Associate Manager/manager - Compensation & Benefits

Saaki and Argus
  • Mumbai
  • 10-15 lakh
  • 7-12 years
  • Views
  • 30 Sep 2016

  • HR/ Human Resources

  • IT/ Technology - Software/ Services
Job Description

1. Deploy the Global processes (Salary Budget, Salary Increase monitoring, Benchmarking, BSC roll-out and alignment, Bonus accruals, Benefits, LTI, ESOPs roll-out, etc.)

2. Align C&B policies with Global C&B policies according to the local (legal) context to implement new C&B policies successfully

3. Monitor monthly salary increase and inform about the same to the respective stakeholders

4. Analyze different components of the remuneration scheme in the organization and prepare reports about the internal equity and external competitiveness

5. Participate in salary and labor market surveys to determine prevailing pay rates and benefits

6. Differentiate pay systems to invest in the segments of workforce that contribute the most value

7. Conduct ongoing research into emerging trends, issues and best practices

8. Plan, develop, evaluate, improve, and communicate methods and techniques for data retrieval, data collection, data analysis and data quality

9. Manage the design and development of tools to assist and to guide managers through compensation decisions

Variable Compensation

1. Implement and adapt different schemes of the variable remuneration in line with the global guidelines

2. Ensure that the incentive schemes are communicated and implemented as per timelines

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Saaki and Argus