Head - Rewards Description : This role will be responsible for supporting implementation of broad range of reward practices & policies for the organisation. This role is a key subject matter expert of the Compensation and Benefits functions locally; the role provides local insights, consultation and advice to Human Resources Business Partners and the senior business leaders as required. Supervisory Responsibilities : - This position will have 3-4 people reporting. - Will have to partner closely with Business HR Team & COE functions i.e., OD & L&D, HR Services & Talent Acquisition Team Key Responsibilities : - Conceptualise, lead, and manage all compensation and benefits programs (PMS, annually salary survey, merit increase, Bonus & CXO Compensation design, Retention Program, Promotions etc.), and deeply understand business strategy and support businesses to propose, design and implement the total compensation solution to attract & retain talent in the Company. - Closely monitor the market trends, constantly improve the effectiveness of the C&B system and interact with market/businesses on the major changes and surging trend in LI space. - Review & renew our compensation plans with monetary and non-monetary benefits based including but not limited to Group Term Insurances, Vehicle policy, Mediclaim policy, Loans Policy, wellness program etc on employee needs - Acts as an SME on job evaluation, grading system etc. to provide timely support for BU - Participate & network with LI Companies in annual merit cycle including guideline, process etc. - Monitor and evaluate the company's benefits programs & HR Policies and improve the benefits programs (not limited to above) to meet the local people plan within Company's stated principles, also to optimize the people cost investment - Lead the internal HR working group to have a good alignment and achieve synergy and support the C&B project communication to foster a common understanding of the rewards policies in all businesses across levels. - Provide coaching and counselling to BHR, HR managers and business leaders in the Company. - Play an expertise role from the view of local statutory legislation in C&B policy development - Management of external HR service vendors to ensure their service delivered on time and at a qualified standard; centralize appointment of vendors to maximize cost-savings, efficiency, and improvement productivity - Support BU on C&B compliance against internal policies and government requirements - Will lead the entire PMS Process for the Company - Will lead, manage, supervise & oversee the entire Payroll function for the Company. - Responsible for creating & establishing norms for job mapping, job evaluation, Job grading, JD management for entire Company. Qualifications : - MBA, preferably in HR/Graduate in Economics/Mathematics, consulting background plus corporate HR background - 12-15 years compensation & benefits experience in Life Insurance/NBFC Banking environment - Should have exposure on Regulatory requirements especially for CEO Compensation guidelines in IRDAI - Good understanding of local law of employment, benefits, taxations, and labour market trends - Good at English fluency in both written and spoken Key Skills Required : - Knowledge of building compensation packages and bonus programs for various departments and seniority levels - Excellent understanding of job evaluation and job analysis systems - High level of maturity & Confidence to deal with sensitive information - Strong Number Orientation - Analytical thinking and decision making - Hands-on experience with Excel, HRIS or payroll software - Strong presentation skills - Capability to build trust and relationships - Capability to coach and transfer knowledge to HR team - Proficient with Microsoft Office Suite or related software. - Exposed to have direct working with CEO, CXO and at times with NRC of Board.

Gurgaon/Gurugram

Head - Rewards - BFS 

Head - Rewards - BFS  ,Job Description for Head - Rewards - BFS  in Fynehand Consultants in  Gurgaon/Gurugram for (12-15) years of experience. Apply Now!

Job Description for Head - Rewards - BFS  in Fynehand Consultants in  Gurgaon/Gurugram for (12-15) years of experience. Apply Now!