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Senior Manager - Rewards & Performance - Mutual Fund (5-12 yrs)
Job Description :
Performance Management :
- You will be responsible for reviewing & overseeing a robust performance management system including - policies, processes & systems to ensure a fair, transparent & objective performance management in line with the organisation goals.
- Manage Goals Management, KRA Frameworks & work closely with HRBPs to drive effectiveness & standardisation of the process.
- Evaluate roles/jobs from time to time & provide insights on market movements & criticality of talent.
Compensation & Benefits Management :
- Drive the annual compensation review - increments & incentives in line with the performance framework with integrity, accuracy & timeliness.
- Monitor the internal pay ranges, undertake competitive analysis/compensation benchmarking, and market trends to provide expert guidance on salary movements, appropriate compensation and grade fitment of new hires and internal movements across all business units/functions of the organization.
- Design & launch competitive benefits programs in line with industry best practices beneficial to employees & ensuring optimisation of employee cost.
- Provide insights & analytics to stakeholders to enable better decision making.
MIS & Controls :
- Budgeting & forecasting of employee cost, total cost & productivity to company dashboards to relevant stakeholders on a quarterly, half yearly & annual basis
- Ensure all statutory obligations related to compensation are taken care within prescribed timelines.
- Conduct regular audit of Compensation data to ensure compliance.
Communications :
- Manage a communications plan with respect to all initiatives, policies, processes & guidelines to ensure success of initiatives throughout the year in a transparent manner.
- Act as an advisor to Talent Acquisition & HRBPs to resolve compensation related queries at the time of hiring, performance reviews & other related grievances.
Systems :
- Collaborate with HR Tech to create & deliver a seamless experience for employees in the areas of Performance Management, Reviews & Total Rewards.
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