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12/07 Pooja Saxena
Principal Consultant at Leaders Hunt

Views:1655 Applications:122 Rec. Actions:Recruiter Actions:122

General Manager/AVP - Compensation & Benefits - BFS (10-15 yrs)

Mumbai Job Code: 720185

Seeking for a C&B specialist with expertise in PMS, Manpower Planning, Bench Marking, Payroll, LTIP and Esops. This is a 2nd in line position to the Head C&B of the organisation, which is a leading name in Insurance industry.

Responsibilities - 

Responsible for effectively driving the key areas of Rewards, Performance Management, Dashboards & MIS. This includes communicating, implementing and improving the processes of performance management, compensation & benefits management. Working on reward schemes with the objective of enabling business performance by creating a performance-oriented culture, ensuring a competitive compensation for high performers. Role will also be responsible for program management of key HR initiatives and creating the roadmap for success of PeopleSoft (HRIS).

- Responsible for conceptualizing and implementing the reward strategy that spans across fixed, variable pay, long term and benefits

- Creation of sales incentive plans is an essential activity that requires working with Finance and respective business heads

- Ensure robust execution and completion of the annual compensation review process

- Assess the remuneration structure to ensure sharper business alignment by strengthening the variable pay components linked to key business objectives

- Evaluate the option of a long term retention plan for key talent

- Benchmark salaries (Fixed and variable) to ensure alignment with company stated objectives and appropriate action as required

Strengthening the performance management framework

- Evaluate the performance management framework and provide suggestions on enhancing the effectiveness

- Initiate & deploy the performance management process

- Monitor implementation as per agreed timelines across departments

- Monitor availability of goal sheets; Facilitate moderation

- Resolve issues that may arise in implementation; provide appropriate training on PMS to new entrants

- Drive & monitor promotion process

- Ensure timely and smooth implementation of the PMS process as per set guidelines

- Create an effective people cost and manpower plan linked to the strategy, budgets and objectives of the organization.

- Sharper monitoring and controlling through monthly analysis on HR Cost / Manpower Numbers - Plan vs Actual in coordination with Finance.

- Share dashboards/analysis with appropriate audience regularly

- Create and execute the roadmap for success of PeopleSoft

- Implement a robust governance model to track all key initiatives and projects

- Ensure adherence to all timelines and budgets

- Identify key measurement aspects driving HR success, both lead and lag measures

- Create a complete suite of HR dashboards

- Share dashboards and key outcomes with business leaders and HR business partners

- Activate market network to access trends and information in the people area

- Continually benchmark practices with market and assess for gaps to be addressed

- Research & identify new initiatives for HR Policy / Process improvements

- Develop a plan for implementation of new initiatives, with budgets, timelines & resource requirements.

Pooja Saxena
Principal Consultant

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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