Senior Associate/Assistant Vice President - Human Resource - BFSI

Role & Responsibilities:

Compensation and Benefits:

- Applying comprehensive functional knowledge of compensation and benefits and serving as a senior resource guiding less experienced team members

- Designing and reviewing the compensation and benefits strategies for the organization

- Managing the annual compensation and review process for all employees which includes, processing promotions, increments, and yearly bonus pay-outs

- Providing specialty reporting and data analysis as and when required by building excel models

- Staying abreast with market trends to ensure industry best compensation policies and procedures are implemented within the firm

- Conducting market analysis to carry out salary benchmarking through primary and secondary research

- Developing and reviewing the rewards and incentives program with senior management to ensure employee retention

- Continuously evolving, reviewing, and improving the performance appraisal process

- Managing the incubation team rewards and remuneration programs for new offices

- Managing conversation with prospective hires at pre and post-offer stage for salary negotiation, explanation of terms and conditions and documentation

Project Management:

- Managing HR specific projects end to end

- Creating and revising the HR programs and policies as and when required

- Developing a variety of HR specific training programs and courses for the HR department as well as for the company to improve efficiencies across the board

- Researching and preparing reports on HR trends by conducting research and staying abreast of current news and trends in the industry. Compiling and disseminating the reports in the most readable/accessible manner

Compliance and Governance:

- Managing the entire HR budget for the firm

- Managing the compliance activity within the department to ensure 100 % compliance with SOC2 standards

- To liaison with various department heads to manage other ad hoc projects

- Reviewing, updating, and revising company hiring practices, and other human resources policies to ensure compliance with all local and state regulations

Prerequisites:

- Strong business and HR acumen, including strong problem-solving skills, and critical thinking

- Strong analytical ability

- Creative and having an eye for details

- Team Management

- Good time management and multi-tasking skills

- Excellent communication and presentation skills

- Great interpersonal skills

- Knowledge of the latest trends and industry best practices

- Command over MS Office tools like Excel, Word, PowerPoint, and Outlook with a strong emphasis on Excel

- Knowledge of statutory requirements specific to compensation and benefits is a plus

Education:

Any Graduate, MBA in HR preferred

Work Experience:

7-12 years of work experience

Compensation:

Commensurate with industry standards