Sr Mgr - Compensation & Benefits - Pharma

The client is a leading pharmaceutical organization based in Mumbai.

Job purpose:

- Responsible for leading the administration and delivery of compensation & Benefits programs that are aimed at attracting and retaining employee talent.

Job Responsibilities

- Leads the roll out, communication and ongoing administration of new and existing compensation & benefits programs.

- Performs job evaluations/job leveling (slotting) utilizing traditional and/or leveling chart applications and recommends salary grades for new or revised jobs that have impact over the other entities in India.

- Provides recommendations on various pay actions (job offers, promotions, equity increases, bonus buyouts, etc) utilizing survey sources, market references, internal equity, and other data as appropriate.

- Manages special compensation and benefits projects (M&A, re-organizations, job leveling, job hierarchies, common merit dates, government audits, new government-mandated changes, etc)

- Provides local support on Cross Border Transfers/Short Term Assignments and International Relocations.

- Manages Management Incentives Plan under the country responsibility.

- Leads the implementation, administration and communication of core compensation and benefits programs (job evaluation/leveling, market data analysis and application, merit planning & annual incentive plans, long-term incentive plans) .

Competencies

- Cultural skills – understands business issues and cultural differences and applies that knowledge to compensation & benefits design and processes

- Ability to drive for results and achieve goals through direct/indirect influence

- Experience leading, coaching and working in a matrix work environment and partnering with BHR and Practice Center to achieve results

- Ability to manage multiple programs and projects simultaneously

- Exceptional quantitative and diagnostic problem solving skills

- Thorough understanding of compensation & benefit budgets and funding requirements

Supervisory/ Management Responsibility

Reports to the – Head C&B Compensation and Benefits India.

Minimum Education

- Bachelor’s degree in Business, Finance or Human Resources.

- Masters degree in Business or Human Resources is preferred.

- Certified Compensation Professional designation is a plus.

Experience/ Training recommended

- Five to seven years experience in Compensation and Benefits or human resources.

- External or internal consulting role

- Led a project or task force lead that had broad impact

- Exposure to one or more other areas of HR (benefits, talent acquisition, learning & development)

- Possesses solid knowledge in multiple aspects of compensation (base pay, long-term incentive programs, annual incentive programs, sales compensation programs and reward and recognition programs)

Should you be interested in this opportunity please reach me on fnemade@antal.com