Max Life Insurance - HR Manager - Compensation & Benefits

Job Summary:

- Responsible for leading performance management portfolio for Max Life and also support the Compensation function in specific areas including annual manpower planning / budgeting exercise.

Key Responsibilities:

Compensation:

- Implement Incentive schemes for various channels Compensation administration during increments and bonus cycle

- Primary checks on data

- Ensure timely payouts as per the process

Streamlining and managing the promotion Process:

- Work closely with patch owners & business HR to streamline the process

- Roll out the new process & measure the effectiveness

Responsible for Compensation Town Hall Presentation

Performance Management:

Facilitate goal setting process for all levels:

- Finalise goal sheet templates for all positions & channels

- Timely uploading of templates on the system

- Implement Performance Management Plan for the organisation:

- Analysis of PMS data through prescribed sanity check

- Resolution of employee queries from all patches

- Coordinate with IT to ensure smooth functioning of system

- Revisit goal sheet templates to ensure alignment with business.

Senior Leadership Team:

- Responsible for projects related to Senior Leadership Team such as : MDRs/Developments Plans/ Performance Management/ Bonus Letters / 360 degree Feedback.

Cost Management:

- In partnership with Finance prepare monthly dashboard

- Track key projects aligned with cost savings areas identified

- Share MIS / dashboard with HRLT and business HR

- Summary dashboards for key business heads

Annual manpower planning:

- Partner with business HR to create the annual budget including manpower requirement and associated costs

- Provide regular dashboards to track plan vs actual

- Measures of Success

- Timeliness of process steps and completion

- Accuracy of data and analytics

- Feedback from stakeholders

Cost- budget vs actual

Cost - monthly dashboards