Manager - Compensation & Benefits - BFSI

Company: BFSI

Role: Manager - Compensation & Benefits

Location: Mumbai

Requirements: MBA HR from Tier 1/2 institute with 2-5 years of experience. Relevant C&B experience would be an added advantage

Key responsibilities will include:

- Market Research on existing practices and changes incorporated in the industry as well as other sectors

- Compensation Strategy formulation

- Compensation Surveys and Benchmark Exercise

- Salary & Grade Fitments standard matrix design and individual fitments at senior levels

- Periodically reviewing & revising benefits plans from a compensation / cost perspective

- Compensation Harmonisation & Grade Integration (Mergers & Acquisitions)

- Manpower Cost Budgeting

- Promotion, Increment & Bonus Costing

- Formulating Employee Stock Option Plans

- Overseas Compensation Formulate policy for each country/region and oversee the policy implementation

- Compensation & Benefits Consultation for group companies

- Reporting compensation data to the Board of directors and regulators

- Handling employee queries on compensation and benefits

Skills Required :

- Functional knowledge of Compensation and benefits design and administration

- Good communication skills & ability to engage effectively with stakeholders across levels