Head - Performance Management/Compensation & Benefits - Manufacturing Industry

One of our leading client into Manufacturing of Food & Beverage industry looking forward for a good HR leader having experience in PMS and C&B for the role of Head PMS & compensation Benefit. This position would be based at Andheri Mumbai .reporting to Head HR

Role & responsibilities

Objective:

Calibrate and implement the performance management system across Non Sales vertical to enable a performance culture implemented through revised performance management system

Planning and Strategy:

- Understand business needs and strategy of the organisation to incorporate the same in the performance management process.

- Develop the Performance philosophy of the organisation and plan revamping or improving of the performance management system from time to time

- Recognize and monitor external marketplace trends and adjust overall PMS strategy to ensure the continued ability for talent retention and business partnering

- Spearheading the entire gamut of C&B bench marking; formulating functional strategies as well as preparing budgets/policies & procedures to support C&B infrastructure.

- Conceptualize & Implement various Rewards & Benefits programs such as Base pay, Incentive pay STI & LTI, Joining or Retention Bonus Schemes, Health and Retirement Benefits etc, that are suitable for organization.

- Participate in Compensation & Benefiting survey in India, analyses survey results and updating CEO on the trends in salary structure.

Policy and Process Design, Implementation and Review:

- Plan, design and implement new and innovative performance management processes - technology, metrics, feedback, capability building etc. for ensuring the best performance

- Lead the performance management agenda by driving Performance Management, reward program associated with the process.

- Design Annual Performance and Development Review and Rewards programs and policies, including governance and metrics design

- Project manage the performance assessment including liaising with other HR teams where necessary, ensuring all deadlines are met and activities are completed on time

- Create career paths for all unique positions from time to time, ensure that career paths are aligned to employee value proposition and industry best practice

- Prepare Proposals to Remuneration(REM) Committee upon Annual Merit Increase, Pay reviews, Market Corrections and Promotion Recommendations.

- Implement Various employee benefits programs such as Company Car, Medical, Gift Cards with all tax saving tools for tax optimization and benefit maximization.

- Plan and kick start Annual Merit Increase cycle along with the HR Operations team

- Conduct Job evaluation, Job/Role mapping, Salary Banding exercise.

- Coordination, Interface, Imparting Training to Internal and External entities:

- Act as a subject matter expert on performance management within and outside the organisation, answering employee queries on PMS. Ensure that business is kept up to date on PMS status and reviews

- Act as a subject matter expert on performance management / C&B, evaluate emerging trends, technological advancements and best practices

- Maintain Internal & External Pay Parity, Avoid outliers and maintain Rewards program's operational excellency.

- Infrastructure and Technology Investment and Management:

- Work with the implementation partner to roll out the Human Resource Management System (HRMS) for hosting the PMS

- Technical Skills and Knowledge:

- Knowledge and understanding of performance management practices and trends

- Knowledge of company's strategy, structure and practices

- Advanced understanding of the Balance Scorecard method

- Proven ability to build, sustain, and influence relationships, at all levels of an organization

- Strong project management skills

- Ability to interpret policy and procedure

- Strong conceptual, planning, and decision-making skills

- Exceptional communication and interpersonal skills with the ability to invoke change