M3M India - Leader - Compensation & Benefits - Centre Of Excellence

Only candidates with pedigree of IIMs, XLRI, Symbiosis, TISS, MDI, NMIMS, IMT, GIM, JBIMS, DSE, TAPMI who can join immediately should apply

Compensation & Benefits :

- Design a robust compensation and benefits framework keeping in mind existing work structures, external market and legal compliance with overseeing the payroll of the organization

- Conduct periodic review of the compensation and benefits structure

- Conduct periodic compensation benchmarking with peer group

- Modify compensation & benefit structures for employees in line with external benchmarks and company strategy in consultation with MD and HR head

- Manage and maintain employee cost (salary & benefits) within budgeted levels

- Design compensation ranges for all levels

Performance Management System:

- Develop robust performance management system and rewards system

- Benchmark best in class processes and systems periodically to identify areas of improvement

- Develop a system for identification of high potential employees in the company

- Create a performance-oriented culture by ensuring clarity of individual accountability and establishment of key performance indicators

- Periodically review all processes and policies related to performance management system

- Resolve grievances and queries related to PMS and appraisals

- Monitor, review and provide support for completion of annual appraisal process timely and as per guidelines (at business unit.)

- Organize and facilitate normalization discussion (at an organizational level) after receiving appraisal ratings from business units/corporate and finalize the final ratings and increments.

HR Policies:

- Develop best in class HR policies for M3M India in consultation with HR head like travel policy, Medi-claim, overtime policy, leave policy, other benefits, etc.

Communication & Best Practices:

- Conduct best practice knowledge sharing sessions on relevant area

- Collaborate with internal communication & T&D team to prepare communication decks and training modules to facilitate implementation at the business unit level.

Audit & Analysis:

- Develop, improve and implement PMS/compensation/HR policy process implementation audit to gauge compliance level at business unit and corporate level.

- Prepare and report compliance scorecard business unit/location wise and do action planning for improvement in conformance.

- Conduct trend and other forms analysis on PMS/Compensation HR policy data to identify improvement areas and scope for change in policies.