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07/05 Pravina Devi
HR at Diageo

Views:2135 Applications:392 Rec. Actions:Recruiter Actions:42

Diageo - Compensation & Performance Management Lead (5-7 yrs)

Bangalore Job Code: 820963

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

Women-friendly workplace:

Maternity and Paternity Benefits

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