DVP - Compensation & Benefits - BFS

Position : HR - Comp & Ben

Location: Chennai

Responsibilities

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

- Develop a consistent compensation philosophy in line with work culture and organisational objectives

- Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)

- Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations

- Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees

- Prepare job descriptions, job analysis, job evaluations and job classifications

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

- Differentiate pay systems to invest in the segments of workforce that contribute the most value

- Deploy effective communication strategies and success metrics

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

- Conduct periodic audits and prepare reports

Requirements

- Proven working experience as a compensation and benefits specialist

- Prior experience in HR practices and compensation cycle management

- Working knowledge of job evaluation and job analysis systems

- Previous experience with organisational psychology and labour market surveys

- Adequate knowledge of current labour rules and regulations

- Familiarity with various types of incentives and benefits

- Extensive knowledge of HRIS and MS Office

- Strong quantitative and analytical skills

- BS degree in human resources, business administration or finance