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31/05 Ranju George
HR at SBI Mutual Fund

Views:1887 Applications:420 Rec. Actions:Recruiter Actions:125

SBI Mutual Fund - Assistant Manager/Deputy Manager - Compensation & Benefits (0-4 yrs)

Mumbai Job Code: 1267565

Assistant Manager/DeputyManger - Compensation & Benefits

1. Compensation & Benefits

- Responsible to administer annual appraisal & annual increments cycle.

- Responsible for processing annual PLI

- Evaluate the current PLI policy in view of best practice across the industry.

- To maintain industry data on annual increment and incentive trends.

- Maintain the budget for employee costs and periodically review the same.

- Evaluate long-term incentive plans for employees.

- Responsible for the administration of the existing ESOP plan.

- Responsible for annual salary benchmarking survey.

- Work on the total reward & effective employee communication around the same.

- Work on the Compensation philosophy statement.

- Responsible for renewal of Mediclaim & Term life insurance.

- Evaluate existing employee benefits and their efficacy.

- Benchmark employee benefits programs across the industry and introduce best-in-class benefits programs for employees.

- Design and implement a strategy for effective communication of benefits.

- To ensure that all statutory requirements related to compensation are mth.

- Work on assignments like job evaluation, job sizing and productivity analysis etc.

- Responsible to assess implication of new wage code and its implementation ( if any)


- Review the PMS process to ensure that the process drives higher performance in the organization.

- Measure organization-level productivity and benchmark it with industry

- Improve employee satisfaction score on the PMS process.

- Develop various communication to improve awareness amongst employees regarding the PMS process.

- Ensure that employees and managers are trained for setting SMART Goals, assessment of goals and performance review discussion process.

3. HR Policy

- Review HR policies at regular intervals.

- Benchmark best practices across the industry and adopt those practices as per organization requirements.

- Ensure that all HR processes have defined SOPs

- Regular communication and awareness about HR policies to be done with employees.

4. HR Analytics & Data Management

- Prepare & present Compensation analysis and Dashboards.

- Prepare a template for Comp analytics.

- Detailed analysis of manpower cost and its comparison with other AMCs.

5. Projects / Process improvements

- Evaluate all existing processes of HR Ops to check their efficiency.

- Define TAT & quality level of HR delivery.

- Automation project in comp function

- Work on automation of employee queries on policy.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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