Team Member - Compensation & Benefits - Chemicals Business (2-6 yrs)

DESIGNATION - Team Member - Compensation & Benefits

DEPARTMENT - HR and Admin

REPORT TO : Lead OD, L&D, Compensation

LOCATION : Kolkata

MBA - HR from Tier II Business Schools

Budget: 6-12L

Role Purpose:

KEY RESULT AREAS:

- Driving Compensation & Rewards Operating & Maintaining reward strategy as per the Organization's People philosophy

- Communicate Principles and Philosophy of Compensation & Benefits (including Salary Review) to relevant stakeholders

- Designing increments in line with the defined compensation policy.

- Performing the salary benchmarking study. (As per internal and external parity) 100% implementation of new compensation structure & rewards

- Compliance Alignment of Compensation and reward structure in line with existing regulatory compliance. Continuously updating the compensation philosophy of the organization to be compliant with relevant labour codes.

- New Candidate Offer preparation Designing offers as per the defined Compensation & Benefit (C&B) structure on Success Factors Platform Handling offer negotiation and strengthening our employer brand TAT of two working days.

- PMS Execution

- Driving our Business performance through - B2MOM process model Conducting Goal Cascading Workshops across locations for effective goal setting in line with Organizational Vision Conducting Goal Audit in line with SMART goal formation and employee development objective Driving Mid-Year review and Annual Appraisal Cycle Driving the Annual Reward Cycle

- Increment, markest corrections and promotions. Driving employee feedback discussion. Conducting Workshops across locations. Ensuring goal setting and appraisal cycle closure 100% coverage across plants On-time completion.

- Mid-Year Appraisal Launch - Launch of the mid-year appraisal process on Success Factor (SF) and collecting feedback Implementation by September and closed by October

- Digitization of annual compensation cycle Understanding the compensation cycle at our Digitizing process for better effectiveness 100% implementation of action plans as per agreed timelines. Annual Budgeting Responsible for Annual Manpower Budgeting Monthly review of Variance Adherence to Approved Budget