Manager - Compensation & Benefits

With one of our client in Mumbai we have an opportunity for the role of Manager Compensation & Benefits.

Purpose of the role

- To support the Lead - Compensation & Benefits

- The purpose of this role is to execute global compensation strategy, philosophy, policies and governance in alignment with the organization's overall strategic objectives and HR vision.

- To contribute to growth and profitability by ensuring that pay structures plans are competitive, and that they are designed and managed to attract and retain a top-quality workforce.

- To monitor salary structures and balance employee needs with cost controls

- To oversee vendor negotiations and monitor benefits to ensure that they are cost effective and support employee needs

- To provide strategic advice and guidance on the performance management framework

Roles and Responsibilities:-

- Responsible on a global level for compensation process that will involve compensation strategy, research and benchmarking internationally. Set policy and create the framework for the compensation structure.

- Support the implementation of compensation programs that are competitive, legally compliant and fairly applied and that support the business in recruiting, retaining and motivating all levels of employees in the different employment markets.

- Design comp structures in line with local practices, handling compensation surveys and benchmarking on a global scale.

- Evaluating C&B processes and policies to ensure they are current, competitive and in compliance with local legal and taxation rules and regulations.

Qualification & Experience (Education, Experience, specific knowledge, skills, understanding, attitude)

Education: Minimum: PG/MBA in HR or any Global Equivalent Degree

Additional: Certifications pertaining to HR/Statistics

Experience: Overall 6-7 years of work experience in Human Resources with minimum 4 years of experience in Compensation, Benefit administration Performance Management in a global organization

Knowledge & Key Skills:

- In-depth knowledge and understanding of systems and processes

- Knowledge of Global Compensation & Benefits Models and business models

- Knowledge of HR toolkits and best practices

- Demonstrate financial management and budgeting skills

- Proficiency in MS tools/Software /Systems

- Ability to Innovate and enhance procedures and methods to increase productivity & cost effectiveness

- Market knowledge related to ongoing best practices

- Knowledge of Global performance management structures & Models.

- Someone with strong experience in below mention pointers can share the profiles.

- Focus on SAP Success factor PMGM module.

- Balance Scorecard approach

- Salary Planning exercise ( Annual Increment)

- Annual Bonus / Annual Incentive planning

- Working closely with Consultants ( like Mercer, Aon etc)

- Expatriate Compensation ( good to have but not necessary)

- Market Benchmarking / Job Evaluation ( good to have but not necessary)