Position Purpose
Be a Compensation & Benefits Specialist for designated entity level, and provide, in area of expertise, value-added advice to drive Business / Function strategic objectives.
COMPENSATION & BENEFITS :
- Ensure necessary documentation / reporting and provide inputs where required for internal and or external benchmarking etc.
- Ensure competitiveness of compensation and benefits practices within benchmarked industries, by regular review of total rewards survey insights. Proactively review and recommend improvements to rewards and benefits plans, based on market benchmarks and internal group reward philosophies & objectives
- Manage and drive the annual Compensation Review Process
- Lead and support change efforts related to C&B programs, ensure clear communication message delivered to all key stakeholders
- Manage analytics and preparation of reports for regular review
- Manage in reporting to various internal / external stakeholders with due data privacy controls and ensure compliance to local laws / regulations and adherence to reporting schedules
- Support needs for Data for internal or group related analysis
BUDGETS :
Support in preparing for the annual HR budget for teamLiaison with requisite team members to ensure adequate inputs / rationaleTrack, monitor and regularly report actual / vs budgets and highlight any trends at the agreed frequencyEnsure required inputs are given to India HR team and or Finance team.COORDINATION WITHIN HR :
Contribute to the flow of information within HR (bottom up and lateral)Collaborate with HRBPs and drive the annual compensation benchmarking processLiaise with Recruitment and review salary grid for Fresher / GraduateLiaise with HR Operations & Payroll for change in compensation during the yearCoordinate with L&D team to deliver on specific programs or activities as requiredWork in close collaboration with HR teams within the India Territory on harmonization of C&B approach, policies and componentsHR PROJECTS
Initiates or delivers on delegated HR Projects as requiredRecommend and drive automations and efficiencies to run the portfolio betterREQUIRED COMPETENCIES / BEHAVIORS :
Understanding of local labor lawUnderstanding of HR processes and proceduresCommunication skillsAbility to plan, prioritize, and deliverAccuracy (with data and numbers)Strong sense of confidentiality and ethicsDemonstrate problem solving skillsExcel and Powerpoint SkillsDiversity, inclusion and non-discrimination awarenessStrong process, change orientation