Mahindra Finance - Chief Manager - Compensations & Benefits

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