Team Member - Compensation and Benefits (India)

Team Member - Compensation and Benefits (India)

11 Aug
|
Aditya Birla Group
|
India

11 Aug

Aditya Birla Group

India

Key Result Areas

Supporting Actions

Implementation of Performance Management practices

- Drive performance management practices in the Organisation in line with the laid down processes
- Drive key milestones of performance management on HRIS like goal setting, mid year review and year end appraisal in a timely manner and also ensuring quality
- Liaise with functional heads, business leadership and HR BP team to ensure smooth and timely compliance with system
- Coordinate with training for educating employees on Performance Mgt online systems
- Audit of Goal Setting and performance reviews for ensuring quality of Goals as well as quality of employee and manager inputs

Implement Compensation & Benefit Practices

- Implement compensation practices linked to salary structure, perks, variable pay plan with a focus on continuous improvement
- Ensure all employees compensation and benefit scheme are applied properly and provide solutions on specific compensation related cases
- Gathering & Analyzing competitor data and related insights by participating in Compensation Benchmark Surveys as well as from other sources
- Assisting in designing and Implementation of variable pay plan and LTIPs and effectively manage the compensation pay mix to keep overall compensation attractive as well as cost efficient
- Roll out of any other rewards programme including Deferred Compensation Plans
- Manage the administration of ESOPs and employee benefit programs,



including grant allocation, vesting, exercise, lapse tracking, and related governance activities.

Execute Annual Compensation Revision process for Onroll and Offroll employees

- Assist in preparation of compensation-related proposal and salary increments simulations to facilitate compensation decisions.
- Execute Annual and Mid Term compensation revision (increments)
- Implement digitization initiatives on performance management as well as compensation review process

Implementation of Strategic Workforce Planning

- Liaise with key stakeholders on preparation of SWP data including data on projection of key organizational metrics
- Lead compensation cost planning and forecasting, ensuring accurate budgeting and workforce cost projections, while partnering closely with Business Finance and other stakeholders for financial planning and analysis.
- Work along with C&B; Head in revisiting key organizational metrics for role categories
- Maintain data in SWP template and share results with key stakeholders to manpower planning related decisions

Job Analysis & Evaluation

- Manage the Job evaluation process
- Ensure role clarity across the organization by overseeing creation of the Job Descriptions of all positions to carve out the competency framework and aid the Job Evaluation process.
- Educate internal audiences on job evaluation and its impact

📌 Team Member - Compensation and Benefits (India)
🏢 Aditya Birla Group
📍 India

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