jobseeker Logo
Now Apply on the Go!
Download iimjobs Jobseeker App and get a seamless experience for your job-hunting
30/11 Ruchi
Deputy Manager at Mahindra FInance

Views:741 Applications:181 Rec. Actions:Recruiter Actions:0

Mahindra Finance - Chief Manager - Compensations & Benefits (5-8 yrs)

Mumbai Job Code: 1344236

1. Job Purpose Statement (Summarise in one/two statements why this job exists and the contribution makes to the overall business of the company).

- Designing, Implementing, Controlling and Monitoring Compensation Policy & Total Rewards Framework

- Preparation of compensation budgets

- Compensation benchmarking for India & overseas markets

- Creation & Implementation of Incentive/ Bonus/ Performance Pay Plans within the Statutory Framework

- Sound understanding of statutory regulation related to compensation

Duties & Responsibilities (List in the order of importance the duties & responsibilities of this job)

Compensation and Benefits

- Responsible for compensation & benefits benchmarking for Indian & overseas markets

- Preparation & monitoring of compensation budgets

- Preparation of various compensation stimulations

- Responsible for implementation of ESOP scheme.

- Understanding of statutory framework wrt LWF, PF, ESIC, Min wages etc

- Responsible for successful implementation of Total reward framework.

- Responsible for creation of compensation structures & aligning employees with the grid.

- Responsible to ensure and provide necessary data monthly, including new hires, salary change etc for payroll process (including pre- payroll) in a timely manner.

Relevant Compensation experience of at least 7 - 8 yrs

Full time MBA

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

Add a note
Something suspicious? Report this job posting.