Manager - Compensation & Benefits/Payroll - Manufacturing/FMCG /Retail

Job Description :

To design & execute various strategies, policies & practices pertaining to performance management, Rewards, Compensation & Manpower Budget.

Principal Responsibilities :

1. To have Compensation & Benefits benchmark & trends which are accurate, detailed & relevant to company needs and ensuring its usage.

2. To plan and execute Performance Management (Goal Setting & annual appraisals) process.

3. To roll out the annual increment & variable pay letters on-time-in-full & right first time.

4. Assessing annual manpower requirements viz-a-viz business forecast and planning requirement for manpower in a fiscal year. To formulate and monitor Manpower budget

5. To work closely with HRIS team ensure automation of HR modules and enhancement in existing modules .

6. Designing Compensation models / Pay Mix for Executives with focus on Long term incentive plans.

7. To ensure stakeholder buying on annual increments & variable pay distribution which are aligned to company performance and market trends

8. To maintain competitive salaries and benefits provided to employees and ensure Pay for Performance model is rightly implemented in annual salary increase

9. Overseeing payroll & compliance related matters

Qualification & Experience : MBA with 6-12 years of experience

Functional knowledge & Competencies :

- Conceptual knowledge of HR Systems and processes

- Good command over MS-Office/ERP

- Sound exposure in mentoring skills

- Good negotiation and interpersonal skills

- Exposure to various new trends in C&B

PG - MBA/PGDM - Any Specialization