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20/03 rhea
Executive-Resourcing at Peoplekonnect

Views:339 Applications:91 Rec. Actions:Recruiter Actions:35

Compensation & Rewards Role - Bank (10-14 yrs)

Mumbai Job Code: 1235956

Openings for the role of C&B

Reporting - Executive VP-Head

Location - Mumbai

JD :

Compensation Benchmarking

- Actively work on compensation benchmarking study for various sponsored and forum based survey

- Work closely with Business HR Team for various compensation needs for business verticals

- Analysis basis comp survey outcome internal parity and input for decision on compensation

Compensation Review Process:

- Actively work on annual compensation budgeting, simulations & planning for execution

- Work with Business team for finalizing the compensation, rating normalization process and build the proposals as per the plan

- Interact with leadership team for comp review process

- Actively involved in the roll out and conclusion of the process

- Handle off cycle comp reviews

- Proactively work on various comp plans required linked to internal comp, market comp and retention challenges to address the talent needs from comp perspective for the respective segments.

Variable Pay:

- Actively work on incentive scheme formation keeping in mind the role deliverables, productivity benchmarks and balance of Fixed to Variable ratio of the compensation

- Work on incentive calculations, analysis and approvals process

- Payout monitoring of Incentives

- Work on the annual bonus plan budgeting, simulation and total variable pay impact linkages to business performance

- Work with Business Team for finalizing the annual bonus plan

- Interact with leadership team for comp review process

Job Band and Pay Bands & Projects:

- Handle Job Evaluation for respective segment and work with the Job evaluation committee from time to time for this.

- Defining comp bands for the fast moving roles for hiring. Review and control the hiring ranges in the line with agreed comp ranges

- Work on various central projects cutting across the organization from HR process or product point of view

- Propose interventions required based on linkage of the various comp analysis to retention, proactive corrections & productivity improvement

Compensation System:

- Work on comp system for interaction with line managers for the various touch point of the comp process

- Handle cycle set up, process management and system configurations on Fusion Compensation system.

Compensation Analytics:

- Comp Analytics pre, during and post compensation review cycle

- Comp analysis basis internal, benchmarking data, hiring data and other market insights

- Industry insights on the area of business for trends, benchmarking on various compensation related area

- Variable pay linkage analysis with business output, productivity and earning analysis.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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