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29/04 Ritu Bana
Senior Manager at SKF

Views:673 Applications:183 Rec. Actions:Recruiter Actions:74

SKF - Total Rewards Leader (7-12 yrs)

Gurgaon/Gurugram/Pune Job Code: 919951

1. Compensation Expertise :  

- Provides support based on solid knowledge of compensation-related topics and provides support in preparation and execution of annual compensation processes 

 - Under supervision, analyzes and monitors market trends to ensure compensation programs are competitive

 - Manages the company participation in benchmarking salary surveys and maintains results files as support for compensation analysis requests - Develop or enhance the compensation programs such as Sales incentive, phantom stock programs etc. - Good knowledge of statutory laws related to the compensation programs.

2. Compensation Analytics: 

- Provides in-depth analytical services on topics such as, internal and external equity cost of labor, pay trends, recommendations on salary packages, salary increase guidelines, etc. 

- Conducts job evaluation and grading activities, responding to the evolution of the business and the organization changes, and review benchmark positions accordingly.

3. Compensation Consultancy: 

- Consults with human resources business partners and managers on compensation actions to ensure alignment with policy and business objectives. - Develop and deploy educational/training programs and materials to equip HR partners with fundamental of total rewards to enhance their effectiveness in consulting with managers and supporting key initiatives.

4. Benefit Administration: 

 - Design a competitive benefit strategy and execute the annual group insurance policies - Introduce innovative and competitive benefits to attract and retain talent.

Merit Increase:
- Market Benchmarking - Analyze and make compensation and benefits recommendations using internal and external data, including industry trends and best practices.

- Sales Incentive & Annual Bonus

- Policy Benchmarking

- Benefits Administration

- Recognition Practice

- Budget Planning/Head Count Approval & Analytics

- Payroll Exposure

- ERP - Systems

Women-friendly workplace:

Maternity and Paternity Benefits

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