Team Member
5 months ago
**Position Description**:
**Business Division**:
**Corporate**:
**Department**:
**Human Resource****:
**Location**:
**Mumbai**:
**Position Title**:
**DGM - C&B**:
**Level**:
**M2**:
**Reporting to (Title)**:
**Head C&B**:
**Position Purpose**:
- The person is responsible for designing & developing best in class practices for compensation & benefits, performance management system and support HR policies and procedures for PI Industries.**Strategic Responsibilities**:
- Devise in consultation with Lead C&B and Head - HR, compensation and rewards strategy for PI Industries through study of compensation benchmarks in peer group / competitor companies and due alignment with company strategy.
- Contribute to create and drive a performance-oriented culture at PI Industries by developing a robust performance management and pay for performance program.
- Contribute to develop best in class HR policies for PI Industries aligned to prevalent market practices.
**Operational Responsibilities**:
**Compensation & Benefits**
- Conduct periodic benchmark surveys of compensation and benefits structures for management / non management staff and make modifications in line with benchmarks and C&B strategy.
- Develop pay ranges for all existing and new positions aligned to compensation strategy and benchmarks.
- Devise annual budgets for compensation increases after due survey of industry benchmarks and recommend proposed increases to MD/CEO and Head HR for approval.
- Manage administering annual / promotional increases with approvals of Lead C&B, & Head HR and ensure the changes are duly incorporated in HRMS.
- Develop and administer pay for performance and incentive schemes.
**Performance Management System**
- Benchmark the existing performance management system at PI Industries and make process improvements so as to drive a performance driven culture.
- Create transparency in the PMS process by ensuring clarity of individual accountability and establishment of key performance indicators.
- Monitor, review and provide support for completion of annual appraisal process as per timelines and prescribed guidelines (at business unit.)
- Organize and facilitate normalization discussion (at an organizational level) after receiving appraisal ratings from business units/corporate and finalize the final ratings and increments.
- Resolve grievances and queries related to PMS and appraisals
**HR Policies**
- Assist in development of best in class HR policies & processes for PI in consultation with HR head mainly including key HR service policies (Work Norms, Travel, Relocation etc.) and employee welfare policies.
**Communication & Training**
- Collaborate with internal communication & T&D team to prepare communication decks and training modules to facilitate implementation and trainings for HR Policies / PMS / C&B to identified staff at the business unit level.***
**Audit & Post Audit Action**
- Develop, improve and implement PMS/compensation/HR policy process implementation audit to gauge compliance level at business unit and corporate level.
- Prepare and report compliance scorecard business unit/location wise and do action planning for improvement in conformance.
**Measurement & Analysis**
- Conduct trend analysis on PMS/Compensation, HR policy implementation through dipstick surveys, listening posts, interactions with BHR to identify improvement areas and scope for change in practices, policies & procedures.
**Financial Responsibilities**:
- Manage and maintain employee cost (salary & benefits) within budgeted levels
- Ensure adherence to annual increment budgets
**People Responsibilities**:
- Lead professional and career development through internal / external trainings for self and team.
- Ensure key positions in the team are staffed
**Education Qualification**:
- MBA in HR from reputed management institute**Work Experience**:
- Between 10-12 years of exp. of which at least 5 years should be in the area of C&B, PMS & HR policies**Industry to be Hired from**:
- Agri / Chemical industry. Experience working in large Corporate / MNC driving strategy is essential**Functional Competencies**:
- In depth Knowledge of concepts and practices in C&B
**Interaction Complexity and Team Work**:
**Interaction
**Frequency**
**Purpose of Interaction**
**Internal**:
MD/CEO. PI leadership team, Corporate HR,
BU HR, Admin, Finance
As an when required
For review, updates & approvals whenever required
For execution of C&B, PMS & HR policies
**External**:
Consultants, Auditors
As an when required
For information on best in class interventions in all 3 areas of C&B, PMS & HR policies, support in audits.
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