Job Purpose: To lead the Compensation and Benefits Team as a COE function for the company and ensure alignment with business objectives, Parity with competitors, promote employee understanding and ensure with statutory laws and regulations. Use analytics as a tool to get key insights for building Compensation and Benefits as a Talent strategy for attracting, retaining and rewarding talent Key Responsibilities: - Formulate policies, procedures and programs in the area of Employee Benefits and Compensation - Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to the organization strategy and business goals - Budgeting of Manpower Cost and build sustainable business measures to ensure the cost is under control - Participate in annual Salary &amp; Benefits Survey with consulting firms and analyze survey data results to ensure market competitiveness; benchmark with direct competitors for benefits comparison and advise the benefit schemes to managers / leaders for consideration - Evaluate, Design and upgrade benefits based on functional and business needs - Design Variable Pay Programs for sales and non-sales business lines within the business requirement - Oversee the communication flow within the organization with a view to ensure adherence to HR systems and procedures and collaborates with line managers - Ensure compensation and benefits standards comply with company policies and other regulations or legislation - Execution of appraisal process by ensuring completeness as per guideline and set timelines - Execute and Administer Long term Rewards - Build HR analytics as a practice to create reports and dashboards to generate key insights for the review, execution and administration of a variety of compensation policies and programs - Work closely with HR Operations to build robust processes and compliance mechanism. Also, provide support to HR Operations for Payroll &amp; Benefits administration and processing - Identify issues and areas of improvement proactively and introduce specific initiatives and implement these in the organization - Ensure compliance with Data Privacy and Protection Guideline Must Haves: - Strong knowledge &amp; analytical skill in compensation and benefits concepts - Team Management Skills - Excellent communication skills - Computer skill in Microsoft Word, Excel, and PowerPoint - Positive attitude, energetic, self-direct, well organized, details oriented

Mumbai

Head - Compensation & Benefits - NBFC - IIM/XLRI/TISS/SCMHRD 

Head - Compensation & Benefits - NBFC - IIM/XLRI/TISS/SCMHRD  ,Job Description for Head - Compensation & Benefits - NBFC - IIM/XLRI/TISS/SCMHRD  in SkillVentory in  Mumbai for (12-16) years of experience. Apply Now!

Job Description for Head - Compensation & Benefits - NBFC - IIM/XLRI/TISS/SCMHRD  in SkillVentory in  Mumbai for (12-16) years of experience. Apply Now!