Assistant Manager - Compensation & Payroll - FMCG

Job Title - AM HR - Comp & Benefit

Department - HR

Job Grade - AM

Reporting to (job title) - Sr. Manager HR Based in (location) - Mumbai

Tasks and Responsibilities:

- Payroll Management and Compensation & Benefits

- Attendance and Leave Management

- Coordination with appraisal process

- Handling Payroll Process for 1,000 employees

- Look after the statutory compliance ESI, EPF (F&F Claims), PT, TDS, LWF.

- Compensation Bench marking Surveys

- Compensation Advisory - Pay Design, Pay Structuring, Rewards Strategy, Job Evaluation

- Variable Pay & Incentive Design

- Responsible for India Annual Increments & Bonus calculations and pay-outs - including identifying employees eligible for increments & bonus based on the guidelines set and analysing budget verses Actual Pay-out.

- Design comp/benefit structures in line with local practices, compensation surveys and benchmarking on a global scale.

- Providing compensation fitments and offer recommendation

- Evaluation of C&B processes and policies to ensure they are current, competitive and in compliance with legal and local rules and regulations

- Resolve compensation issues and independently make appropriate recommendations to the management, wherever required.

- Analyse Market Data from Compensation & Benchmarking Surveys and recommendations on Compensation Structure, Salary, and Internal Parity Vs Market Competitiveness.

- Maintain Attrition database

- Restructuring Compensation & Benefits

- Variable Pay policy Design

Exposure to Success Factors will be an additional benefit for the applicant

Education, qualifications, special training, experience and skills

Years of Experience: 4 - 9

Education: Full time MBA from B School.

- Must have handled compensation activities independently.

- Excellent in all calculations i.e. PT,HRA,LTA,Gratuity etc

- Must have a expertise in excel