Sr Manager - Compensation & Benefits - IT

Opening with an American Multinational Corporation assessed at CMMI Level-5 quality metrics and provides value driven turnkey information technology services and solutions to Fortune 500 organizations from Banking & Financial Services, Retail, Telecommunications, Media, Energy, Technology and Manufacturing Industry Verticals.

Position - Senior Manager:Compensation and benefits

Job Location - Bangalore

Education - MBA

Job description

Position Overview:

The role of the position is to manage compensation processes and services globally (currently India, US & UK) including the following:

- Compensation – ensure the yearly Salary and bonus cycle are run smoothly, ensure all compensation activities are undertaken correctly and work with Finance, SBPs and business leaders on headcount planning and employee cost planning;

- Performance Management - responsible for managing the performance management cycle as per defined timelines and processes, to ensure timely determinations and payouts.

- Payroll – Interface with Finance and provide pre payroll input to the Finance Team

This role is a more seasoned analyst in the BU and has the overall responsibility to receive and manage escalations from suppliers and vendors.

Prioritized responsibilities

Compensation and Benefits (30%)

- Support the delivery of Compensation-related processes, including merit, bonus and off-cycle reviews.

- Support the implementation of different compensation projects (i.e. market benchmarking) by providing data and implementing adjustments

- Perform due diligence in order to identify opportunities or concerns with ongoing plan administration, including monitoring vendor performance against SLAs

- Preparation of attractive compensation package offers for new hires, promotions, lateral moves conforming to internal and external equity standards

- Ensuring updation of COLA, Perdiem rates annually for all relevant locations

- Participation is survey and benchmarking initiatives as required

- Provide detailed, constructive impact analysis of proposed plan and legislative changes from legal, administrative, participant and other resources through in‐depth research

- Monitor changes and development in labour codes/legislation

- Responsible for successful implementation of annual rewards management cycle (including but not limited to training managers, supporting them on the recommendations, ensuring accurate rewards statements are prepared, off‐cycle compensation process and implementation of global and local bonus plans

- Develop and execute implementation/communication strategies for any plan changes and other benefits initiatives

- Ensure communication channels are kept up to date of changes in benefit plans and programs, processes and tools

Lead HR - Ajit kumar
Landline : 07840005871 || Handphone || 9560872897
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