HamburgerMenu
iimjobs
Job Views:  
433
Applications:  155
Recruiter Actions:  0

Posted in

HR & IR

Job Code

1584665

RPG Life Sciences - Manager - Compensation & Benefits

RPG Life Sciences limited.5 - 10 yrs.Mumbai
.
star-icon

3.8

grey-divider

408+ Reviews

Posted 4 months ago
Posted 4 months ago
star-icon

3.8

grey-divider

408+ Reviews

External Job Description:


1. Total Rewards Strategy & Execution:


- Partner with HR Head and Group C&B to co-develop the annual C&B strategy aligned with business priorities.


- Translate strategy into operational plans, ensuring timely execution of key initiatives across compensation, benefits, and recognition.


2. Annual Compensation Planning:


- Lead end-to-end management of the annual salary review, bonus, promotions, and long-term incentive cycles.


- Create compensation budgets and manage review processes using planning tools or HCM platforms (e.g., SuccessFactors, SAP).


3. Compensation Benchmarking:


- Liaise with the Group C&B for compensation benchmarking using market survey data from Mercer, Aon, or similar firms.


- Analyze internal vs. external competitiveness by job family and propose adjustments.


- Maintain and update salary bands, pay mix frameworks, and internal parity metrics.


4. Rewards & Recognition Programs:


- Design, implement, and evaluate enterprise-wide recognition programs including spot awards, performance awards, and non-monetary recognition.


- Build recognition frameworks tied to culture, values, and employee engagement metrics.


5. Benefits Management:


- Oversee the benefits portfolio including health insurance, retirement schemes, wellness initiatives, and flexible benefits.


- Benchmark benefit offerings against industry standards and propose changes to drive employee value.


- Ensure statutory and compliance adherence in all benefit-related policies.


6. Policy Benchmarking, Harmonization & Design:


- Lead regular benchmarking of C&B and HR policies against market practices and Group-level guidelines.


- Identify areas for harmonization across grades, business units, or geographies to ensure internal equity and policy consistency.


- Design or revise HR policies (leave, travel, incentives, variable pay, etc.) to align with business needs, compliance standards, and employee expectations.


- Collaborate with legal and audit teams to ensure governance, documentation, and communication of all policies.


7. HR Analytics & Reporting:


- Develop reports and dashboards on compensation trends, internal equity, cost-to-company analytics, and benefits usage.


- Provide actionable insights to senior management to inform strategic decisions and monitor progress.


8. Governance, Compliance & Risk Management:


- Ensure full compliance with internal audit standards, legal requirements, and RPG Group norms.


- Drive internal audits and proactively address compensation and benefit-related risks.


- Maintain confidentiality and data security in handling employee compensation records.


9. Collaboration & Stakeholder Management:


- Work cross-functionally with HRBPs, Finance, and Group C&B teams to align initiatives and ensure successful execution.


- Act as a compensation consultant to internal stakeholders, providing strategic advice and support for people-related decisions.


Competencies:


- Communicating Effectively


- Design and Creation of Policies


- Analytical Mindset


- Benchmarking

Didn’t find the job appropriate? Report this Job

Job Views:  
433
Applications:  155
Recruiter Actions:  0

Posted in

HR & IR

Job Code

1584665

UPSKILL YOURSELF

My Learning Centre

Explore CoursesArrow