AVP - Compensation & Benefits - Bank

Hiring for the role of AVP Compensation and Benefits (Total Rewards) for a reputed Bank in Gurgaon. Need a Regular MBA Passout.

Job Description Role Summary/Purpose Incumbent will be responsible for ensuring all of Benefits, Wellness initiatives & R&R programs are competitive, sustainable, scalable, and have an impact on the long and short term performance of the organization.

Position Responsibilities - Develop and drive implementation for an equitable and competitive Benefits structure, which is supportive of business objectives

- Collaborate closely with the HR business partners, Functional Heads, Staffing COE to facilitate attraction, motivation and retention of talent through a competitive benefits & R&R framework and administration of the same

- Lead annual Benefits benchmarking processes

- Ensuring effective governance, service providers reviews, audit support from time to time

- Lead the formulation of reward recognition and wellness strategies aligned to business needs and develop and manage related policy and procedures and Systems

- Administration of Benefit programs including insurance, employee health and wellness, car benefits, house lease etc. and market analysis with a focus on continuous improvement

- Oversee the management of vendor relationships, regulatory bodies and other related stakeholders for buy in and commitment

- Manage all areas related to HR Analytics and preparation of reports such as benefits trending & forecast, R&R penetration, HR Cost utilization and provisioning around data and ensure they are shared with relevant practice/business leaders

Measures of Success (Define the Outcomes expected of the role)

Timely & Flawless implementation of:

- Benefits

- Wellness Calendar

- R&R

- Ensuring all the above are market benchmarked & competitive