Compensation Strategy: Developing and implementing a compensation strategy that aligns with the company's overall goals and objectives. This includes analyzing market trends and conducting salary surveys to ensure that the organization's compensation packages are competitive and attractive to current and potential employees. Job Evaluation and Salary Structure: Conducting job evaluations to determine the relative value of different positions within the organization. Based on these evaluations, the compensation and benefit manager establishes a salary structure and pay grades that reflect the job's responsibilities, qualifications, and market value. Compensation Planning and Administration: Overseeing the planning and administration of the organization's compensation programs. This involves managing the annual salary review process, including performance-based salary adjustments, merit increases, and promotions. Benefits Management: Managing the organization's employee benefits programs, such as health insurance, retirement plans, paid time off, and other fringe benefits. This includes researching, selecting, and negotiating with benefit providers to secure competitive and cost-effective benefit packages. The compensation and benefit manager also communicates benefits information to employees and assists them with benefit-related inquiries or issues. Compensation and Benefits Analysis: Conducting regular analysis of compensation and benefits programs to evaluate their effectiveness and competitiveness. This involves reviewing market trends, benchmarking against industry standards, and analyzing employee satisfaction and engagement data. The compensation and benefit manager uses this information to recommend adjustments or enhancements to the organization's compensation and benefits programs. Compliance and Reporting: Ensuring compliance with applicable laws and regulations related to compensation and benefits. Employee Communication and Education: Communicating compensation and benefits information to HRBP's effectively.

Bangalore

Syngene - Associate Manager - Compensation & Benefits 

Syngene - Associate Manager - Compensation & Benefits  ,Job Description for Syngene - Associate Manager - Compensation & Benefits  in Syngene International Limited in  Bangalore for (5-9) years of experience. Apply Now!

Job Description for Syngene - Associate Manager - Compensation & Benefits  in Syngene International Limited in  Bangalore for (5-9) years of experience. Apply Now!