Senior Manager/AVP - Compensation & Benefits - Life Insurance

Urgent HR position in one of BEST LIFE INSURANCE organizations

Base location : Mumbai

CTC : Negotiable + incentives, depending upon current CTC.

Span of control : Corporate position

Reporting : Head C&B

Indicative Job Profile :

- The incumbent will be responsible for the compensation philosophy, framework and policies for the organization.

- The role will include leading the various projects under the C&B domain such as compensation benchmarking surveys, annual increment cycles, performance bonuses, sales incentives, rewards & recognition, etc.

End Results Key Activities :

- Define a fair, equitable and competitive total

- Compensation compensation package that fits and is aligned to Philosophy our company's strategy and business goals.

- Ensure that compensation practices are in compliance with current legislation.

- Use various methods and techniques and make data based decisions on direct financial, indirect

- Annual Compensation financial and non-financial compensations.

- Differentiate pay systems to invest in the

- Review Cycle segments of workforce that contribute the most value.

- Deploy effective communication strategies and success metrics.

- Develop a comprehensive R&R framework in line

- Rewards & with the organizations culture pillars & business objectives.

Recognition and Sales :

- Develop & deploy an effective Sales Incentive Incentives framework, keeping both short-term & long-term business objectives in mind.

- Ensure timely execution of all R&R programs.

- Benchmarking & Participate in salary and labour market surveys to determine prevailing pay rates and benefits

Market Intelligence :

- Conduct ongoing research into emerging trends, issues and best practices.

- People Policy Framework

- Develop a comprehensive policy framework covering all elements of an employee lifecycle in the organization.

- Ensure adherence to the published policy documents across the organization.

- Conduct periodic audits and prepare reports.

Knowledge And Experience Skills :

- Approx min. 7+ years of experience in HR with a Proven ability to diagnose major part of it in Compensation & problems using strategic thinking Benefits. skills as well as identify and drive

Competencies :

- Excellent people skills and strong appropriate solutions. decision making skills.

- Ability to thrive in a fast paced

- Strong Customer Orientation and team environment and to navigate leadership. leaders through a variety of organizational changes.

Internal External : Senior Management & Department, Regional & Global HR

Key Stakeholders :

- Heads.

- Leadership teams.

- Talent Acquisition & HR Business

- Business & HR consultants.

- Partnership teams.

Qualifications : MBA HR .

Interested candidates kindly apply with your updated CV mentioning Current, Expected CTC and Notice Period details