Recykal - Senior Manager - Compensation & Benefits (6-9 yrs)

1 month ago

Hyderabad, India iimjobs Full time

Senior Manager-Compensation and Benefits


Recykal is looking out for a Senior Manager-Compensation & Benefits with an experience of about 6-8 years.

The Senior Manager-Compensation & Benefits at Recykal acts as a Consultant or Owner for Strategic HR Initiatives to the Business. The Comp&Ben helps businesses generate value, drive Organizational outcomes by understanding business priorities and driving people initiatives.

Role And Responsibilities:

Compensation:

- Lead the rewards COE to ensure alignment with global directives and philosophy.

- Develop benefits, perks, and allowances based on internal bands and grades, regularly reviewing to maintain attractiveness.

- Serve as a compensation advisor to leaders, aligning programs with business goals and supporting talent initiatives.

- Conduct analysis of compensation programs for internal equity, external market competitiveness, and legal compliance.

- Monitor government regulations, legislation, and market trends.

- Stay informed about emerging trends and best practices in compensation and benefits and recommend innovative solutions to enhance the company's offerings in the region

- Coordinate projects to streamline administrative processes associated with Compensation and Benefits.

- Lead the payroll team to ensure processes are operating smoothly.

Benefits:

- Manage the implementation and administration of employee benefits programs, including health insurance, retirement plans, and wellbeing initiatives.

- Conduct market research and benchmarking to ensure that our benefits offerings are competitive within the local market and industry standard.

- Stay updated on relevant legislation and industry best practices to ensure compliance with local, state, and statutory regulations.

- Maintain operational excellence and relationships with benefits vendors and service providers, including insurance carriers, brokers, and third-party administrators.

- Generate regular reports for management to track key metrics and make informed decisions.

- Manage global Paid Holiday calendar, work with teams to approve and post on relevant platforms.

- Manage Benefits broadcasting i.e. emails, webinars, arranging support with AV teams, maintaining and coordinating calendars of Benefits events.

HR Budget:

- Manage HR budgets (AOP), including manpower planning, ensuring control through ongoing budget tracking.

- Establish governance and effective control mechanisms across HR lifecycle processes and policies.

HR Management:

- Supervise the existing HRMS system, suggesting enhancements as per business needs.

- Manage next-generation employee engagement applications and devise adoption and engagement mechanisms.

Data Management & HR Analytics:

- Manage employee master data, create process mechanisms for stakeholder awareness, and ensure data accuracy.

- Analyze people data to produce HR-focused analytics dashboards and meaningful insights.

- Conduct productivity and compensation analyses.

Ideal Candidate would have:

- Understanding of compensation fundamentals such as reviewing job leveling, global salary surveys (specifically AON Radford or Mercer Comptryx), analyzing large amounts of data using Excel or G-sheets.

- Strong leadership and strategic planning capabilities, with the ability to develop HR strategies that support overarching company goals.

- Strong analytical skills with the ability to analyze data, draw insights, and make data-driven recommendations.

- Experience designing and implementing compensation and benefits programs in a Start-up or global organization preferred

- In-depth knowledge of Indian labor laws, tax regulations, and market compensation practices.

- Hands-on team player with strong analytical skills.

- Demonstrated success in a dynamic, fast-paced and frequently changing environment.

- A consummate team player who builds highly effective professional relationships and can effectively work with and communicate across multiple levels and functions of the organization.

- Strong work ethic; Holds self and others accountable for achieving required outcomes.

- Able to quickly learn a company's priorities and translate them into actionable solutions.

Qualification:

- Master's Degree in Human Resources Management.

- 6-8 years of experience in C&B role in a multinational environment/Start-ups

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