Manager - PMS & New Initiatives - Life Insurance

We have very urgent HR position in one of REPUTED LIFE INSURANCE organizations across the following location - 

BASE LOCATION - Hyderabad

OFFERED CTC - negotiable pa + incentives ; depending upon current CTC.

POSITION - Manager PMS & new initiatives ( HR )

REPORTING - AVP HR

SPAN OF CONTROL : pan INDIA

INDICATIVE JOB PROFILE :

PURPOSE OF THE POSITION:

- Responsible for PMS and New Initiatives.

DUTIES & RESPONSIBILITIES:

Performance Management System :

- Support in Design and implement performance management system (PMS) across the organization

- Coordinate with site HR's and ensure completion of performance appraisals in time

- Identify performance parameters for all positions department-wise in-line with organization level parameters, in coordination with the department heads and communicate the same to the employees

- Initiate target setting for employees along with respective department in-charges

- Conduct midyear / quarterly appraisal in coordination with department in-charges

- Communicate revised targets to employees in coordination with department in-charges

- Prepare a timetable for completion of Performance Management cycle for the year with clear timelines and communicate the same to all the employees

- Communicate performance ratings to employees after review by the management.

- Responsible for design, review and implementation of Performance Improvement Plan (PIP)

- Provide training to employees on performance management system

- Design, review and implement variable pay for the non-sales functions

- Design and implement career development paths for various roles

- Design and implement PMS applications for easier implementation of the PMS process

- Review and improve existing performance management system

- Coordinate with consultants (IT or PMS) supporting in implementation PMS / automation related initiatives

- Analysis of inputs from appraisal forms to be shared to respective stakeholders (Training needs to L&D, etc)

- Communication of Revised Compensation to employees

- Keep track of industry trends in compensation increments and other latest changes in the compensation structure, job architecture followed in the life industry

- Analyse the cost implication of the increments and present the overall analysis (PMS demographics, existing cost, new cost, letter formats, compensation structure revision etc)

- Ensure safe storage of appraisal reports

New Initiatives / Automation:

- Design, Develop and implement HR automation in coordination with vendor

- Implement New HR initiatives

- Design and Review of HR Policies in coordination with stakeholders

KNOWLEDGE/SKILLS/ABILITIES:

- The person should be a subject matter expert in PMS.

- Good knowledge of latest HR practices.

- MBA mandatory.

Candidates who have been previously placed by TRUSTKLUB are requested to ignore. As a policy TRUSTKLUB does not intend to offer any candidate from an organisation with whom we are partners . Incase you are an unintended recipient by any means, where in both our firms are in partnership, request you not to apply to this position.

Please mention your CURRENT CTC & CURRENT LOCATION as well and your preferred location of application and reason in resume ( for candidates who want to relocate ).

TCPL