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Sr. Manager - Rewards
Glenmark Pharmaceuticals
posted 1mon ago
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Flexible timing
Key skills for the job
Job Description
The Compensation and Benefits function is requiredto leverage compensation and benefits as a strategic driver of performance,retention and engagement globally. It focuses on the governance of totalmanpower cost of the organization including compensation, benefits, variablepay programs and other mechanisms. The role is expected to drive effectivenessin ensuring a standardized approach to compensation across India including paystructures, contracts, hiring ranges. This role will also be responsible forresearching, establishing, and designing maintaining a companys paysystem as per philosophy. Exposure to salary bench-marking survey, leadingannual increment / bonus payouts. Therole holder will also be responsible for annual manpower budgeting processincluding automation, predictive manpower analytics and manpower long rangeplans. Responsibilities: CB Programs:
o Coordinates CB processes like the salaryplanning, bonus planning, new benefits introduction, etc. for India
o Review and implement changes in Compensationstructure in the preview of changes taking place in Labour laws and otherregulations and best practices followed in the market.
o To analyse compensation data in light of marketbenchmarks and advice senior management on budgetary decisions
Design compensation structures that are compliantand tax effective. Trains line managers in the complex usage ofdifferent Compensation Benefits policies Conduct ongoing research into emerging trends,issues and best practices Conduct periodic audits and prepare reports Designs and develops compensation policies Leads and manages compensation projects for theentire organization Support business units for India manpower costbudgeting process Supports the Global Manpower Consolidation Reporting Periodic review and publishing of variances in theGlobal Manpower Budgets Compensation Analytics and Reports Data Integrity of employee database in HR Systems Design best in class compensation analytics todrive data backed decisions Partner with business units in specificintervention aligned to business requirements Asan SME, introduce best in class best compensation management practices Educational Qualifications
Master sdegree in Human Resources 8+ year s relevant HR experience. Knowledge and Skills ( In-depthunderstanding of compensation, benefits as a driver of business. Thoroughunderstanding of contemporary compensation and benefits practices in India Abilityto drive decisions through data based insights and analytics ExcellentProject Management and MS Excel skills. Comfortwith in working with management with high influencing skills Excellent Communication skills, both written andspoken Abilityto effectively interface with multiple Highly organized and disciplined self-starter whois able to prioritize multiple tasks and deliver to deadlines.
Ability to work with multiple audiences, whilebuilding strong personal networks across a complex, consensus-drivenorganization Exceptional attention to detail highly organizedwith excellent follow-through and delivery Employment Type: Full Time, Permanent
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(based on 84 Glenmark Pharmaceuticals interviews)
Referral
Job Portal
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Company Website
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Recruitment Consultant
30%
23%
20%
8%
4%
2%
13% candidates got the interview through other sources.
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What people at Glenmark Pharmaceuticals are saying
Rating based on 20 Manager
reviews
Anonymous · Regulatory Affairs
in Mumbai
Likes
Excellent
Dislikes
Nothing to say about dislikes, it is a very good organization
Read 20 reviewsManager salary at Glenmark Pharmaceuticals
reported by
115
employees
with 11-19
years exp.
₹11.1
L/yr - ₹23.2
L/yr
12%
more
than the average Manager Salary in India
View more details
What Glenmark Pharmaceuticals employees are saying about work life
based on 2.7k employees
Flexible timing
Monday to Saturday
Within city
Day Shift
Glenmark Pharmaceuticals Benefits
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