Shriram Properties - Assistant General Manager - Payroll

Compensation & Benefits Design and Design and maintain competitive compensation structures aligned with industry benchmarks and internal equity.

• Manage annual compensation processes, including increments, promotions, and incentive payouts.
• Lead CTC structuring for new and existing roles in line with statutory and taxation guidelines.
• Manage short-term and long-term incentive programs tailored to real estate performance metrics.
• Benchmark compensation and benefit practices using industry surveys (e.g., Aon, Mercer, Administration :
• Design and manage employee benefits including health insurance, gratuity, leave policies, employee wellness, etc.
• Drive employee awareness and utilization of benefit offerings through structured communication.
• Evaluate vendor performance for insurance, statutory benefits, and other employee Execution and Governance :
• Ensure accurate and timely payroll processing for all employees, including variable payouts, reimbursements, and final settlements.
• Oversee payroll compliance with Income Tax, PF, ESIC, LWF, Gratuity, and other statutory deductions.
• Ensure seamless integration of HRMS and payroll platforms for error-free execution.
• Collaborate with Finance and Audit teams for payroll reconciliation and Compliance & Reporting :
• Lead statutory and internal audits related to compensation, benefits, and payroll.
• Prepare and submit periodic MIS reports to senior management and statutory bodies.
• Ensure adherence to labor laws, SEBI listing obligations, and corporate governance Engagement :
• Collaborate with business leaders to ensure compensation strategies align with talent strategy and business goals.
• Provide consulting support to HRBPs and leadership on salary corrections, rewards, and policy interpretations.
• Act as a SPOC for compensationand payroll-related queries during M&A, due diligence, or board reviews.

(ref : iimjobs.com)