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17/06 Soumitra Banerjee
Senior Manager at TrustKlub Consulting Pvt. Ltd.

Views:311 Applications:84 Rec. Actions:Recruiter Actions:12

Lead Compensation & Benefits - Food Services & Facilities Management Firm (9-18 yrs)

Mumbai Job Code: 1112352

At present, We are having an urgent opening for HEAD - COMPENSATION & BENEFITS for a REPUTED Co into food services and facilities management based at MUMBAI location.

DEPARTMENT : Human Resources

POSITION : Head - Compensation and Benefits

IMMEDIATE MANAGER (N+1) : Vice President, HR


To provide expertise and make recommendations on compensation and benefits policies, programs, and plans to attract and retain talent for the company.

DIMENSIONS - Point out the main figures / indicators to give some insight on the "volumes" managed by the position and/or the activity of the Department


- Retaining the employee within the current compensation range

- Carry out annual performance appraisal process

- On time Annual Increment cycle process

- Ensures processing of performance Linked Incentive accurately and timely.

- Ensuring that HR data for all audits (Statutory , group, ISO, Internal Control) is given on time and are accurate. Resolve all audit queries,

- Timely renewal of Leave encashment and gratuity policies

- Timely processing of claims for Leave encashment and gratuity policies.

- Providing data for actuarial valuation for leave encashment and gratuity.

- Formulating and implementing benefits policies in aligned to the market, within the regulation

- Ensuring compliances under various statutory laws for all offices.

- Seamless and error free processing of payroll (Onroll and Offroll)

- Support in formulating annual HR Budget

- Effective implementation of various HR Projects within the organization

- Carry out other activities as and when related to the compensation, benefits and statutory compliances.


Strategic Priorities:

- Plan and design the company's rewards philosophy

- Analyse and evaluate external market data, develop salary budgets and forecasts that are consistent with the Organisation strategy.

- Implement rewards and benefits policy and evaluate effectiveness of the programs

- Lead and Implement Job Evaluation for the organization.

Implement and Manage:

- Initiate participation in Compensation Benchmarking and Benefits surveys.

- Lead the annual pay review and bonus disbursement process as per the annual budgets.

- Ensure compensation data accuracy across HRIS Platforms.

- Manage Executive compensation, Expatriate Compensation, salary structuring, retire-ment plans, salary administration and incentives

- Manage HR Operations like HR Analytics, Exit Management & HR Dashboards.

Adherence to Statutory Compliance:

- Ensure compliance of benefits policy with local regulatory reporting requirements.

- Ensure Statutory Compliances for the organization.

Other Key Responsibilities:

- Select, and manage ongoing relationships with, external consultants and suppliers (e.g., insurance carriers, benefit providers)

- Planning and execution of a special project given by the management


- Seamless and error free payroll processing

- Compensation structure and Benefit policies which are statutory compliant and tax friendly to employees


- Full time MBA/PGDBM in HR

- Certified in / Prior experience in implementing Hays Job Evaluation

- Excellent verbal and written communication skills

- Strong analytical and presentation skills

- An eye for detail and ability to handle multiple assignments

- In-Depth Knowledge on Compensation and Benefits practices and regulatory & statutary requirements

- Result orientation

- Ownership and Accountability

- Strong knowledge and understanding of HR C&B practices,

- Should be abreast with latest HR trends, best industry practices etc.

- Should consider HR as a Strategic partner, have a positive attitude and have a keen interest to bring in positive changes

- Leveraging the HR function by process improvement, new initiatives

- Excellent at Stake holder management - Senior Management, external and internal

- Should have good Project Management skills

- Excellent communication, presentation & interpersonal skills.

- Should be a good team player

- High personal integrity

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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