Key Responsibilities:

Annual
Appraisals & Performance Management: Oversee the annual appraisal
process, ensuring timely and fair evaluations, salary increments, and
bonus distribution. Manage the performance management system (PMS) to link
employee performance with rewards.

Compensation
& Budget Management: Forecast and manage the compensation budget
to ensure financial sustainability while remaining competitive. Align
salary ranges and structures to market standards and internal equity.

Market
Benchmarking: Conduct regular market benchmarking (e.g., Aon, industry
peers) to ensure competitive salary and benefits offerings, reducing the
risk of talent attrition.

Bonuses
& Long -Term Incentives: Manage bonuses, LTIP, and phantom stock
schemes to align employee performance with organizational goals.

Benefits
Operations: Administer key perks like group mediclaim, life
insurance, car leases, and employee wellness programs. Ensure timely
processing and comprehensive coverage.

Regulatory
Compliance: Ensure adherence to regulatory guidelines (IRDAI, etc.)
regarding compensation and perks to avoid legal risks and penalties.





Stakeholder
Management: Collaborate with internal stakeholders (HR, finance,
leadership) and external vendors (insurance providers, consultants) to
align compensation programs with company objectives.

Executive
Compensation: Support the Nomination and Remuneration Committee (NRC)
with senior executive compensation decisions, aligning them with business
strategy.

Financial
Oversight: Optimize compensation and advantages costs through careful
financial management, vendor negotiations, and cost -benefit analysis.