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31/07 HR
HR Consultant at COE Solution

Views:383 Applications:115 Rec. Actions:Recruiter Actions:111

Senior Manager/Chief Manager - Compensation & Benefits - BFSI (4-6 yrs)

Mumbai Job Code: 1294880

Compensation Benchmarking:

- Actively work on compensation benchmarking study for various sponsored and forum based surveys

- Work closely with Business HR Team for evaluating compensation needs for business verticals

- Analysis basis comp survey outcome, internal parity and input for decision on compensation

Compensation Review Process:

- Actively work on annual compensation budgeting, simulations & planning for execution

- Work with Business team for finalizing the compensation, rating normalization process and building the proposals as per the plan

- Interact with leadership team for comp review process

- Actively involved in the roll out and conclusion of the process

- Handle off cycle comp reviews

- Proactively review compensation of employees in the respective business segments based to internal comp, market comp and retention challenges

Variable Pay:

- Actively work on incentive scheme formation keeping in mind the role deliverables, productivity benchmarks and balance of Fixed to Variable ratio of the compensation

- Work on incentive calculations, analysis and approval process

- Monitoring of payout of Incentives

- Work on the annual bonus plan budgeting, simulation and total variable pay impact linkages to business performance

- Work with Business Team for finalizing the annual bonus plan

- Interact with leadership team for comp review process

Job Band and Pay Bands & Projects:

- Handle Job Evaluation for respective segment and work with the Job evaluation committee from time to time

- Defining comp bands for the fast moving roles for hiring. Review and control the hiring ranges in line with agreed comp ranges

- Work on various central projects cutting across the organization from HR process or product point of view

Compensation Analytics:

- Comp Analytics pre, during and post compensation review cycle

- Comp analysis basis internal, market benchmark data, hiring data and other market insights

- Industry trends/ Market insights on compensation for the area of business

- Variable pay linkage analysis with business output, productivity and earning analysis

- Propose interventions based on comp analysis for retention, proactive corrections & productivity improvement

Job Requirements:

- MBA with specialization in HR or Masters in Statistics

- Excellent data handling capability with hands-on experience in working on excel complex formulas

- Knowledge of working on Macros and Power BI will be added advantage

- Excellent stakeholder management skills

- Prior experience of 4 -5 years in HR with 1-2 years in comp role

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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