Lead - Compensation & Benefits - BFS

Lead and Compensation & Benefits

Driving Performance Management Process : Effectively manage the PMS in its most critical stages of framing performance parameters, compensation and benefits levels and compensation reviews.

Compensation Strategy & Benchmark : Managing the development and implementation of compensation including all aspects of basic pay, incentives (both annual and long term), and equity awards Employee Benefits: Custodian for all employee benefit programs like insurance and health schemes, make necessary recommendations and improvements

Sales Incentive Plans : Benchmarking of sales incentive plans for various distribution channels within the organization and across the industry, Design and rollout attractive role specific and channel specific incentive programs, Assessing the effectiveness of existing sales incentive plans structure, Programs and future organization needs

Job Banding & Evaluation : Updating of all job descriptions, Performing Job Evaluation exercise for the new roles and promotion cases, Ensure timely submission of complete documentation and data points for the various Job Evaluation Committees

Manpower Planning & HR Strategy : Collaborating with function Heads on gathering manpower requirements in line with evolving business imperatives, Preparing Smart workforce planning basis on the key business drivers, Budgeting the manpower requirements and fitment into the head cost provisioned

HR Compliance : Responsible for all statutory compliances of PF,ESIC, Gratuity & PT through coordination with branches, HR Ops & Vendors, Specific interventions on the notices received from various authorities