Manager - Compensation & Benefits - FMCG

Purpose of the role : C&B (70%) + HRBP (30%) :

- Ensures cost efficient and market-driven compensation procedures and standards for in India

- Ensures that the Compensation practices remain in line with the market and the global compensation practices

- Provide analytical support and consultancy to the HRBPs

- Supports preparation and execution of annual compensation processes

B. Responsibilities :

1. Compensation Expertise:

- Provides support based on solid knowledge of compensation-related topics and provides support in preparation and execution of annual compensation processes

- Under supervision, analyzes and monitors market trends to ensure compensation programs are competitive

- Manages the company participation in benchmarking salary surveys and maintains results files as support for compensation analysis requests

- Develop or enhance the compensation programs such as Sales incentive, phantom stock programs etc.

- Good knowledge of statutory laws related to the compensation programs.

2. Compensation Analytics:

- Provides in-depth analytical services on topics such as, internal and external equity cost of labor, pay trends, recommendations on salary packages, salary increase guidelines, etc.

- Conducts job evaluation and grading activities, responding to the evolution of the business and the organization changes, and review benchmark positions accordingly.

3. Compensation Consultancy:

- Consults with human resources business partners and managers on compensation actions to ensure alignment with policy and business objectives.

- Develop and deploy educational/training programs and materials to equip HR partners with fundamental of total rewards to enhance their effectiveness in consulting with managers and supporting key initiatives.

4. Benefit Administration:

- Design a competitive benefit strategy and execute the annual group insurance policies

- Introduce innovative and competitive benefits to attract and retain talent.

C. Metrics :

1. Timely execution of the Total rewards program

2. Increased ROI

3. Higher employee satisfaction

4. Alignment of market and employment laws

D. Competencies :

1. Stakeholder management by acting as credible activist

2. Culture and change champion

3. Total Rewards steward & HR compliance champion

4. Analytical Skills & Attention to Detail

5. Business Acumen

E. Candidate Profile :

1. Ideal candidate is a 8-14 years of experience

2. Should have Strong analytical and advanced Excel skills

3. Ability to develop recommendations, influence decisions and communicate the story with insights and trends of compensation data

4 Strong experience managing stakeholder relationships and other partnerships within a global setting

5. Well versed in India Employment related legislations

6. Excellent written and verbal communication and influencing skills with strong presentation skills