Manager/Deputy Manager - Compensation & Benefits - Outsourcing & Technology Services

Note : People with relative exprience in C&B can only apply, Benefits experience is must.-

Company details : An outsourcing and technology services specialist for governments and diplomatic missions worldwide. The company manages visa and passport issuance-related administrative and non-judgemental tasks for its client governments.

Team Member - Benefits

Position Title: Team Member - Benefits

Job Description : JD - Human Resources - Benefits - Team Member

Organization : India's only Visa and passport process authorised co.

Designation : Manager/ Deputy Manager

Role : Team Member Benefits

Function/Department : Human Resources

Sub-Unit : Compensation & Benefits

Reporting to (position): Lead - Compensation & Benefits

Geographical location of the role : Mumbai, India

Purpose of the role :

- To support the Lead - Compensation & Benefits

- To manage the annual compensation process, partnering with senior leadership team to determine annual salary increases, promotions and other compensation decisions; and

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

Profile - Roles and Responsibilities

Areas of Responsibility & brief description :

- Coordinating retirement, pension, profit-sharing and stock ownership plans

- Researching and analyzing healthcare plans, including medical, dental, vision and disability insurance

- Evaluate Benefit processes and policies to ensure they are current, competitive and in compliance with legal and local rules and regulations.

- Designing a comprehensive benefits package to meet the needs of a changing workforce

- Evaluating the costs and benefits of wellness programs, life and long-term care insurance, and employee assistance programs

- Planning employee communication to spread awareness on Benefits

- Support in designing benefit structures in line with local practices, handling compensation surveys and benchmarking on a global scale.

- Manage service agreements with established providers/consulting companies (pension actuaries, insurance companies, health care providers etc.) and ensures costs are correctly reviewed and controlled in line with the contractual terms.

- Resolve issues related to benefits and independently make appropriate recommendations to Compensation lead, wherever required.

- Building and maintaining relationships with health and retirement plan providers

- Vendor identification and negotiations

- Reviewing vendor invoices, resolving disputes, and reporting on fees and costs

- Maintain benefit related information in database according to established procedures.

- Updates and maintains benefits related procedures as necessary

- Monitor benefits to ensure that they are cost effective and support employee needs

- Act as single point of contact for queries/questions regarding benefit eligibility, amounts of coverage, and claims procedures

- Assist the lead in creating the policy and framework for the compensation structure and benefits

- Assist the Team Lead in end to end planning and execution of C & B budgets.

Indicative KRA- s/Budgetary and Revenue Responsibilities :

- Timely renewal of all term plans/benefit policies

- Ensure competitive renewal rates both for renewals and new policy coverage

- Ensure compliance with legal and local rules and regulations

- Ensure 100% employee coverage under medical health checkup, group personal accident and life insurance polices

- Ensure timely internal & external communication as per timelines

- Maintain and update relevant database for management reporting

Key Interactions within and outside :

External Internal :

- Insurance providers 1. HR Business partners

- Health care providers 2. Payroll team

- Brokers & Consultants 3. Corporate finance team

- Regional finance teams

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

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

- Any post graduate with diploma or certification of 6 to 12 months course in Compensation & Benefits

Experience : Overall 4-7 years of work experience in Human Resources

- Minimum 2 years of experience in Compensation, Benefits, Benefit administration in a global organization

Knowledge & Key Skills :

- Excellent Knowledge of excel

- Ability to work on multiple data sources to arrive at management reports

- Market knowledge related to ongoing best practices

Competencies/Personal Attributes

Organizational Competencies Functional Competencies :

Entrepreneurship

- Data Analytics

- Quality & Service Orientation

- Compensation & Benefits framework

- Teamwork & Collaboration

- Policy & Procedures

- Diversity Sensitivity

- Negotiation & Vendor management

- Personal & Professional Development 5. Execution excellence

- Delivering Results

- Communication

- Networking

- Leadership

Additional Requirements :

- Certification in compensation and Benefits shall be an added advantage.