Max Bupa Health Insurance - Manager - Compensation & Benefits

- Job Evaluation

- Create and manage robust job descriptions and repository for all roles of the organization

- Undertake job evaluations to ensure that the differences in pay between those doing different jobs within the organization are fair and are perceived to be so

- Compensation structuring & benchmarking

- Designs basic compensation structures in the organization aligned with the corporate culture and the corporate values

- Responsible for annual compensation benchmarking with the help of a consulting firm and share the outcome for further analytics

- Help in designing a band wise pay range for all departments with the help of market data and internal parity.

- MIS Dashboard and HR Analytics

- Utilizes technology and analytical tools to develop and analyze organization-wide people and other cross functional data as needed

- Publish HR dashboards/ reports of commonly watched numbers, metrics such as attrition data, budgeted vs. actual manpower, cost analysis on manpower, loading cost, Avg employee rate, etc. on weekly/ monthly basis

- Work closely with the Business process leads and identify areas of opportunity to improve processes on a proactive and recurring basis

- Incentive design (short term, long term, sales incentive)

- Designs effective reward and recognition systems to create a culture of appreciation in the organization

- Benefits management

- Manage the benefits portfolio of the organization for locations across India. This may include in changes in the state norms.

- Manage insurance renewal, execution of wellness benefits

- Performance Management

- Deploy the goal setting process for the organization. Ensure right cascading of management goals to function, leadership and team level goals

- Make continuous updates (as required) to role level goals / metrics & templates to enhance efficiency and effectiveness of the metric

- Anchor the annual appraisal process

- Ensure system, data, stakeholder readiness for completion of the process

- Yearend and Adhoc process

- Managing salary calculator, manage labour compliance pertaining to compensation and benefits

- Providing support on Year End related Analytics and MIS