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Lead Compensation

2 weeks ago

Mumbai, Maharashtra, India Taggd Full time US$ 60,000 - US$ 1,20,000 per year

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)