Lead - Compensation & Benefits - NBFC

Key Responsibilities:

- Lead the organization's Compensation & Benefits function, ensuring competitive and equitable reward practices.

Manage annual compensation cycles including

- LTI, Stock Options

- NRC

- Salary revisions,

- Promotions,

- Bonus payouts,

- Sales Incentive

- Compensation budgeting.

- Design and administer variable pay, incentive plans, benefits, and other employee reward programs.

- Drive the end-to-end Performance Management System (PMS), including goal setting, appraisal cycles, and performance normalization.

- Facilitate NRC (Normalization, Rationalization & Calibration) discussions to ensure consistency and fairness in performance ratings.

- Conduct compensation benchmarking and support job evaluation and grading initiatives.

- Partner with Business HR and leadership on compensation-related decisions, policy implementation, and reward strategies.

- Ensure compliance with compensation policies, payroll governance, and audit requirements.

- Drive continuous improvement and digitization of Compensation & Benefits and PMS processes through HRIS platforms.

Preferred Experience:

- 8-12 years of experience in Compensation & Benefits or Total Rewards.

- Strong experience in Compensation & Benefits, PMS, NRC, incentive design, salary benchmarking, and HR policy implementation.