Key purpose of the job: Responsible for design and implementation of the Compensation & Benefits programs and procedures in order to ensure competitive position in the market. Other duties include maintenance of HR data, policies & technology processes and overseeing payroll vendor on salary payments
Strategic:
- Develop and administer the total reward strategy (Fixed + Short term Incentives + Long term Incentives + Benefits, increments)
- Support annual budget planning and quarterly reviews across regions
- Support the design & development of competitive reward & recognition policies
- Ensuring internal equity in Compensation & Benefits and driving market benchmarking for external equity analysis and re-alignment
- Ensure compliance to statutory requirements
- Ensure standardization of policies across corporate office and all regions
Operational:
Compensation & Benefits:
- Design & implement the compensation & benefits plan and policies for the organization.
- Support employee retention through the compensation strategy
- Participate in compensation surveys for benchmarking company positions
- Recommend changes during the remuneration revision exercise
- Manage compensation fitments for new hire offers in partnership with the recruitment team
- Design and administer the company variable pay and other incentive plans including long term incentives
- Drive benefits administration such as Group Health Insurance Policy, etc
- Develop and monitor the wage bill projections
- Ensure timely bonus pay-outs
HR Operations :
- Manage HR operations throughout the employee life cycle - from hiring to retirement
- Drive key areas of work such as employee records management, attendance records, leave management, grievance management, HR MIS and analytics preparation
Policy designing and recalibration :
- Benchmark internal policies with contemporary HR practices
- Drive alignment of corporate policies across all regions
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