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Lead - Compensation & Benefits - Microfinance Firm
1 month ago
Job Description C&B Lead:
Our client is a fast-growing microfinance company specialising in the housing finance sector, with an emphasis on promoting affordable housing initiatives and enhancing financial inclusion for weaker section of society.
The C&B Lead is responsible for designing, developing, and implementing compensation and benefits programs that are competitive and meet the needs of the organization and employees.
Key Responsibilities:
- Conduct analysis of compensation and benefits trends in the market to ensure our programs are competitive
- Design and implement compensation and benefits programs that are aligned with the organization's goals and objectives
- Work with HR Business Partners and managers to provide guidance and support on compensation and benefits-related issues
- Develop and maintain job descriptions, salary structures, and job evaluation, Grade structure systems
- Monitor and evaluate the effectiveness of compensation and benefits programs and make recommendations for improvements
- Ensure compliance with relevant regulations and legislation & controls for timely and accurate payouts
- Provide training and education to managers and employees on compensation and benefits programs
- Manage the administration of compensation and benefits programs, including payroll processing, benefits enrollment, and reporting
- Participate in salary surveys and other benchmarking activities
- Collaborate with the HR team to develop and implement overall HR strategies and initiatives
Key Requirements:
- Masters degree in Human Resources, Business Administration
- At least 8+ years of experience in compensation and benefits administration
- In-depth knowledge of compensation and benefits practices and principles
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills. Ability to interact with / present to Management committee.
- Ability to work independently and as part of a team
- Proficient in Microsoft Office and HR information systems
- Experience with job analysis, market pricing, and job evaluation methodologies
- Knowledge of relevant employment laws and regulations
(ref:iimjobs.com)