Lead Compensation

4 days ago

Mumbai, Maharashtra, India Taggd Full time
Role Purpose - The role holder enables attraction, engagement and retention of right talent for business needs, by designing and implementing remuneration & rewards frameworks, policies and packages, that are market competitive, uphold meritocracy, sustainable and aligned with the company's strategic objectives. It is an end-to-end solutions role covering all aspect to ensure a successful remuneration and rewards management

Accountabilities:

- Identify and execute C&B interventions and facilitate organization to attract, motivate and retain best in class talent.
- These interventions can be across pay positioning, remuneration structure, incentive design, cost and productivity metrics, job evaluation, policy design etc.
- Annual remuneration review and variable pay processes.
- Engage with identified external consultants and conduct market assessments and benchmarking projects.
- Design and implement variable pay and incentive schemes across levels
- Benchmark organization benefit offerings against industry standards and best in class market practices. Design and improve benefit programs across organization.
- Regular Analytics and Dashboarding related to Remuneration, Budget etc.
- Track headcount and employee cost budget and proactively identify issues and action plan.
- Monitor and ensure process adherence for all remuneration and benefit programs across the organization.
- Identify and track key productivity and cost metrics

Educational Qualifications & Experience:

- MBA from Tier 1/1B Institute with 2 to 5 years of relevant experience.
- MBA from other institutes with 4 to 6 years of relevant experience.
- At least 2-year experience in Compensation & Benefits if coming from industry (non-consulting)

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