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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