Chief Manager

1 month ago

mumbai, India Piramal Group Full time

Business: PPL Corporate
Department: Total Rewards
Location: Kurla, Mumbai
Travel: Low 

Job Overview

Support total rewards community of excellence for Piramal Pharma Limited even as we grow
organically and inorganically to ensure superlative employees experience

Key Stakeholders: Internal : Corporate HR Team, Senior Leadership Team, Business HRs Key Stakeholders: External: Consultants and various service providers Reporting Structure : Group Head Total Rewards Experience: Minimum years of experience in Compensation & Benefits
Competencies Experience in job analysis/evaluation, market benchmarking, C&B policies, year end annual review
cycle etc. Exposure to managing senior level compensation (possibly with some understanding of stock option
plans), regulatory issues etc. Exposure to comp interventions like retention, guarantees, buy back etc. is desirable but not
essential. Experience in Global Mobility & Compensation preferred

KEY ROLES/RESPONSIBILITIES:

Compensation & Benefits:
Design, develop & implement Global Rewards solutions for all businesses.
Ensure Competitiveness of Reward Programmes , design the reward p hilosophy and keep it
contemporary. Ensure comprehensive compensation benchmarking and alignment of
compensation structures.
Undertake benefits and best practices in rewards benchmarking in India and other countries
like US, Canada, UK and European Markets.
Design innovative rewards programmes to enhance the Piramal’s EVP and instill a
Performance culture.
Revamping Recognition Programme . Sales incentive redesign, retention Plan for top
performers and critical talent, etc
Liaise with external agencies such as Aon Hewitt, Mercer, Towers Watson etc. To conduct
market assessments/ benchmarking and compensation consulting in line with business
needs.
Responsible for proposing and executing change with respect to C&B policies and guidelines
 

Performance Management:
Reviewing and redesigning the Performance Management process in alignment with best
industry practices and driving Performance Driven culture in alignment to our vision.
Responsible for managing the KRA setting process, mid year review and year end annual
review cycle as process custodian, working closely with Business HR to ensure that process
standardization and timeline adherence is achieved.
Publish the Goals & STI Setting Calendar, Facilitate Quality Audit of Goals & STIs Sheets
within timelines
Planning and implementing Corporate Training Calendar with respect to PMS
implementation and guidelines. And the requisite cascades/ communication is as per plan
Process Champion for the Online Performance Appraisal process of the organization.
Responsibilities include inducting employees on the appraisal process, developing an online
system, assisting managers with implementation of the process, conducting calibration
meetings with HOD’s and handling employee’s queries and anxieties
Creating Competency framework and responsible for job analysis/ evaluation as and when
required for new positions/ promotions/ ungraded roles etc.
Job Analysis Workshops; Evaluation of jobs using Mercers methodology.
Partner with Business Hr and Business Heads for initial diagnosis assessment existing
Organization Structure & grades; Analysis of job roles (Job Analysis), design new or modify
existing structures/ grades to align with business needs. Identification of critical resources.

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