Shriram Life Insurance - Deputy General Manager/Assistant General Manager - Rewards & Recognition

CTC: 8 - 10 Lacs P.A.

Designation : AGM - Rewards & Recognition.

Work Location: Indore

Job Description :

- Formulation of reward recognition and benefits strategies, policies and processes aligned with business needs and develop and manage related policy and procedures and systems

- Prepare, collates and analyzing market data and competitors pay modeling

- Formulate the rewards and recognition framework and annual plan, and ensure alignment to business needs

- Develop, modify and manage all related policies and systems to aid the execution of the R&R plan

- Support annual performance review and variable pay processes

- Evaluates and provides reports regarding the effectiveness of the organization's Reward and Recognition systems

- Liaise with key stakeholders to understand their needs and expectations of R&R

-Track market best practices by networking with other organizations

- Hands on implementation of the annual R&R plan

- Implement feedback mechanisms to gain understanding of the efficacy of the R&R framework and make suitable changes to improve the same

- Formulate and manage the R&R budget

- Periodical contests launch, results, and dispatch of rewards

- R & R events - Organising end to end

- Post event R & R cost calculations - Contest, R & R schemes

Desired Candidate Profile :

- Ability to conceptualize & design & plan

- Ability to operationalize & implement plans

- Ability to seek feedback and bring about improvement

- Ability to communicate and influence peers and leaders

- Good Communication skills; Operational Excellence; Designing and Planning.