Lead - Compensation & Benefits - Leading Oil & Gas Company

4 weeks ago

mumbai, India Michael Page Full time
Opportunity to work with a leading Oil & Gas Company Opportunity to Lead the Compensation & Benefits Function

About Our Client

They are a leading Oil & Gas Company (Listed Organisation)

Job Description

Key Functions:

- To support Head C&B to set the compensation & benefits policies and to ensure fair and accurate compensation to employees including regular salaries and bonuses.

- To manage C&B Processes like the salary planning, Incentive pay-out and employee benefits etc.

- To evaluate each position at the time of hiring and determine competitive offer which is based on internal and external parity

- To support Head C&B in developing, implementing and managing International Compensation adhering to country specific statutory norms

- To support the strategy and business plans of the organization from the perspective of People Cost

- To develop an engaging environment through effective communication to support the Compensation & Benefit function.

- To facilitate an end to end support to the Line Managers in Managing their people through effective HR Systems and Processes

- Oversee and ensure implementation of Job evaluation process which helps the organisation to have a consistent work value measurement, common framework and language to design jobs, define career progression, analyse organisation structures and more strategically manage Human Resources

- To adopt operational excellence tools and principles that enables HR functions to create value to its internal and external customer by improving HR Policies, Processes, Services, Technology and data.

The Successful Applicant

Preference for candidates from Banking Setup
KEY ACCOUNTABILITIES:
Compensation & Benefits, Performance Management Process, Policies & Procedures, Internal & External Audits, HR Operational Excellence, Special Projects

KEY CHALLENGES:

- Balancing Compensation Budget and Competitive Pay

- People Cost Optimization

- Attracting and retaining top talent is critical to the organization's success, but is sometimes restrained by the budget

KEY DECISIONS:

- Compensation & Benefits Strategy in consultation with Head C&B

- Scope of work, Quality assurance parameters and Technical evaluation decisions on external vendors

Recommendations to superior:

- Inputs on Compensation and Benefit practices in the industry

- Compensation fitment

- Recommend improvements in HR systems & processes for effective implementation

Internal Stakeholders:

1. Business HR Heads

2. Functional/ Department Heads

3. HR Business Partners

4. Employees

External Interactions:

1. Implementation partners

2. Consultants

Functional Skills:

1. Latest Compensation & Benefits concepts, practices and technology trends

2. Labour Laws

3. Corporate strategy and change

4. Good knowledge of SAP

5. Excel1. Behavioural Skills:

2. Interpersonal Skills

3. Communication Skills

4. People Management Skills

5. Problem solving and analytical abilities

6. Team Work

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