Compensation & Benefits Specialist - Consulting Firm (10-16 yrs)
Our Client, a well known brand is scouting out for a Compensation & Benefits Specialist.
Job Location : Mumbai
- Participating in Comp and Ben surveys & Create a Robust Comp and Ben philosophy
- Analyse performance ratings, distribution curve and promotion recommendations
- Provide regular update on the rating summary pre / post performance appraisal to the Functional Heads / Partners
- Support in preparation of compensation related proposal and salary increments simulations to facilitate compensation decisions
- Execute compensation revision (increments) as well as variable incentive plans for onroll employees / retainers, including roll out of compensation review letters
- Execute compensation revision activities on system including managing related activities, managing Performance management and compensation modules
- Analyze current PMS and suggest / implement changes in PMS as and when required
- Incorporate and map salary surveys data position wise to ensure internal data is in line with market data
- Work on bonus & incentive structures / plans for all functions
- Well versed with Statutory compliance like PF, ESIC, PT, Gratuity
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