Specialist/Senior Manager - Compensation & Benefit - Health Insurance

We have a very urgent position in one of BEST BFSI organizations across the following location --

LOCATION - Mumbai ( Lower Parel )

OFFERED CTC - 12lac to 15lac ; depending upon current CTC.

POSITION -

DESIGNATION - Chief Manager / Senior Chief Manager

JOB DESCRIPTION - Compensation & benefits - specialist ( Sr. Manager )

- This position will be responsible for development, implementation, and administration of compensation and benefits programs, policies, and procedures for client in India .

- Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis.

- Forecast budget for salary increases. Manage Annual salary increase, Variable pay and performance management programs

- Ensures that compensation and benefits programs remain competitive and conform to current compensation strategy.

- Build robust HR Analytics framework, covering HR services, Sales Compensation, Business partnering areas for effective management decision making

- Collecting and interpreting data for ad hoc projects

- Making recommendations on policy improvisation, communicating impacts to senior management and stakeholder management

- Drive answers to analytic challenges and manage a team of analysts to solve different parts of the problem

- Managing Sales Incentive Program

- Provisioning for incentive payout basis budget

- Run simulations basis sales performance for schemes and design incentive structures

- Analysis of competition incentives schemes and incentive earnings

- Ensuring timely calculation by the team

INDUSTRY PREFERENCE - ANY INDUSTRY. Candidates with within industries such as HR Consulting / BFSI, FMCG / CD / Telecom / Retail / Pharma / Ecommerce etc, having EXPOSURE in handling COMPENSATION ANALYTICS preferred .

NOTE : Candidates who are business partners profiles not based out of corporate & are not C&B / Rewards specialists, pls excuse ! Zonal / Regional profiles without any Corporate C &B, pls don- t apply !