Walmart - Compensation & Benefits (2-7 yrs)
- Support C&B team in running/managing various aspects of Compensation & Benefits Management, in an efficient and effective manner
- Formulate compensation policies and strategies for the organization
- Work on the Annual Total Remuneration Review Exercise and partner with all stakeholders to prepare and recommend improvements
- Organize and manage regular compensation surveys/ bench-marking exercises to remain market competitive with respect to talent
- Work within guidelines to conduct and monitor budgeting exercise that include direct costs and other employee related indirect costs
- Support the increment cycle for the organization
- Plan, design & manage Job rates across states for frontline associates
- Drive implementation of Reward and Recognition programs
- Facilitate the process of development and implementation of variable/ incentive pay plans
- Implement and manage the Long Term Incentive Plan
- Monitor and evaluate effectiveness and compliance of compensation programs across the organization
- Prepare periodic MIS and analytics
- Provide regular salary fitment metrics to the recruitment team and provide guidance to ensure correct compensation fitment
- Support expatriate compensation management - including salary equalization, special allowances etc.
- Understand Job Evaluation Methodologies and evaluate jobs to arrive at correct level fitment
Policies & Compliance :
- Regularly review and update existing benefits and policies, aligned with market practice and changing organisational context
- Provide inputs and drive the process of creating new policies and procedures in line with best in class organisations
- Act as the custodian of all organisational policies and procedures
Ability :
- Ensuring market competitiveness of compensation structure within the budgetary constraints
- Managing employee expectation and company cost control
- Evaluating effectiveness and compliance of compensation programs
Key Decisions :
- Analyzing and Recommending changes in the Compensation Strategy based on changing organisational context
- Evaluating effectiveness and compliance of Compensation Programs across the organization
- MBA HR from a premier institute
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