Omega Healthcare
Chennai, Chennai
Mathematics Learning Link Online Classes

Senior Manager - Compensation And Benefits

Job Type: Private
Hiring For: Omega Healthcare
Job Role: Compensation Manager
Industry: BPO
Job Priority: Normal
Job Nature: Office
Job Mode: Full Time
Job Position: Permanent
Job Location: Chennai, Chennai, India (600020)
Salary Range: INR 0 - 0 Per Month
Experience Range: 14 - 18 years
Qualification: BCom - Graduate Commerce
Skills Required: Compensation Management, Compensation Planning, Employee Benefits, Labour Laws, Compensation Benchmarking
Date Published: 18 Mar 2023
Valid Through: 18 Mar 2033

Job Description

Roles and Responsibilities

  • Prepare the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget for all geographies.

  • Monitor the job market, the modern trends in the compensation and finds the best practice for implementation in the organization without major impact on the personnel expenses costs.

  • Design and develop compensation and benefits policies.

  • Design the compensation structures in the organization (grading system, job evaluation system, job classifications, job descriptions, promotion policy, etc) aligned with business goals and the corporate values.

  • Build and maintain the positive and influencing relationship with the executive management.

  • Work closely with the top management, supporting decisions and providing the evidence for discussions within business units.

  • Analyse different components of the remuneration scheme in the organization and prepare report about the internal equity and external competitiveness.

  • Coordinate C&B processes like the salary planning, bonus planning, new benefits introduction, etc.

  • Design and develop different schemes of the variable remuneration (incentive / bonus / retention schemes for the Delivery and Enabling functions) in coordination with respective stakeholders.

  • Closely collaborate and manage the relationship with the external compensation consulting company and participate in salary and labour market surveys to determine prevailing pay rates.

  • Lead and manage compensation and benefits projects for the entire organization.

  • Participate as the team member in other strategic projects and initiatives in the organization.

  • Assess employees needs by conducting organizational surveys to find out what motivates and engages employees.

  • Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs).

  • Train HRBPs and line managers in the complex usage of different HR and Compensation policies.

  • Advice top managers in taking difficult decisions in the area of compensation, benefits and motivation of employees.

  • Participate in C&B related internal and external audits and design & track CAPA wherever applicable.

  • Maintain excellent interpersonal relationships with all stake holders and be willing to work independently.

  • Ensure that compensation practices are in compliance with current legislation of respective geographies.

  • Ensure confidentiality, integrity and availability of all data dealt in course of work.

Desired Candidate Profile

  • Knowledge of HR practices and compensation cycle management.

  • Working knowledge of job evaluation, job analysis systems and grade structuring.

  • Adequate knowledge of current labour rules and regulations all geographies.

  • Familiarity with various types of incentives and benefits.

  • Strong and proven analytical skills.

  • Excellent MS Office skills (MS Excel, MS PowerPoint).

  • Proven working experience as a Compensation and Benefits Specialist.

  • Excellent Communication skills.

  • Networking and Influencing skills.

  • Strong Negotiation skills.

  • Strong Time Management skills.

  • Self-management skills.

  • Ability to work under pressure and tough deadlines.

  • Team Player.

Skills Required

Compensation Management, Compensation Planning, Employee Benefits, Labour Laws, Compensation Benchmarking


Career Astrology

Similar Jobs:

Mathematics Learning Link Online Classes