Sr Mgr/AGM/DGM - Compensation & Benefits

This is with regards to job opportunity for position of Sr. Manager /AGM/DGM – Compensation & Benefits with a top Indian Conglomerate

Job Description :

Compensation Strategy & Analytics

1. Co relate compensation in line with business data and business performance.

2. Design, Develop and recommend metrics for establishing linkages in various businesses.

3. Benchmark compensation ratios. Work with resources in Economic Cell, external agencies including research agencies, financial newspapers etc. (Employment cost ratios) with external benchmarks

4. Provide inputs into compensation budgeting process

5. Be the key resource in the portfolio for all analytics and data relating to the PeopleSoft ERP

Research

1. Study and present global/ regional and sector specific trends relating to employee wellness and reward, as relevant to businesses.

2. Research next gen benefit trends and facilitate adoption/ adaptation within to enable it to be Employer of Choice.

3. Facilitate develop external network and perspective for the Rewards portfolio.

4. Track Income tax, COLA and compensation related country specific laws and norms.

Individual Compensation data analysis and external benchmarking for Pay Management

1. Benchmark compensation internally across relevant sectors within

2. Support participation in external studies and define competitive positioning of businesses in the relevant sector.

3. Identify and track individual data as reported by organizations relating to compensation

4. Compile and analyze such data in Group Businesses and provide individual profile-wise comparisons, compile standards.

Benefits and Policy review and implementation for select businesses

5. Recommend, Develop and review policies based on requirements, under supervision from Team Lead - Compensation

6. Work on the financials and implementation recommendations at business / Group level.

Implement and communicate various short term incentive programs for select businesses

1. Design, implement and communicate annual incentive plans for various businesses.

2. Work with external vendors wherever necessary.

3. Continually review to ensure that such plans are competitive vis-à-vis market, aligned to the business objectives

Special Projects

1. Review recommendations from Businesses as part of annual compensation review process every year, for certain businesses to highlight anomalies and inequities in the proposals.

2. Lead or be member of key assignments such as Compensation communications, compensation workshops etc.

If interested, revert us back with your updated resume in MS – Office format on below mentioned details

Please feel free to get in touch with us on below mentioned number in case you need any clarity or assistance.

Ekta Gala
HR Analyst
Magnus India Consulting Pvt Ltd