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21/04 Heera Chandel Rath
Founder and Managing Director at Hire and Staffing Solutions

Views:1147 Applications:152 Rec. Actions:Recruiter Actions:65

Manager - Compensation & Benefits - IT (12-16 yrs)

Bangalore Job Code: 917041

Roles and Responsibilities:

- Overall planning of compensation - Budgeting/ forecasting, ensuring inputs to relevant teams to build rate cards

- Support in design and implementation of the function specific compensation programs and activities in line with the Total Rewards philosophy with regards to internal equity and external market competitiveness.

- Manage the market benchmarking process, validate market information and help develop positioning and compensation ranges as per the desired competitiveness.

- Engage with business to provide advisory from a total Rewards perspective and act as a strategic partner with the Business and business units as necessary.

- Cultivate a thorough understanding of the various reward related business requirements through an understanding of the business and their operating model

- Manage the compensation annual revision process along with Business Advisors & businesses.

- Drive analytics to provide insights to business leadership on the internal/external trends and movements in compensation.

- Partner with Talent Acquisition team on offer development wherever applicable, create ranges, systems and processes for assisting them in hiring competitively from lateral markets.

- Manage the tools and processes used/followed to carry out the various reward programs and annual compensation exercise.

- Designs and develops training, education and communication materials for the implementation of global/ local compensation programs.

- Drives resolution of compensation issues, and independently makes recommendation for optimal solution in situations where issue is complex.

- Manages customer relationships with contacts from human resources, finance and the business, and builds new relationships outside team where appropriate.

- Serves as an SME and advisor to HR and recruitment teams as needed in all aspects of compensation design, planning and administration processes, and counseling on customization of programs at a local level.

- Provides input to capital budgeting for area and ensures that team adheres to budget.

Skills and Experience :

- Experience as a Compensation and Benefits Manager or similar role

- Hands-on experience with HRIS or payroll software

- Knowledge of building compensation packages and bonus programs for various departments and seniority levels

- Excellent understanding of job evaluation and job analysis systems

- Good analytical skills

- Familiarity with labor legislation

- Experience with employee satisfaction surveys

- MBA in Human Resources Management, Organizational Psychology, Finance or relevant field

Women-friendly workplace:

Maternity and Paternity Benefits

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