AVP - Compensation, Human Resources - L6 - Mumbai (Intellion Square - HO)
2 days ago
POSITION
AVP Compensation (Rewards)
DESIGNATIONAVP
POSITION GRADEL6
DEPARTMENTHuman Resources
REPORTING POSITIONLead Performance & Rewards
WORK LOCATIONGoregaon (East), Mumbai. Corporate office
OBJECTIVE OF THE ROLEThe Compensation Specialist is responsible for assisting in the development, implementation, and management of the organization's compensation programs and policies. This role plays a critical part in ensuring that employees are fairly and competitively compensated, while also supporting the organization's overall talent management objectives. The Compensation Specialist conducts compensation analysis, administers salary programs, and provides expertise in compensation-related matters. This position is also responsible for ensuring that company compensation programs are consistently administered in compliance with internal policies and government regulations.
HOW Will YOU CONTRIBUTE TO THIS ROLEWeightage
- Conduct market research and analysis to benchmark compensation packages against industry standards and competitors.
- Participate in salary surveys to gather external market data, identify trends, outliers and recommend area for improvement & adjustments and ensure the organization's compensation practices remain competitive.
- Prepare reports and recommendations based on compensation analysis to support decision-making.
- Assist in the development, administration, and communication of compensation programs, including salary increases, bonuses, and incentives.
- Develop and manage the compensation and benefits management budgets. Monitor expenses and optimize resources to achieve departmental goals.
- Assist in the evaluation and classification of jobs within the organization to ensure internal equity.
- Review job descriptions to determine appropriate salary ranges and job classifications.
- Maintain accurate job documentation and salary structures.
- Provide guidance to HR and managers on salary-related matters, including salary offers, promotions, and adjustments.
- Ensure that compensation practices adhere to legal requirements and industry standards. Stay informed about changes in labour laws and relevant regulations related to compensation.
- Maintain accurate and up-to-date compensation data in the Human Resources Information System (HRIS) or compensation database.
TOTAL 100 PERCENT
MUST HAVE- Education: Graduate/Post Graduate
- Work experience in years: Minimum 3 years working experience on Compensation & Benefits or Analytics.
- In-depth knowledge of compensation principles, performance management best practices, and relevant employment laws.
- Expert knowledge in Excel, PowerPoint (making and delivering presentations).
- Ability to develop and maintain effective working relationships with various stakeholders.
- Proficiency in HRIS (Human Resources Information System) and data analysis tools.
- Quick response time to queries.
- Collaboration in working with cross functional teams and solution-oriented behavior.
- Reports, analytics and MIS and data driven decision-making skills.
- Excellent communication and interpersonal skills.
- Problem Solving and Critical Thinking, Collaborative, Influencing Skills.
- Strong Networking skills.
Expert or Intermediate or Beginner: Expert
LocationsKLI - Mumbai - Intellion Square - HO, Mumbai, Maharashtra, India
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