Deputy Manager/Manager - Compensation & Benefits - Manufacturing

MAIN PURPOSE OF JOB

The incumbent will be responsible for leading the various projects under the C&B domain such as compensation bench-marking surveys, annual increment cycles, performance bonuses, sales incentives, etc.

KNOWLEDGE AND EXPERIENCE

- 4-6 years of experience in HR with a specialization in Compensation

- Exposure in benefits management preferred

- Experience in designing and implementing diagnostic solutions is preferred.

MBA from premium institutes

SKILLS

- Proven ability to diagnose problems using strategic thinking skills as well as identify and drive appropriate solutions.

- Deep Analytical Ability and comfort with handling big data

- Ability to thrive in a fast paced environment and to navigate leaders through a variety of organizational changes.

- Excellent people skills and strong decision making skills.

- Strong Customer Orientation and team leadership.

KEY ACTIVITIES

- Define a fair, equitable and competitive total compensation package that fits and is aligned to our company's strategy and business goals.

- Ensure that compensation practices are in compliance with current legislation.

- Program manage the Annual Compensation Review cycle to ensure complete budget management and timeline adherence

- Use statistical methods and techniques to make data based decisions on various aspects of compensations.

- Drive pay for performance through targeted variable pay programs including but not limited to Sales Incentive Plan, Annual Bonus Plans, LTI and STI.

- Deploy effective communication strategies and success metrics.

- Work with Head C&B to ensure smooth deployment and maintenance of key employee benefits.

- Work closely with internal procurement team in vendor management and renewals

- Work with Compliance Team to ensure adherence to all statutory compliance requirements

- Participate in benchmarking studies to ensure competitiveness of our benefits

- Participate in salary benchmarking surveys to determine prevailing pay rates and benefits

- Conduct ongoing research into emerging trends, issues and best practices.

- Develop and set standards around key HR metrics with focus on analytics around compensation spends and wage management

- Develop a comprehensive policy framework covering all elements of an employee lifecycle in the organization.

- Ensure adherence to the published policy documents across the organization.

- Conduct periodic audits and prepare reports.

- Proven ability to diagnose problems using strategic thinking skills as well as identify and drive appropriate solutions.

- Deep Analytical Ability and comfort with handling big data

- Ability to thrive in a fast paced environment and to navigate leaders through a variety of organizational changes.

- Excellent people skills and strong decision making skills.

- Strong Customer Orientation and team leadership.

Salary offered: 10 - 12 LPA