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23/12 Premnath
Group Business Unit Manager at GlobalHunt

Views:4186 Applications:47 Rec. Actions:Recruiter Actions:7

General Manager - Compensation & Benefits - BFSI (12-20 yrs)

Kerala Job Code: 406395

Responsibilities :

- Define a fair, equitable and competitive total compensation 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 non-financial 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

- Building awareness on total Reward- in the organization.

Market Intelligence :

- Staying abreast with the industry trends and review the current policies and programs to ensure market competitiveness.

- Competitive Studies in markets

- Manage compensation and benefits surveys through external agencies to benchmark salaries. Design and development of global pay review guidelines to enable competitive positioning of compensation levels vis-a-vis industry.

- Define guidelines/ principles within company for all C and B programs, Effective communication of compensation philosophy, strategy and guidelines to stakeholders and business partners. Formulate strategy and propose outlay for making market correction and merit increase.

- Drive Annual and Mid-Year Reviews

- End to end lifecycle management of the expatriates (LTA / STA / Expat / Local)

- Finalize Commission pay plans

- Pay Structure maintenance

- Work on Policies and Employment Contracts

Desired Profile : 13+ years of experience in Compensation & Benefits from reputed organization.

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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