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14/08 Juie Bedekar
Senior Manager - Human Resources at Glenmark Pharmaceuticals Ltd

Views:2536 Applications:255 Rec. Actions:Recruiter Actions:178

Glenmark Pharma - Senior Manager - Compensation & Benefits (7-10 yrs)

Mumbai Job Code: 732229

Role : India Compensation Lead

The roleholder is expected to drive effectiveness in ensuring a standardized approach to compensation across India including pay structures, contracts, hiring ranges. This role will also be responsible for researching, establishing, and designing & maintaining the pay system as per the Company philosophy. The role holder should have prior exposure to salary bench-marking surveys and leading annual increment / bonus payouts. The role holder will also be responsible for annual manpower budgeting process including automation, predictive manpower analytics and manpower long range plans.

Key Responsibilities

1. C&B Programs :

- End to end management of Compensation programs for India.

- To handle salary revision and bonus process including guidance with respect to budget allocation, employee eligibility and coverage.

- Review and implement changes in Compensation structure in the preview of changes taking place in Labour laws and other regulations and best practices followed in the market.

- To analyse compensation data in light of market benchmarks and advice senior management on budgetary decisions

- Design compensation structures that are compliant and tax effective.

- Manage and coordinate with all stakeholders : Generalist teams, Specialist teams, HR Service Delivery and Business Support to enable the delivery

- Develop effective communication channels for C&B programs

2. Manpower Budgeting

- Support business units for India manpower cost budgeting process.

- Proposing system enhancement basis stakeholders feedback.

3. Projects

- Partner with business units in specific intervention aligned to business requirements

- As an SME, introduce best in class best compensation management practices

4. Compensation Analytics and Reports

- Data Integrity of employee database in HR Systems.

- Design best in class compensation analytics to drive data backed decisions

Women-friendly workplace:

Maternity and Paternity Benefits

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