Manager - Compensation & Benefits - BFSI - IIM/XLRI/TISS/SCMHRD

Our client is a global leader, with offices across the globe

Designation : Manager - C&B

The Compensation and Benefits Manager is responsible for the effectiveness of our total rewards strategy in India. The core responsibility therefore is to develop, implement and administer competitive comp/ben that recruit, motivate and retain, consistent with global strategies and locally relevant.

Core responsibilities/activities :

- Conduct annual market assessment and take ownership for the quality of market data used to guide decision-making

- Recommend the base pay budget required for the annual focal review

- Periodically review the competitiveness and effectiveness of our C&B components within India, and make recommendations to close any gaps if required

- Establish tools and channels which empower HR business partners and line managers with the necessary knowledge to make effective reward decisions

- Execute the functional processes, such as but not limited to the annual focal review cycle (CRP), annual benefits enrollments, insurance renewals, etc

- Drive the right balance between corporate and local considerations (i.e. Deploy our corporate rewards strategy within the country while ensuring that local market dynamics are appropriately factored)

- Network internally and externally as the go-to knowledge expert for everything related to compensation and benefits within India

- Manage and direct external vendors and appropriately influence vendor processes and operations to achieve the best outcomes

Support responsibilities :

- Provide real-time consulting to HR business partners, staffing team and line managers related to offers, counter-offers, payroll transfers, and other routine front-line HR activities

- Research and analyze comp/benefit plan trends, utilization patterns and demographic issues; develop appropriate plans or programs to address issues.

- Work with India HR team to design local policy documents and effective governance process flows and checks

- Provide ongoing education and training to business HR, line managers and employees

- Provide ad-hoc support (or lead) regional projects that may arise from time-to-time (e.g. M&A)

Desired Skills :

- The ideal candidate will have a minimum 5-7 years of experience in HR having maximum exposure in the C&B function in his/her respective organization.

Additionally he/she must have the following skill set :

- Should have a Post Graduate degree(candidates from premiere MBA institutes )

- Should have demonstrated strength in analytical thinking and project management skills

- Excellent communication skills

- Should have the ability to work effectively with senior management, HR teams in India and US

- Should have demonstrated good intrapersonal skills and ability to thrive in a team environment working collaboratively with other resources

Please feel free to reach me on 080-66560330/99720 97361