Manager/Senior Manager - Compensation & Benefits - BFSI

We have job requirement with one of our Client i.e. one of the BFSI.

They are looking for Manager & Sr. Manager - Compensation & Benefits - gurgaon location

Job description:

- Support the Rewards Leader in implementation of the total rewards philosophy to align with the overall people strategy as well as business strategy of the organization

- Be custodian of all HR Policies and support Rewards Leader for any changes in the interest of aligning them with business and HR strategy

- Implement total rewards policies by partnering with senior from business and HR leaders on total rewards strategy

- Administer all aspects of deferred compensation programs, including generating communications and personals statements, producing reward statements, and serving as a point of contact for all executive inquiries

- Ensure and direct the department in resolving salary and other reimbursement related queries / concerns of employees on an ongoing basis

- Participate in third party compensation-related market compensation and benefit surveys, and with discretion, compare and analyse results to assess market competitiveness for the company's pay structures

- Recommend changes in the total rewards strategy to the Rewards Leader based on executive satisfaction survey results, turnover data, and exit interview feedback in conjunction with external market trends

- Develop and administer the design policy for increments and promotions based on business and HR strategy and market insights

- Design variable pay (VIC) policy / bonus based on business and HR strategy

- Provide inputs on salary fitment, joining bonus guidelines and campus hiring

- Execute the process of creation of job grades

- Assist and own the transition of C&B processes and implement new reforms for best practice implementation

- Participate in functional audits (C&B linked), create action plans and champion processes

- Drive and manage educational initiatives on executive total rewards policies, programs, and implications across the enterprise

- Create and drive all C&B related communication programs and related campaigns to build a culture of self service and awareness amongst employees

ONLY MALE CANDIDATES CAN APPLY