Compensation & Benefits Role - BFSI

Compensation & Benefits

Skills And Competencies :

- Experience in job analysis/evaluation, market pricing, C&B policies, year-end annual review cycle etc.

- Exposure to managing senior level compensation (possibly with some understanding of stock-option plans), regulatory issues etc.

- Exposure to comp interventions like retention, guarantees, buy-back etc. is desirable but not essential.

- Experience in Global Mobility & Compensation preferred

Key Roles/Responsibilities :

- Look after Compensation, Benefits and Total Rewards for the Group. Oversee the Total Rewards - Role Evaluation, Job Architecture, Compensation and Benefits for different diversified Businesses.

- Design, develop & implement Global Rewards solutions for all businesses.

- Ensure comprehensive compensation benchmarking and alignment of compensation structures.

- Undertake benefits and best practices in rewards benchmarking in India and other countries like US, Canada, UK and European Markets.

- Design innovative rewards programmes to enhance the Group EVP and instill a Performance culture. Benefits design and roll out in alignment to our compensation philosophy and best practices

- Revamping Recognition Programme. Sales incentive redesign, retention Plan for top performers and critical talent etc.

- Liaise with external agencies such as Aon Hewitt, Mercer, Towers Watson etc. to conduct market assessments / benchmarking and compensation consulting in line with business needs.

- Responsible for proposing and executing change with respect to C&B policies and guidelines

- Managing internal departmental queries with regards to ESOPs/LTI