Compensation & Performance Management Lead TYPICAL ROLE REQUIREMENTS : Qualification : MBA or Equivalent from Tier I B School Experience : - 5-8 years- experience in HR with minimum of 3 years- experience in C&B Knowledge & Skills : - High Analytical / numerical ability - Productivity Tools like Flowcharts, Swim lanes, Excel/ Office applications - Excellent interpersonal and verbal communication skills - Must be able to partner/consult with all levels of management - High degree of results-orientation and ability to execute while multitasking - Ability to partner across HR to deliver effective compensation and benefits solutions - Ability to work across functions and influence stakeholders in other functions like Finance, Tax, Legal and Procurement and external vendors AREAS OF RESPONSIBILITY PERFORMANCE MEASURES : 1. Compensation Strategy & Planning - Drive development of compensation philosophy in alignment with organization's strategy. - Lead assessment of compensation structure, pay mix and market positioning and discuss recommendations with HR leadership. - Design and implement the Flexi Reward Framework across different employee generations ensuring alignment and consistency in rewards policy & framework 2. Compensation Management - Design Pay Ranges based on reward philosophy and qualitative inputs from compensation benchmarking exercise for both Management and Non-Management Levels : - Guide team to conduct job matching, benchmarking and to develop pay bands. - Lead annual salary reviews across the organization. - Review current variable pay plans, analyse market best practices, conduct cost impact analysis and propose design modifications in alignment with the key imperatives. - Develop monetary and non-monetary employee incentive programs to recognize employee service, safety and special achievements. - Non Sales Long and Short Term Incentives- Designing of the Non Sales Incentive Policies and execution of the same. Responsible for implementation of LTI policy of the company 3. Policy Design and Review - Research and analyse salary components, trends and benefits offered by peer comparators - Responsible for end to end design and management of all employee related benefits and polices - Design, communicate and continuously improve Rewards policies. - Provide advisory support in designing special policies for specific BU or employee segment - Diageo India Highly Confidential 4. Vendor & Stakeholder Management - Partner with vendor management to negotiate contracts with various vendors and driving enrolment through the Flexible Benefits Program - Establishes supplier relationships and negotiates competitive service contracts that clearly define performance targets and deliverables. - Effectively partners with HRBP, internal teams, and integrates the plans and materials, during design &implementation stages - Design documentation to socialize proposed changes and obtain buy in from HRBPs and management. - Review, suggest & address any off cycle needs of the HRBP which may be of compensation changes, levelling recommendations, custom market analysis etc. - Responsible for improving awareness and understanding of reward philosophy and programs across the business HRBP, Staffing and Line Manager teams through various communication channels and development of reward communication tools - Compile reports, charts, or graphs that describe and interpret inputs from employees, HRBP & management on various reward interventions

Bangalore

Diageo - Compensation & Performance Management Lead 

Diageo - Compensation & Performance Management Lead  ,Job Description for Diageo - Compensation & Performance Management Lead  in DIAGEO(United Spirits) in  Bangalore for (5-7) years of experience. Apply Now!

Job Description for Diageo - Compensation & Performance Management Lead  in DIAGEO(United Spirits) in  Bangalore for (5-7) years of experience. Apply Now!