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07/10 Neha Garg
Assistant Manager at M3M India

Views:619 Applications:111 Rec. Actions:Recruiter Actions:61

M3M India - Leader - Compensation & Benefits - Centre Of Excellence (7-11 yrs)

Gurgaon/Gurugram Job Code: 988898

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.

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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