VFS Global - Deputy Manager - Compensation & Benefits

- 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.

- 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. Ensures appropriate research and evaluation of new vendors and leads/participates in the selection process and establishment of service level agreement.

- Leads the development of the reward aspects of proposed programs ensuring they are correctly costed, are legal and documented etc.

- Lead the manpower budgeting and forecasting process across organization. Analyze / monitor variation in staff cost vis - a - vis budgets.

Salary Offered : 10-11 LPA