Manager - Compensation & Benefits - Staffing Firm

Job purpose:

Accountable for C&B policies, processes, and initiatives across multiple Group Companies across PAN India.

Roles and Responsibilities:

- Responsible for designing and implementing the compensation & benefits strategy and its group companies in accordance with the organizational objectives and work culture.

- Responsible for formulating the processes / programs / salary structure as per the governing laws.

- Using various methods and techniques and making data based decisions on direct and indirect financial compensation.

- Responsible for creating proposals / polices and making amendments in existing policies viz. impact of new labour Code on existing C&B policies.

- Conducting the salary benchmarking and providing the inputs regarding competitors practice and conducting a comparative analysis with thePolicies and implementing the changes accordingly.

- Conducting ongoing research about emerging trends as well as best practices in the market.

- Conducting analysis of existing C&B processes/policies and entitlement and drawing inference and suggesting approach for harmonization in M&A environment.

- Working on automating the C&B module and leading the change management process at the time of technology implementation and training all the stakeholders for effective implementation of the C&B module.

- Conducting the Job Evaluation exercises to create National Band/Grades and implementing the same by influencing the senior stakeholders across Group Companies and making effective communication plans for employees at large.

- Ensure that compensation practices are in compliance with current laws and regulations.

- Responsible to plan C&B cost for annual planning, monitoring, and controlling the cost.

- Responsible for working on various benefit plans like Mediclaim, Covid related coverages, Term Life and Group Personal Accident, Employee State Insurance Act & Maternity

Benefit Act etc, by connecting with the insurance providers, getting the quotes, and negotiating for best premium rates.

- Defining equitable, competitive, and fair compensation and benefits packages that fit and are also in accordance with our business goals and strategies

Skill Set:

- Experience as a Compensation and Benefits Manager or similar role.

- Extensive knowledge of benefits and compensation programs, policies, procedures, Fix, Variable and Long-Term Compensation plans like ESOPs, RSUs etc. is essential.

- Extensive knowledge on applicable labor legislation.

- Excellent understanding of job evaluation and job analysis systems.

- Good knowledge on market trends and latest technologies for HR Automation.

- Excellent communication and organizational skills.

- Should be agile and proactive.

- Strong people and project management skills.

- Strong analytical, problem-solving, and decision-making skills.