Lead - Performance & Rewards/Compensation Specialist - NBFC (8-14 yrs)

Hiring with a leading housing finance company (NBFC)

Job Location : Gurugram

Designation : Lead - Performance & Rewards

Qualification - MBA - HR

Experience - Minimum 8 Years

Key Responsibilities:

1. Compensation & Benefits:

- Participating in salary survey and doing Compensation Benchmarking

- Defining Salary Ranges and hiring guideline

- Define pay mix using LTI/ STI

- Formulate and execute a comprehensive employee benefits strategy in alignment with organizational objectives.

- Administer and refine employee benefit programs, ensuring competitiveness, compliance and adaptability.

- Monitor industry trends and proactively recommend adjustments to the benefits package.

2. Performance Management:

- Drive closure of performance management processes on HRMS to enhance individual and organizational performance

- Manage increments, promotions, salary changes, ESOPs, RSUs, and performance Bonus

3. Payroll:

- Exercise meticulous oversight of accurate and compliant payroll processes, collaborating closely with finance teams for reconciliation.

- Institute and manage advanced payroll-related systems to ensure efficiency and precision will releasing payouts.

4. Compliance:

- Ensure complete adherence to local state and employment laws and regulations.

- Provide all information systematic compliance audits, proactively updating HR policies to reflect legislative changes.

5. Employee Relations:

- Cultivate a positive workplace culture through sophisticated employee relations

- Address employee concerns, conflicts and grievances judiciously and promptly.

- Collaborate with stake holders to implement customised initiatives to create conducive work environment

6. Employee Insurance:

- Navigate and negotiate employee insurance programs, optimizing terms & premium and disseminating relevant information to employees.

- Collaborate with insurance providers to ensure optimal coverage and cost-effectiveness.

7. HR Technology:

- Evaluate, implement, and optimize cutting-edge HR technology solutions to streamline processes.

- Stay abreast of evolving HR technology trends, providing insightful training sessions to HR staff on effective tool usage.

8. HR Operations:

- Develop and implement streamlined HR operational processes to enhance overall efficiency.

- Oversee day-to-day HR operations, including off boarding and employee records management.

- Continuously assess and improve HR processes to align with organizational goals.

9. HR Policies:

- Organize training sessions or workshops to educate employees about company policies, procedures, and expected conduct.

- Create awareness and minimize the occurrence of disciplinary issues through policy snippets.