Compensation Benefits Manager

1 month ago


Mumbai, India PI Industries Ltd Full time

The core purpose of the position is to design and execute end to end Performance Management Process and Rewards programs/interventions.


Strategic

  • Design / re-refine end-to-end Performance Management and Rewards programs / Interventions (goal setting, mid and year end performance evaluation, compensation benchmarking surveys, policies, role fitment etc.)
  • as a process owner for Process Design and Deployment (via processes and SuccessFactors).


Operational


Performance Management:

Design and facilitate end-to-end performance appraisal processes, ensuring alignment with organizational goals and values (goal setting workshops, goal enhancements, mid and year-end performance evaluation, leveraging SuccessFactors etc.)

Provide consultation / guidance to managers and employees on goal-setting, mid and year end performance evaluation process

Analyze performance data to identify trends and make recommendations for improvement.

Compensation and Benefits:

Conduct the end-to-end compensation process, including salary surveys, salary benchmarking, and salary structure design/re-design

Be a process owner for year-end compensation increment cycles

Design / optimize employee benefits, ensuring compliance with regulatory requirements and market competitiveness.

Policy Development and Compliance:

Design and maintenance of HR policies related to, but not limited to, performance management, compensation, and all employee benefits

Lead policy benchmark surveys to maintain market competitiveness


Desired Experience:

  • Masters in HR from Tier 1 or 2 Institute
  • 3-6 years experience in performance management, compensation, and benefits administration, preferably in the agro-chemical or agricultural industry.
  • knowledge of Indian labor laws and regulations.
  • analytical and problem-solving skills
  • ownership mindset with end to end accountability of projects
  • with a high level of accuracy
  • Knowledge of SuccessFactors is preferable



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