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03/02 Swarna Singh
Director at The Hub of Elevation

Views:516 Applications:96 Rec. Actions:Recruiter Actions:11

General Manager/AVP - Compensation/Benefits & HR Operations - BFS (7-10 yrs)

Gurgaon/Gurugram Job Code: 1043322

GM/AVP - Compensation, Benefits & HR Operations


Responsible for managing HR function's Compensation & Benefits, Performance Management, MIS & Budgeting. This includes communicating, implementing and improving the processes of performance management, compensation & benefits management. Introduce reward & recognition schemes with the objective of enabling business performance by creating a performance-oriented culture, ensuring a competitive compensation for high performers.

Compensation structuring & benchmarking :

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

- Shareholder management including board committees for driving C&B interventions & policy changes

- Analyze & evaluate internal data, market data & compensation surveys

- Effectively align the Compensation structure in the organisation as per change in the Statutory norms

- Design and implement a band wise pay range for all departments with the help of market data and internal parity.

- Design new Variable pay plan as per company's restructuring and change in compensation philosophy

MIS Dashboard and HR Analytics :

- Publish HR dashboards/ reports of commonly watched numbers, metrics such as attrition data, budgeted vs. actual manpower, cost analysis on manpower, loading cost, Avg employee rate, etc. on weekly/ monthly basis

- Variable Pay design (short term, long term)

Benefits Management :

- Manage the development and maintenance of competitive and cost-effective benefit plans and programs

- Ensure that all benefits and compensation operations, plans, procedures and programs are in compliance with all local, state laws and regulations

Performance Management :

- Deployment of the goal setting process for the organization. Ensuring right cascading of management goals to function, leadership and team level goals

- Making continuous updates (as required) to role level goals / metrics & templates to enhance efficiency and effectiveness of the metric

- Anchoring the annual appraisal process

- Ensuring system, data, stakeholder readiness for completion of the process

Budgeting :

- Creating an effective HR 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

HR Process Improvement :

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

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

HR Operations Centre

- Lead the human resource operations center responsible for all aspects of HR administration ranging from on boarding, file management, background verification, insurance management, compliance.

- Ensure the HR Operations centre executes on its strategic projects and service levels are met and/or exceeded and all operation metrics are trending in the right direction.

Audit & Compliance Management :

- Responsible to ensure adherence to statutory compliances

- Implementation of ERM framework to ensure risk & control assessment & mitigation

Payroll Management :

- Responsible to oversee the payroll process of the organization & the payroll related compliances

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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