Lead - Compensation & Benefits - Mfg/Auto/Mining/Power/Oil & Gas

Job Profile:

- Assist in the development and implementation of compensation goals, objectives, policies and procedures; analyze and recommend strategies to improve effectiveness of compensation administration

- Administer compensation programs in accord with global and local sources

- Research and stay abreast of all applicable state and global laws and regulations as related to compensation.

- Perform detailed salary analysis for all internal compensation actions, external hires, and for various requests from management.

- Establish and implement equitable compensation practices across the organization for all employees

- Update and maintain current salary schedules, conduct market analysis of pay grades and ranges

- Research, compile and analyze market data

- Participate in salary surveys, Create and maintain salary supplement procedures; ensure compliance with salary supplement processes; provide guidance on organisation polices regarding use of salary supplements.

- Educate HRBPs on compensation practices and proper use of the established pay ranges for rewards and ESOPs

- Submit personnel action forms requiring compensation-only changes or updates for payroll and HR

- Manage job description creation process, procedures, and approvals; including adherence to Organisation regulations.

- Plan, develop, coordinate and present training sessions related to employee compensation

- Recommend revisions to human resources policies, procedures, and forms; assist in the development of standard operating procedures for the position

- Assist in researching, planning and implementing employee performance pay programs

Desired Skills and Experience:

- 7-9 years relevant experience in Compensation

- Knowledge of principles, methods, and techniques of human resources administration related to the area of compensation

- Ability to interpret, explain, and apply applicable laws and regulations to internal policies and procedures

- Knowledge of principles and practices of program development, administration, evaluation, and compensation

- Ability to prepare clear, concise, and complete analysis, proposals, reports and other written materials,

- Ability to develop and coordinate effective compensation programs and procedures

Education Qualification : Full time MBA from a reputed Institute, BE preferred