Manager - Compensation & Benefits Consulting - Conglomerate

Hiring for a leading diversified conglomerate:

Need folks presently working in consulting firms working on C&B consulting

JOB ROLE:

- Formulate compensation policies and strategies for the organization

- Work on the Annual Total Remuneration Review Exercise and partner with all stakeholders to prepare and recommend improvements

- Organize and manage regular compensation surveys/ bench-marking exercises to remain market competitive with respect to talent

- Work within guidelines to conduct and monitor budgeting exercise that include direct costs and other employee related indirect costs

- Support the increment cycle for the organization

- Plan, design & manage Job rates across states for frontline associates

- Drive implementation of Reward and Recognition programs

- Facilitate the process of development and implementation of variable/ incentive pay plans

- Implement and manage the Long Term Incentive Plan

- Monitor and evaluate effectiveness and compliance of compensation programs across the organization

- Prepare periodic MIS and analytics

- Provide regular salary fitment metrics to the recruitment team and provide guidance to ensure correct compensation fitment

- Support expatriate compensation management - including salary equalization, special allowances etc.

- Understand Job Evaluation Methodologies and evaluate jobs to arrive at correct level fitment

Policies & Compliance :

- Regularly review and update existing benefits and policies, aligned with market practice and changing organisational context

- Provide inputs and drive the process of creating new policies and procedures in line with best in class organisations

- Act as the custodian of all organisational policies and procedures

Ability :

- Ensuring market competitiveness of compensation structure within the budgetary constraints

- Managing employee expectation and company cost control

- Evaluating effectiveness and compliance of compensation programs

Key Decisions :

- Analysing and Recommending changes in the Compensation Strategy based on changing organisational context

- Evaluating effectiveness and compliance of Compensation Programs across the organization