Managing Director at Synerzie Partners
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Assistant Manager - Compensation & Benefits - BPO/BFSI (4-6 yrs)
Job Overview:
As an integral part of the global Total Rewards team, the incumbent will support C&B activities and initiatives for all FSL locations.
Job Title: Assistant Manager Level: F1
Hiring Location: Bangalore Department/Group: C&B
Business Unit: - Travel Required: No
Salary Range: Sub Process:
Voice/Non Voice: -
Grade D Reporting To : DGM
Responsibilities
Primary Job Function
- Responsible for developing, implementing & administering the organization's rewards & benefits policies globally. This includes salaries & bonuses and other employee benefits.
- Supporting direct manager and partnering with internal clients (HR and business leaders) to design and implement compensation, benefits and recognition programs that drive the achievement of business objectives and results.
- Forecasting, budgeting and reporting on Total Rewards data.
- Prepare and present high level confidential reports to senior stakeholders.
- Work in collaboration with Talent Acquisition Team on offer fitments.
- Provide inputs during development of new benefits packages ensuring that these are current and competitive and in line with legal requirements.
- Provide support on increments and STI administration.
- Identify and improve C&B processes.
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan
- Provide support for C&B surveys, annual compensation review cycle, administration and delivery of compensation & Benefits programs that are aimed at attracting and retaining employee talent.
- Recognized for expertise and analytical skills in one or more of the compensation and benefits disciplines; contributes to the development of new concepts and standards
- Ensures compensation programs improves existing/develops new processes and service delivery standards
- Responsible for developing, implementing & administering the organization's rewards & benefits policies globally. This includes salaries & bonuses and other employee benefits.
- Analyze compensation policies, government regulations and prevailing wage rates to develop competitive pay and benefits plans
- Support special in-country compensation and benefits projects, e.g. job leveling, job hierarchies, re-organizations, internal and external audits or new government-mandated changes.
- Provide support for implementation, administration and communication of core compensation and benefits programs (job evaluation/leveling, market data analysis and application, merit planning, annual incentive plans, long-term incentive plans)
- Annual Compensation Review cycle - supports the execution of the program including planning, launching, tracking & managing budgets, documentation of approvals, consolidation of statistics.
- Benefits - Support Design of competitive benefits plan and support renewals of policies/contracts
-For Leadership hiring, Responsibilities can be split into Strategic and Operational
Key Performance Indicators
- Understands business issues and cultural differences and applies that knowledge to compensation & benefits policies design and processes
- Ability to manage multiple programs and projects simultaneously
- Quantitative and diagnostic problem solving skills.
- Proficient in MS office especially Microsoft Excel.
- Keen eye for details
- Strong interpersonal and communication skills (English both verbal and written)
Reporting Structure
- DGM
Qualification & Experience
Critical:
Minimum Qualification - Bachelor's degree
- Master's degree or equivalent in HR & related field would be preferable
- 4 to 5 years of work experience in Total Rewards Management
- Must be proficient in MS office. Advanced knowledge MS Excel and MS Powerpoint.
Desirable:
Know How
Critical:
Desirable:
Personal Attributes/Traits:
- Consultative
- Socially confident
- Achievement oriented
- Decisive and action oriented
- Creative
- Eager to learn
- Resilient
Competencies
- Business Foresight
- Influencing Others
- Fostering Partnerships With Customers
- Managing Transformation
- Driving Excellence
- Leading Teams
- Working Across Boundaries
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