AM/Manager – Compensation and Benefit

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