AVP/ Senior Manager – Compensation

4 weeks ago


gurgaon, India Canara HSBC Life Insurance Full time
Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function HeadDesign, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement benefits.Work with senior management to ensure that compensation and benefits programs support the organization's business objectives and meet all legal requirements.Develop compensation and benefits budget for assigned areasLead various projects under the C&B domain such as compensation bench-marking surveys, annual increment cycles, performance bonuses, sales incentives, etc.Monitor & govern the bi-annual performance management activities complianceDevelop a comprehensive policy framework covering all elements of an employee life-cycleCompensationAnnual Pay review\ JE and salary benchmarking | Ensure external competitiveness of compensation by benchmarking the same with the identified comparator basket through the identified partner | Design, obtain recommendations & approvals from stakeholders to execute the annual compensation review process | Assist in annual job matching exercise | Managing & closing C&B benchmark surveys with the identified partner | Analyzing the reports and maintaining documentation and share with ExCo member as per relevance | Annual Appraisal Letters preparation & rollout | Providing monthly CPP & IJP increments to BHR teamBenefitsManage End to end Employee Insurances (GMC, GPA, GTL) | Car Lease Program Management & Vendor liaison | Manage end to end annual Executive Health Check for Employees Pan India | Wellness Initiatives | Governance for Club Membership for SMT | End to endPerformance ManagementDriving Goal Setting & Goal evaluation exercise for H1 & H2 | Administering PMS module for Zing HR | Managing employee & other stakeholder queries and providing timely resolution | Periodic assessment of PMS process for enhancement | Assist Function Heads in PMS Cycle closure | Drive Goal Setting for the leadership groupCEO Compensation ManagementEnd to End administration of salary & benefits | Ensuring timely Payroll processing, Salary reimbursements & variable payouts | Ensuring all the payment such as bonus etc happens post IRDAI approval | Monthly sign off from taxation team | Preparation of Form C & other documents for filing with IRDAIIRDAI ComplianceManaging IRDAI regulatory requirements related to CEO & KMP | IRDAI compliances sign off monitoring through CMT | Bi Annual compliance audit | HR Monthly sign off sheet | Liaison with compliance team for various regulatory requirements | Handling KMP form-1 & form-2


  • gurgaon, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function Head Design, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...


  • Gurgaon, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function HeadDesign, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...


  • gurgaon, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function HeadDesign, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...


  • Gurgaon, India Canara HSBC Life Insurance Full time

    Conceptualize and design HR Policies, Rewards and Recognition Schemes and various other compensation & benefits initiatives under due guidance of the Manager & Function HeadDesign, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement...

  • Avp

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