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Lead Rewards / AGM / DGM - Rewards Position: Lead Rewards / AGM / DGM - Rewards Experience required for the Job: 5 years + (Relevant Experience of Real Estate Industry) Job Location: Mumbai Qualification: MBA HR Job Purpose: Plan, design, implement and administer a total rewards program for the Birla Estates to keep employee motivation high and to ensure the group rewards right behaviours which are in alignment with organization objectives Role Challenges: The real estate sector in India has seen a shift from the presence of a large number of unorganised players to the presence of large corporate players. Historically, the sector has had limited exposure to advanced HR processes, practices & policies. Hence, it will take time for the managers to develop an appreciation of and understand the relevance of HR and be able to meaningfully contribute to them. This leads to challenges in: a. Ensuring adherence to PMS timelines b. Manager capability in holding appraisal and goal setting discussions c. Receptivity to building capability for undertaking effective appraisal and goal setting discussions, and to understand the PMS process d. Ensuring adherence to defined group Bell Curve norms: - Benchmarking data from the same sector helps in getting senior management buy in for certain HR interventions. However, there is a dearth of exhaustive and quality market data in multiple spheres of PMS, Compensation and Benefits in the organised Real Estate sector given that there are not many such players in the market anyway, and that the sector has traditionally not been known for the maturity and contemporariness of its HR systems and processes Please below the JD in brief for your ready reference: 1. Develop the annual HR budget for Birla Estates basis the HR annual plan and finalize the same in consultation with Head HR to facilitate its timely approval 2. Support Talent Acquisition Manager in designing competitive compensation packages of new hires, ABG group transfer cases, and trainees in a timely manner to facilitate adherence to organization's compensation guidelines 3. Manage the execution of Annual Compensation Review (ACR) process and prepare the first draft of the compensation proposal to ensure the closure of the ACR process as per defined guidelines and timelines 4. Work internally and with external vendors on work pertaining to Rewards advisory, in alignment with broader group guidelines, to ensure the Century group's C&B offerings and policies are market competitive and contemporary 5. Analyse and track the group's internal and external positioning on compensation to ensure competitiveness, fairness, and parity 6. Manage the execution of the employee Rewards & Recognition (R&R) schemes at all group businesses thereby inculcating a culture of high performance and improve employee engagement 7. Manage the execution of the Performance Management System (PMS) process for the group and ensure completion of the same as per defined guidelines and timelines 8. Build managerial capability for holding quality and timely performance appraisal conversations and for setting goals to enhance the efficiency and robustness of Performance Management System process of the group 9. Create and update JDs and evaluate/re-evaluate roles on a periodic basis and as required to ensure appropriate banding of each new and revised role for all group businesses basis existing guidelines

Mumbai

Navi Mumbai

Aditya Birla Group - Lead/AGM/DGM - Rewards 

Job Description for Aditya Birla Group - Lead/AGM/DGM - Rewards  in ULTRATECH CEMENT LIMITED in  Mumbai Navi Mumbai for (5-10) years of experience. Apply Now!

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