Manager - PMS & Compensation - XLRI/TISS/SIBM/MDI/SCMHRD (2-8 yrs)

The Performance Management & Compensation Lead is responsible for driving the overall performance management and compensation strategy. This role is pivotal in aligning individual and organizational goals, fostering a high-performance culture, and ensuring competitive compensation practices for a workforce of 1300+ employees across multiple businesses.

The ideal candidate possesses strong analytical skills, strategic thinking, and exceptional stakeholder management abilities.

Key Responsibilities

1. Performance Management:

- Oversee the annual performance appraisal process, including goal setting, performance evaluations, and talent reviews.

- Drive the transition to a new performance management system (SF) and implement process improvements.

- Lead talent development initiatives, including assessment centers and people development forums.

- Partner with leadership to calibrate performance ratings and drive performance-based outcomes.

2. Succession Management:

- Develop and execute a robust succession planning process to identify and develop high-potential talent.

- Build a strong leadership pipeline for the division.

3. Compensation:

- Manage the compensation lifecycle, including salary reviews, short-term and long-term incentives, and benefits administration.

- Conduct compensation analysis and benchmarking to ensure competitive pay practices. Anchor the annual remuneration revision exercise.

- Partner with finance to manage manpower costs and budgets.

4. Manpower Planning:

- Develop and implement effective manpower planning strategies to support business growth.

- Create predictive cost models and identify cost-saving opportunities.

5. Organization Design:

- Ensure organizational structure aligns with business objectives.

- Implement talent management initiatives to build a high-performing workforce.

Personal Profiling

- 3 to 5 years of experience of performance management and/or compensation

- Strong communication and presentation abilities

- Exemplary interpersonal and mentorship skills, with the ability to easily interact with all organizational levels

- Ability to explain complex processes and employee development milestones in a clear manner

- Experience with interpreting performance data and statistics

- Excellent communication, interpersonal, and training skills.

- Proficiency in data analysis and reporting

Preferred Qualifications

- Should have a PGDM / MA in HR from one of these institutes - XLRI, TISS, SIBM, MDI, SCMHRD