Sr Manager Compensation & Benefits Mumbai

Job Description:

1: Job Purpose Statement (Summarise in one/two statements why this job exists and the
contribution makes to the overall business of the company).
 Designing, Implementing, Controlling and Monitoring Compensation Policy
 Preparation of compensation budgets
 Compensation benchmarking for India & overseas markets
 Creation & Implementation of Incentive/ Bonus/ Performance Pay Plans within the Statutory
Framework
 Sound understanding of statutory regulation related to compensation

2: Duties & Responsibilities ( List in the order of importance the duties & responsibilities of this
job)
Compensation and Benefits
 Responsible for compensation & benefits benchmarking for Indian & overseas markets
 Preparation & monitoring of compensation budgets
 Preparation of various compensation stimulations
 Understanding of statutory framework wrt LWF, PF, ESIC, Min wages etc
 Responsible for successful implementation of Total reward framework.
 Responsible for creation of compensation structures & aligning employees with the grid.
 Responsible to ensure and provide necessary data monthly, including new hires, salary
change etc for payroll process (including pre‐payroll) in a timely manner.