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Strategic Compensation and Benefits Manager

1 month ago

Mumbai, Maharashtra, India Glenmark Pharmaceuticals Full time

The Glenmark Pharmaceuticals team is seeking a seasoned compensation and benefits professional to drive strategic initiatives globally. This key role will focus on leveraging compensation and benefits as a driver of performance, retention, and engagement.

Key Responsibilities:

• Develop and implement standardized approaches to compensation across India, including pay structures.

• Research, establish, design, and maintain the company's pay system in line with philosophy.

• Provide global salary survey submissions and reporting.

• Develop and review pay ranges across global roles.

• Manage stakeholder relationships, including generalist teams, specialist teams, HR Service Delivery, and Business Support.

Manpower Budgeting:

• Support business units for global manpower cost budgeting processes.

• Create and present monthly predictive analytics forecasting end-of-year manpower costs and long-range manpower cost movements.

Compensation Analytics and Reports:

• Develop and review HR analytics and reporting for all functional areas, including C&B and Manpower Planning.

Employee Wellness:

• Plan, develop, and coordinate comprehensive employee wellness programs.

• Coordinate activities with internal teams and promote awareness and participation through creative strategies.

• Monitor program effectiveness and return on investment results.

• Develop and maintain partnerships with external agencies and resources.

ESG & Inclusion & Diversity:

• Plan and drive social (ESG) related actionables within the organization.

• Drive I&D initiatives globally.

• Annual reporting and participation in ESG surveys.

Educational Qualifications:

Masters degree in Human Resources or related field.

Knowledge and Skills:

• Strong understanding of business and people dynamics.

• In-depth knowledge of compensation, benefits, and their impact on business.

• Ability to drive decisions through data-based insights and analytics.

• Excellent project management and MS Excel skills.

The ideal candidate should have 5+ years of relevant HR experience, preferably in compensation and benefits.

The estimated annual salary for this position is ₹25-35 lakhs (approximately $30,000-$42,000 USD), depending on location and experience.