SGM/GM – Compensation, Rewards and Benefits, HR Ops, Mumbai

Job Description:

 Compensation, Rewards and Benefits

Department: Human Resources

Location: Mumbai

• Develop and implement compensation and benefits strategies that attract and retain top talent.
• Conduct regular benchmarking studies to evaluate the competitiveness of our compensation packages.
• Oversee the administration of employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
• Ensure compliance with relevant laws and regulations governing compensation and benefits.
• Analyze data and trends to provide recommendations for adjustments to salary structures and bonus programs.
• Collaborate with senior management to align compensation and benefits programs with organizational goals.
• Manage relationships with external vendors and consultants to optimize benefits offerings and cost- effectiveness.
• Provide guidance and support to HR team members on matters related to compensation and benefits.
• Annual Increment Cycle – End to End planning and execution – analyzing rating distributions & proposals, grid designing, budget alignment, board signoff & letter generation. 
• Executive Compensation with LTIP pay-outs
• Job Evaluation and Compensation & Benefits Benchmarking
• PMS – Enabling better performance differentiation across organization and ensuring more objectivity in performance discussions/evaluations, ensuring timely closure of quarterly, half yearly and annual reviews.
• Rewards & Recognition - Ensuring the RnR framework is aligned to the company values and desired behaviors, onboarding a new RnR vendor to ensure better employee experience, making key changes in award designs to strengthen the quality of nominations.
• HR Operations– Process owner for employee life cycle process like onboarding, probation, PIP, Exit, medical insurance, BGV, pre-employment health check managing external vendors for respective processes.
• HR Analytics – Dashboards for key HR metrics to monitor health & course correct the process execution.
• Staff Cost- Preparing the annual budget proposal for Staff Cost – including salary cost and ensuring the adherence to budget through monthly MoR reviews with senior management.

• Bachelor degree in Human Resources, Business Administration, or a related field; Master’s degree or relevant professional certification preferred.
• Extensive experience (8+ years) in compensation and benefits management, with a strong understanding of industry best practices.
• Proven leadership and strategic planning skills, with the ability to drive results in a fast-paced environment.
• Excellent analytical and problem-solving abilities, with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to influence stakeholders at all levels.
• Ability to effectively manage multiple priorities and deadlines.
• In-depth knowledge of regulatory requirements related to compensation and benefits.
• Proficiency in HRIS systems and Microsoft Office Suite.

• Excellent Career Progression
• Competitive Compensation Package
• Health Insurance
• Energetic and Enthusiastic Work Environment
• Performance Bonus
• Employee Development Plans
• Celebration and Reward