Lead - Compensation & Benefits - US Manufacturing Firm

US Manufacturing MNC is hiring for Compensation & Benefit Lead- C&B - Mohali Location

Location : Mohali

Exp : 7-12 yrs

Key Responsibilities:

- The role of the Compensation Lead is to provide cross-divisional Compensation solutions and services to HR customers within Bunge- primarily to the HRBPs and Managers in countries - against an agreed Service Level Agreement.

Customer Focus and Quality Improvement are integral to this role. The role is accountable for delivering following Compensation Services:

1. Job & Position Evaluation

2. Annual Benchmarking & Salary Range Development

3. Annual Compensation Review Cycle

4. Job Offer support

Strategic:

- Help with conducting assessments of processes to investigate and define solutions that deliver business value and drive continuous improvement

- Support / participate budget planning discussions and SLA process

- Maintain documentation (work instructions) and plan updates as required

- Propose enhancements / modifications / continuous improvement, handle change requests, perform, knowledge management using appropriate tools

- Perform quality job evaluations within agreed timelines (including maintenance of the current job evaluation system) and act as a subject matter expert for all related topics to HRBP / In-Country cross divisional Compensation Experts

- Ensure job evaluation is performed according to Bunge principles/guidelines and process for assigned client group,

- Ensure stakeholder management

- Ensure consistency of role calibration across defined assigned area

- Perform regular audits of new role evaluations within region

- Seek support on complex cases from Senior Compensation Expert

- Together with Senior Compensation Experts and external vendor, support the annual compensation benchmarking activities and maintenance of salary ranges.

- Participate in survey provider matching meetings where feasible

- Manage survey vendor to ensure data submission to external surveys happens in line with Bunge values, quality standards and contractual obligations

- Ensure compliance with legal framework, Bunge HR practices and guidelines, SOX requirements, data protection, etc. and support training interventions to HR & Line clients where needed.

People & Organization:

- Interact mainly with Senior Compensation Experts, HRBPs, Line Managers and In-Country Cross Divisional Compensation Experts

- Support supervisors in data analysis and evaluation Monitoring & Control

- Deliver services against an agreed Service Level Agreement

- Consistently error-free reporting and data analysis in timely manner

- Timely and accurate completion of HR processes in scope

- Ensure and monitor Customer/User satisfaction, and implement improvement goals e.g. for processes HR KPIs

Design and Deployment of various Compensation Programs:

- Experience in deploying Annual compensation review cycle, Bi-annual variable payout cycle, Promotions/Progression and Role change exercises.

- Establishing pay for performance culture by designing and implementing compensation plans and policies in line with business context, group guidelines and market trends.

- Responsible for Annual Increments & Bonus calculations and pay-outs - including identifying employees eligible for increments & bonus based on the guidelines set and analyzing budget verses Actual Pay-out.

- Act as an SME on Compensation & Benefits for all key stakeholders

- Compensation and benefits due diligence and transition during mergers & acquisitions.

- Providing compensation fitments and offer recommendation

- Establish best practices in the area of C&B, rewards and wellness in line with market and country standards

- Continuously work on optimizing benefits cost and enhancing service levels.

- Act as SME for job evaluation for role changes and resultant revisions in employee benefits

- Work closely with Shared Service HR lead to design and deliver retention plan/schemes

- Work on executive compensation plans and propose solutions

- Employee Communication: Ensuring timely closure on release of individual employee communication/letters with respect to each of the above-mentioned programs.

- Budgeting: Have extensively worked on building various increment models and budget models for various compensation programs including the recent org-wide variability restructuring exercise.

- Lead and manage budgeting exercise for Salary Review process

- Policy Formulation: Revisiting old policies and revising the same as per the changing business needs and feedback.

- Analytics/Metrics/Reporting: Collating various data related to HR processes and programs by coordinating with stakeholders.

- Analyze this data and prepare various status reports/dashboards.

- Audits & Compliance: Tracking compliance for respective processes and programs, flag off any deviations and propose recommendations to address gaps.

Benchmarking:

- Salary Benchmarking across industry for mapping job roles and designing pay ranges

- Analyse Market Data from Compensation & Benchmarking Surveys and recommendations on Compensation Structure, Salary, and Internal Parity Vs Market Competitiveness.

- Conduct reviews of current base salary levels and propose salary changes based on job analysis, internal salary data and external market data

- Compensation Surveys - Participation in Compensation Surveys (US, Europe and Asia)

- To lead the Compensation Surveys and interpret its results

- Liaison with the consultant for job matching and position mapping

- ESOPs: Design, execution and communication of Employee Stock Option Plans

Knowledge and Experience:

Essential:

- A post graduate qualification in HR with an experience of 5-8 years in Global HR Shared Service role

- 3 years of experience in Compensation and Benefits- specifically Benchmarking, Job Evaluation, Compensation Reviews, Offer Support

- Demonstrates a systematic work approach, shows attention to detail and excellent analytical skills

- Provides clear and consistent information, uses appropriate approach when interacting with different customer groups, attends to messages from others, correctly interprets them and responds appropriately

- Continually re-assesses priorities and allocates time accordingly, understands and complies with deadlines

- Anticipates, listens and responds appropriately to client's requests ensuring a high quality of the service pro-actively delivered

- Demonstrates sensitivity in dealing with confidential, personal data

- Cooperates and collaborates easily with colleagues inside HR as well as with colleagues in internal & external service groups

- Performs effectively under pressure

- Able to adjust communication and own behavior when dealing with people from different backgrounds and cultures

- Should be flexible to work in different time zones

- Ability to work in a dynamic and fast-growing team - high-learning agility

Distinct:

- Should have handled different geographies in terms of various C&B solutions

- Knowledge of Success Factor and SAP HR will be an added advantage

- Experience working in a similar Shared Services Centre setup a distinct advantage HR Ticketing and tool experience

Contact : 6266506620

Also happy to receive references from you