Manager - Compensation & Benefit & Rewards - Electricals Industry (6-15 yrs)

Objectives of this role : The role focuses on designing competitive salary structures, benefits programs and reward & recognition initiatives aligned with the company's strategic objectives to ensure the organisation attracts, retains and motivates top talent.

Responsibilities:

- Develop, implement and maintain competitive compensation strategies, including salary ranges ad grades that align with market standards and business needs

- Conduct regular job evaluations, benchmarking and market analysis to ensure the competitiveness of salaries and other compensations.

- Oversee the annual salary review process, including merit increases, promotions and adjustments to ensure equitable pay across the organisation.

- Manage performance based incentive programs, including bonuses and other forms of financial recognition.

- Design, implement and manage employee benefits programs including health insurance,leave policies and other employee well-being initiatives

- Collaborate with external benefits vendors, payroll vendor & service providers to negotiate, select and manage benefits offerings.

- On board payroll processing vendor with employee portal access. Manage the monthly payroll and compliance.

- Develop and manage reward and recognition initiatives that celebrate employee achievements and milestones such as Employee of the month, work anniversaries and other recognition programs

- Foster a culture of recognition and positive reinforcement promoting employee engagement and loyalty through creative non-monetary rewards

- Effectively communicate recognition initiatives and reward programs across the organisation to encourage participation and visibility

- MIS Reporting & Budgeting

Qualifications & Experience:

- 6-9 years of experience compensation, benefits and reward & recognition

- Proficiency in HRM systems and compensation management software

- Bachelor's Degree in any stream or Human Resources, HR Certification or Masters in HR