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HR

HR at Michael Page

Last Login: 18 June 2024

Job Views:  
234
Applications:  104
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HR & IR

Job Code

1414019

Manager - Total Rewards - Pharma

4 - 8 Years.Mumbai
Posted 1 month ago
Posted 1 month ago

Industry - Pharma / Biotech / Clinical Research


Category - HR

Skills - #HR #Performance #TotalRewards

Job Type - Permanent

Job Description :


- Support total rewards community of excellence for our client, a leading Indian MNC Pharma organization as they grow



- Organically and inorganically to ensure superlative employees experience


Client Details : A Leading Indian MNC Pharma organization based in Mumbai

Description :

1. Compensation & Benefits:

- Design, develop & implement Global Rewards solutions for all businesses.

- Ensure Competitiveness of Reward Programmes , design the reward philosophy and keep it contemporary. Ensure comprehensive compensation benchmarking and alignment of compensation structures.



- Undertake benefits and best practices in rewards benchmarking in India and other countries like US, Canada, UK and European Markets.



- Design innovative rewards programmes to enhance the EVP and instill a performance culture.



- Revamping Recognition Programme . Sales incentive redesign, retention Plan for top performers and critical talent, etc



- Liaise with external agencies to conduct market assessments/ benchmarking and compensation consulting in line with business needs.



- Responsible for proposing and executing change with respect to C&B policies and guidelines


2. Performance Management:

- Reviewing and redesigning the Performance Management process in alignment with best industry practices and driving Performance Driven culture in alignment to our vision.

- Responsible for managing the KRA setting process, mid year review and year end annual review cycle as process custodian, working closely with Business HR to ensure that process standardization and timeline adherence is achieved.



- Publish the Goals & STI Setting Calendar, Facilitate Quality Audit of Goals & STIs Sheets within timelines



- Planning and implementing Corporate Training Calendar with respect to PMS implementation and guidelines. And the requisite cascades/ communication is as per plan



- Process Champion for the Online Performance Appraisal process of the organization. Responsibilities include inducting employees on the appraisal process, developing an online system, assisting managers with implementation of the process, conducting calibration meetings with HOD's and handling employee's queries and anxieties



- Creating Competency framework and responsible for job analysis/ evaluation as and when required for new positions/ promotions/ ungraded roles etc.



- Job Analysis Workshops; Evaluation of jobs using Mercers methodology.



- Partner with Business Hr and Business Heads for initial diagnosis assessment existing. Organization Structure & grades; Analysis of job roles (Job Analysis), design new or modify existing structures/ grades to align with business needs. Identification of critical resources.


Profile :

- Graduate/MBA (Tier 1 institute)

- Minimum 4 years of experience in Compensation & Benefits



- Experience in job analysis/evaluation, market benchmarking, C&B policies, year end annual review

cycle etc.



- Exposure to managing senior level compensation (possibly with some understanding of stock option plans), regulatory issues etc.



- Exposure to comp interventions like retention, guarantees, buy back etc. is desirable but not

essentials.

- Experience in Global Mobility & Compensation preferred


Job Offer :

Competitive compensation and Benefits. Also an opportunity to work with a world class pharmacutical organization, as well as be part of the C&B CoE

To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Ritu Sanghavi at +91 22 4236 3255.

Contact - Ritu Sanghavi - +91 22 6903 6564

The Apply Button will redirect you to website. Please apply there as well.

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Posted By

user_img

HR

HR at Michael Page

Last Login: 18 June 2024

Job Views:  
234
Applications:  104
Recruiter Actions:  0

Posted in

HR & IR

Job Code

1414019

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