Compensation & Benefits

2 months ago

Pune Maharashtra, India Piaggio Vehicles Pvt. Ltd Full time

In this position you play a key role in designing, implementing, and managing the organization's compensation and benefits programs. This role involves conducting market research, analyzing internal data, and collaborating with various stakeholders to ensure competitive and equitable reward structures.
- Conduct market research and salary surveys to ensure the organization's compensation packages remain competitive.
- Design and implement salary structures, bonus programs, and other incentives.
- Evaluate and recommend adjustments to salary ranges based on market trends and internal equity.
- Administer employee benefits programs, including health insurance, retirement plans, and other welfare benefits.
- Evaluate existing benefits offerings and propose enhancements or changes to align with employee needs and industry standards.
- Collaborate with vendors to ensure effective benefits delivery.
- Conduct job evaluations to determine appropriate job grades and classifications.
- Maintain and update the job grading system to ensure consistency across the organization.
- Provide guidance to HR and hiring managers on job classifications and salary ranges for new positions.
- Communicate compensation and benefits policies to employees and provide assistance in understanding the overall rewards

package.
- Conduct periodic sessions or workshops to educate employees on the organization's total rewards offerings.
- Collaborate with management to design and implement performance incentive programs.
- Ensure performance incentive structures align with organizational goals and motivate high performance.
- Analyze compensation and benefits data to identify trends, outliers, and areas for improvement.
- Prepare regular reports for management, providing insights into the effectiveness and competitiveness of the organization's

compensation and benefits programs.
- Stay informed about relevant employment laws and regulations related to compensation and benefits.
- Ensure the organization's programs comply with legal requirements and industry standards.

? Strong analytical and quantitative skills.
? In-depth knowledge of compensation and benefits, best practices.
? Excellent communication and presentation skills.
? Proficiency in using HRIS and advanced skills in Microsoft Excel.
? Ability to work collaboratively with cross-functional teams.
? Detail-oriented and able to maintain confidentiality.
? Familiarity with relevant employment laws and regulations.

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