Deputy Manager - Compensation & Benefits - Manufacturing

Job Location: Mumbai or Pune

Reporting : Head C&B

- 5 - 9 years of specialist experience in Total rewards preferably in SAP Candidates with MBA (HR) from premier B schools will be considered preferred.

- Excellent communication skills and the ability to work closely with regional and senior stakeholders is required

Reporting into the C&B Lead, you will work closely with the business leaders to drive the compensation and benefits portfolio for 1000 people and will be directly responsible for :

- Managing the compensation and benefits portfolio for the India business

- Support in revaluation of the compensation structure for India and work on making it more employee friendly

- Work extensively on planning and execution of mid-year or annual or off cycle merit planning and ensure a smooth closure on time

- Support on robust Exercise on internal + external benchmarking to analyse the market best practices and work to introduce the same in the organization

- Work regularly on cost impact analysis and compensation ratios to evaluate budgeting and accurate payroll input on SAP year long

- Work towards applying all compliances and tax related structures for employees

- Lead in running and closing the annual increment and variable pay cycles

- Manage/coordinate the use of web-based tools used for salary review and incentive process management

- Manage and maintain the classification of roles as well as the regional incentive plans, and provide all data required

- Facilitate in completion of annual appraisal and periodic talent management discussions

- Work on designing and cost calculation of executive benefits like insensitive E-sops/ STI/ LTI etc.

- Design and implement multiple recognition and wellness programs