Senior Manager - Compensation Benefits & PMS

Our client is a MNC Corporate Company based in Mumbai (Lower Parel)

Its is 5 Days working (From OFFICE).

Position - Sr Manager Compensation Benefits & PMS

Reporting - HR Head

Team Handling - 3-4 People

Work Experience - 8 Years+

Education - MBA / PGBDA

Job Profile;-

Comp & Ben

- Lead the Compensation and Benefits policies and practices.

- Monitor and design salary structure and benefits provision to ensure a balance between controls of costs.

- Undertake Job Evaluations to ensure that correctly align roles/ jobs to their righteous levels and rightfully justify the variation in salary between those doing different jobs within the organization.

- Design, develop and implement benefit packages - ensure competitiveness and relevance of salary structures in line with legal and statutory requirements

- Ensure smooth deployment and maintenance of key employee benefits.

- Participate in benchmarking studies to ensure competitiveness of our benefits.

- Deliver value through Total Rewards Strategies, policies and solutions that enhance the attraction and retention of top talent.

- Incubate, implement and drive various compensation programs including Market Benchmarking

- Merit Increase, pay for performance programs and compensation planning etc. for diverse job profiles.

- Manage the implementation of relevant HR policies and programs within the business and coordinate the relevant key strategic processes

- Design and program manage the Annual Compensation Review cycle for manufacturing entities to ensure complete budget management and timeline adherence.

- Guide new HR business partners on the compensation philosophy of the organization, salary structure and variable pay, allowances and increments

- Identify opportunities for improvement and consult with the leaders to agree on solutions. Imbibe a culture of continuous service improvement.

Performance Management

- Responsible for performance management, HR policies, rewards and recognition and annual appraisal process.

- Support the design and execution of annual performance management process for the organization.

- Act as an SME and guide the HR generalists and line leaders in defining objective business, team and individual level scorecards to strengthen the performance management architecture.

- Engage with stakeholders to determine business performance matrices for the organization.

- Design and drive Goal Setting exercise with senior leadership.

- Design and deploy policy on PMS for the organization

- Drive performance culture.

- Facilitate cascade of goals across the organization.

- Develop business review mechanisms and work closely with HODs and leadership to ensure reviews are conducted.

- Drive regular feedback processes across organization.

- Derive mechanism for appraisal in consultation with stakeholders.

- Create standard formats and review material.

Payroll

- Lead the Payroll process and related to remittances in collaboration with payroll team.

- MIS Reports and submit to leadership to support decisions policies and practices-Analyze statistical data and reports to identify and determine causes of personnel problems and develop recommendations for improvement of organization's personnel policies and practices.

- Liaise with Finance team for smooth administering of total rewards programs

Desire Experienced:-

- Experience in total rewards covering compensation and benefits operations, designing rewards programs and solutions that align with unique needs of business.

- Must have an analytical mind with good interpersonal, communication and presentation skills.

- Understand basic Statistics and a pro on Microsoft Excel

- Must have team handling capabilities.

- Ability to collaborate and work with stakeholders across levels and teams.