07/09 Preeti T
Principal Consultant at Executive Partners

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Head/VP - Rewards - C&B - BFSI (10-16 yrs)

Mumbai Job Code: 612477

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

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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