Senior Manager - Compensation And Benefits

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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

 

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