AM/Manager – Compensation and Benefit

AM/Manager – Compensation and Benefit

Stalwart Management Consulting
0 Nos.
6419
Full Time
6.0 Year(s) To 12.0 Year(s)
0.00 LPA TO 15.00 LPA
Job Description:

Manager – Compensation and Benefit (20L)

Key Responsibilities:

  • Devise, Manage and implement group salary classification and compensation programs according to HR policy
  • Conduct periodic benchmark analysis of compensation and benefits offerings as compared to the industry & geographic trends
  • Oversee competitive analysis, merit/promotional increases and salary structure
  • Manages & administer the regional Annual Comp Cycle (Merit, STI & LTI )
  • Devise and administer ESOP strategies
  • Analyze surveys to ensure appropriate compensation across all departments
  • Support C& B Head in forecasting budget for salary increases
  • Monitor HR budgets/ staff cost / ZBB/ ZBO data
  • Monitor Incentive and bonus plans and execute payouts
  • Guide HRSSC to administer and manage employee insurance plans to obtain the highest level of service at the best possible price
  • Monitor and Advise on salary increase requests
  • Provides guidance for the compensation and benefits portion of the negotiation of collective agreements in TCIL
  • Advise HRBP, Business Managers and employees on benefits and compensation
  • Monitor Job evaluation and banding/ grading
  • Prepares HR reports and HR Analytics
  • Calculates the variable pay for employees under a close supervision of C&B Head and Finance Business Partner
  • Monitor the compensation audit reports and informs C&B Head about the results of audit tests
  • Advises compensation changes using defined rules (salary changes, variable pay changes, incentive plan change/allocations)
  • Educate and advices other members of HR team & Business on C&B & Taxation topics
  • Analyses the compensation data against the compensation policies and reports non-compliant cases and behavior
  • Handle HR Audit (Internal / External)
  • Monitor compensation structures with regards to the changes in statutory guidelines

Required Skills:

  • Graduate and MBA in HR of Finance Management
  • Strong analytical skills
  • Excellent MS Office skills (MS Excel, MS PowerPoint – Proficiency with Advanced  MS Excel, preferably Macros is a must)
  • Good exposure on various HRMS
  • Communication skills
  • Negotiation skills
  • Self-management skills
  • Team Player

Required Experience:

  • 10 -12 years in Compensation and Benefit ( Desirable experience from HR compensation and benchmarking Consulting firm but not essential)
  • Managing Team of C&B analyst
  • International Compensation Experience desirable

Asst Manager – Comp & Benefit Analyst ( Ambarish role ) (8L)

Key Responsibilities of C&B Analyst

  • Prepares data for compensation and benefits analyses
  • Clean reported data and checks the quality of data
  • Provides support to Corporate HR & HR Business Partners with data
  • Conduct internal compensation benchmarking
  • Provides data for internal & external compensation benchmarking
  • Prepares HR reports and HR Analytics
  • Calculates the variable pay for employees under a close supervision of C&B Manager and Finance Business Partner
  • Run the compensation audit reports and informs C&B Manager about the results of audit tests
  • Prepares compensation changes using defined rules (salary changes, variable pay changes, incentive plan change/allocations)
  • Advices other members of HR team on basic C&B topics
  • Prepares the compensation data against the compensation policies and reports non-compliant cases and behavior

 

Key Skills & Experience

  • Preferable - Graduate in Commerce, Economics or Statistics
  • Essential - MBA – either in Finance or HR
  • 6 - 8 years’ Experience in C&B
  • Strong analytical skills
  • Excellent MS Office skills (MS Excel, MS PowerPoint)
  • Good exposure on various HRMS
  • Communication skills
  • Negotiation skills
  • Self-management skills
  • Team Player
Keyskills :
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