Manager - Compensation & Benefit - FMCG/FMCD - IIM/TISS/XLRI/SCMHRD

Compensation & Benefit Manager- MBA- Premium Institute Only-Mumbai

Looking for candidates from Premium Institutes Only

- Implement market benchmarking for compensation; define standards of output expected (including comparator basket, defining standards and heads of comparison) and communicate the same to compensation consultants.

- Analyse competitive market data and develop recommendations for updates to job architecture, salary structures and bonus targets as appropriate; propose salary increase budgets.

- Evaluate the effectiveness of current compensation programs; Ensure that the organisation maintains equity internally, and is externally competitive with wages and salaries.

- Ensure the implementation of variable pay programs - establish pay performance linkage.

- Execute the compensation review cycles for the Business Unit as per Group guidelines and calendar.

- Implement and administer various Compensation programs including short term and long term incentive plans

- Support in policy reviews and

- Address queries / grievances related to compensation, incentives and policy interpretations among employees in the Business and Units.