Sr Consultant - Compensation & Benefits

Role: Sr. Consultant - C&B

Location: Gurgaon

- Looking for HR Professionals in the file of C&B who would like build their Carrier in the field of HR Consulting for C&B

Functional Expectations:

Compensation and Benefits:

- To identify the KPI’s and design the compensation structure and bonus payment plan

- Conducted discussions and identified KPI’s

- Present & prepare a fixed as well as bonus payment plan

Compensation Re-Structuring:

- Analysis of Salary Components & their Break-up

- Discussion with the HR team to know the Reason of the introduction of the particular components.

- Study of Minimum Wages of the States.

- Analysis to ensure the Minimum wages for employees salary falling under should be aligned as per state regulation.

- Benchmarking study of the competitors.

- Proposing the Tax Friendly structure.

- Simulation exercise of the new/amended structure.

- Cost Impact & Analysis on the firm.

- Suggesting methods of way out & implementations.

- Handholding in final implementation of the structure & in Drafting Appointment & Increment Letters & their Breakup.

Performance Management System:

- Provide support for planning, implementation and coordination of the bi-annual/ quarterly & annual Career Development Cycle for the clients.

- Assisted HR Manager in designing and Implementation of various types of appraisal system i.e. Balance score card, skill sheet, MBO etc.

- Responsible for defining the competency criteria’s, bonus & annual increment percentage.

- Compiling the rating sheet i.e. self rating, 1st & 2nd reviewer’s rating.

- Evaluating the performance on the basis of bell curve.

- Once the increment % is decided, then reflecting the same in the overall CTC of the individual.

- Maintaining data & facilitate communication & change management.

- Identifying the no of people for training & development needs.

- Sharing the feedback sheet with the employees.

- Responsible for sending mails to the employees for Goal Setting, Self review and collecting the feedback from respective Managers.

- Have designed various PMS system for clients & helped them in effective implementation of the same.

- Performance measures draft - KRA’s, KPI’s, Targets & Weightage %, Collecting Scores, Compiling it.

Prefer Candidates who have between 2 to 6 yrs of experience in the field of C&B & interested to move into the consulting Business.

Qualification: MBA