Manager - Compensation & Benefits - Auto/Manufacturing

Position : Manager - Compensation and Benefits

Location : Mumbai

Organization : Large Conglomerate

Key Responsibilities :

- Salary Benchmarking, Annual Compensation Review, Incentive Plans, Deferred Compensation Plans

- Being Part of BCOE (Business Centre of Excellence) team

- Processing Annual and Mid-Year Compensation review cycles.

- End to end execution of compensation review cycles from salary benchmarking, Increment budgeting, compensation restructuring to roll out increment letters.

- Annual Incentive Plan : Designing the variable pay plan and determining the pay-outs

- Benefits Policies : Evaluating existing policies, Designing new benefits policies.

- Long Term Incentive Plans : Execution of LTIP for leadership team

- Planning, designing and implementing company's rewards strategy and policy

- Recognition : Designing and executing recognition schemes for employees

- Leadership Compensation Design : Creating Compensation offers for senior management hiring

- Business Centre of Excellence (BCOE) responsibilities

- Participating in compensation benchmarking surveys

- Annual compensation and benefits budgeting

- Managing LTIPs, incentive programs, fitment in team and against peers, monetary & non-monetary benefits, etc.

- Execute annual and mid - year compensation review cycles.

- Supporting the Head Compensation and Benefits and HR leadership team in identifying business/people challenges and use data analysis to help identify and influence changes.