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Team Member

3 months ago

Mumbai, Maharashtra, India PI Industries Ltd. Full time

Position Description:

Business Division:

Corporate:

Department:

Human Resource*:

Location:

Mumbai:

Position Title:

DGM - C&B:

Level:

M2:

Reporting to (Title):

Head C&B:

Position Purpose:

  • The person is responsible for designing & developing best in class practices for compensation & benefits, performance management system and support HR policies and procedures for PI Industries

Strategic Responsibilities:

  • Devise in consultation with Lead C&B and Head
  • HR, compensation and rewards strategy for PI Industries through study of compensation benchmarks in peer group / competitor companies and due alignment with company strategy.
  • Contribute to create and drive a performanceoriented culture at PI Industries by developing a robust performance management and pay for performance program.
  • Contribute to develop best in class HR policies for PI Industries aligned to prevalent market practices.

Operational Responsibilities:

Compensation & Benefits

  • Conduct periodic benchmark surveys of compensation and benefits structures for management / non management staff and make modifications in line with benchmarks and C&B strategy.
  • Develop pay ranges for all existing and new positions aligned to compensation strategy and benchmarks.
  • Devise annual budgets for compensation increases after due survey of industry benchmarks and recommend proposed increases to MD/CEO and Head HR for approval.
  • Manage administering annual / promotional increases with approvals of Lead C&B, & Head HR and ensure the changes are duly incorporated in HRMS.
  • Develop and administer pay for performance and incentive schemes.

Performance Management System

  • Benchmark the existing performance management system at PI Industries and make process improvements so as to drive a performance driven culture.
  • Create transparency in the PMS process by ensuring clarity of individual accountability and establishment of key performance indicators.
  • Monitor, review and provide support for completion of annual appraisal process as per timelines and prescribed guidelines (at business unit.)
  • Organize and facilitate normalization discussion (at an organizational level) after receiving appraisal ratings from business units/corporate and finalize the final ratings and increments.
  • Resolve grievances and queries related to PMS and appraisals

HR Policies

  • Assist in development of best in class HR policies & processes for PI in consultation with HR head mainly including key HR service policies (Work Norms, Travel, Relocation etc.) and employee welfare policies.

Communication & Training

  • Collaborate with internal communication & T&D team to prepare communication decks and training modules to facilitate implementation and trainings for HR Policies / PMS / C&B to identified staff at the business unit level.***
    Audit & Post Audit Action
  • Develop, improve and implement PMS/compensation/HR policy process implementation audit to gauge compliance level at business unit and corporate level.
  • Prepare and report compliance scorecard business unit/location wise and do action planning for improvement in conformance.

Measurement & Analysis

  • Conduct trend analysis on PMS/Compensation, HR policy implementation through dipstick surveys, listening posts, interactions with BHR to identify improvement areas and scope for change in practices, policies & procedures.

Financial Responsibilities:

  • Manage and maintain employee cost (salary & benefits) within budgeted levels
  • Ensure adherence to annual increment budgets

People Responsibilities:

  • Lead professional and career development through internal / external trainings for self and team.
  • Ensure key positions in the team are staffed

Education Qualification:

  • MBA in HR from reputed management institute
    Work Experience:
  • Between 10-12 years of exp.
of which at least 5 years should be in the area of C&B, PMS & HR policies
Industry to be Hired from:

  • Agri / Chemical industry.
Experience working in large Corporate / MNC driving strategy is essential
Functional Competencies:

  • In depth Knowledge of concepts and practices in C&B

Interaction Complexity and Team Work:

**Interaction

Frequency

Purpose of Interaction

Internal:

MD/CEO. PI leadership team, Corporate HR,
BU HR, Admin, Finance
As an when required
For review, updates & approvals whenever required
For execution of C&B, PMS & HR policies

External:

Consultants, Auditors
As an when required

For information on best in class interventions in all 3 areas of C&B, PMS & HR policies, support in audits.