Head/VP - Rewards - C&B - BFSI

The incumbent of this position will be responsible for maintaining a market-competitive compensation and performance management structure, critical projects, HRIS, Analytics for the organization. The incumbent will lead and manage a team of professionals in planning, designing, development and execution of strategic compensation and benefits program.

Key Responsibility Areas:

The person would be responsible for:

- Strategy development and implementation of compensation, benefits, and executive compensation for the organization

- He/She would be accountable for entire C&B strategy and roll out of compensation across all levels of management

- Partnering with senior leaders to customize innovative compensation/benefit strategies that drive growth, attract/retain talent, optimize the workforce and drive productivity

- Initiating ESOP's plan in organization

- Responsible to develop and implement the total rewards program across all levels / functions

- Compensation benchmarking Surveys: Project managing end to end execution of all compensation benchmarking exercise and design pay ranges for all employees across management levels

- Annual Salary review cycle: Driving the annual salary review process across operational geographies through Compensation & Benchmarking systems

- Employee Benefits and HR Policies: Responsible for end to end management and design of all employee related benefits and policies

- Designing the Performance Management roadmap in-line with organization strategy

- Leading and reviewing designs for various Talent Management projects

- Implementing PMS Cycle through collaboration with the Leadership Team

- Driving the business re-engineering process with respect to C&B to achieve optimum operational efficiency

- Sensitization of Compensation Philosophy to existing, new joinees and HR partners

- Preparing and presenting information to the Board of Directors (Compensation Committee) that provides insights on Compensation & Benefits strategies and recommends changes

- Work with the independent consultant/s for the Compensation Committee along with the HR Head and CEO to annually evaluate the competitive market for senior management

- Evaluating the effectiveness of existing policies, guidelines, architecture and procedures

- Recommending plan revisions as well as formulate new plans which are cost effective and consistent with market trends, best practices and corporate objectives

Candidate Profile :

- 10 - 15 years of relevant experience post Master's Degree, of which at least 5-6 years should have been handling C&B and PMS as a function

- Experience of benefits strategy, ESOP- s, sales incentive plan design, and executive compensation required