Rewards & Benefits Role - Contractual

Urgent Opportunity for Rewards & Benefits (Contract based Job) for Mumbai Location:

JOB DESCRIPTION

Position - Rewards & Benefits

Function - Human Resources

Location - Mumbai

Business - India’s Largest Conglomerate Organization.

Job Type - 1 years Contract but directly on Company's Payroll.

Key Responsibilities:

- To provide analytics inputs into the Rewards and benefits related processes through worldwide research and subsequent analysis and support projects in policy design, variable pay plan rollouts.

- To support the day to day rewards governance and operations.

Compensation Analytics

- Co relate compensation in line with business data and business performance.

- Develop and recommend metrics for establishing linkages in various businesses.

- Benchmark compensation ratios. Work with resources in Economic Cell, external agencies including research agencies, financial newspapers etc. (Employment cost ratios) with external benchmarks

- Provide inputs into compensation budgeting process

- Be the key resource in the portfolio for all analytics

Research

- Study and present global/ regional and sector specific trends relating to employee wellness and reward, as relevant to COMPANY businesses.

- Research next gen benefit trends and facilitate adoption/ adaptation within COMPANY to enable it to be Employer of Choice.

- Facilitate develop external network and perspective for the Rewards portfolio.

- Track Income tax, COLA and compensation related country specific laws and norms.

Individual Compensation data analysis and external benchmarking for Pay Management

- Benchmark compensation internally across relevant sectors within COMPANY

- Support participation in external studies and define competitive positioning of COMPANY businesses in the relevant sector.

- Identify and track individual data as reported by organizations relating to compensation (217-2A)

- Compile and analyze such data in Group Businesses and provide individual profile-wise comparisons, compile standards.

Benefits and Policy review and implementation for select businesses

- Recommend, Develop and review policies based on requirements, under supervision from Team Lead - Compensation

- Work on the financials and implementation recommendations at business / Group level.

Implement and communicate various short term incentive programs for select businesses

- Assist in the Design, implement and communicate annual incentive plans for various businesses.

- Work with external vendors wherever necessary.

- Continually review to ensure that such plans are competitive vis-à-vis market, aligned to the business objectives

Special Projects

- Review recommendations from Businesses as part of annual compensation review process every year, for certain businesses to highlight anomalies and inequities in the proposals.

- Lead or be member of key assignments such as Compensation communications, compensation workshops etc.

Manoshree Bhattacharjee
01244782506