624465