15 Aug
|
V-Mart Retail
|
Gurugram
15 Aug
V-Mart Retail
Gurugram
1. Market Competitiveness & Pay Structure Architecture
● Salary Benchmarking: Lead annual market compensation benchmarking for critical roles across HO,
zones, warehouses, and store operations using standard survey methodologies (Mercer, Aon).
● Market Positioning: Align pay structures to position compensation within ±5% of the market
median for 100% of critical roles to maintain market competitiveness.
● Pay Band Design: Architect and update grade-wise salary bands and pay ranges in line with the
organization’s redesigned organogram and job evaluation benchmarks.
2. Pay-for-Performance Architecture & Incentive Design
● Frontline & Sales Incentives: Design, simulate, and roll out variable pay schemes tied directly to
Sales Per Square Foot (SPSF), Cluster P&L;, and store conversion metrics.
● Skill & Certification Rewards: Formulate certification-linked reward frameworks (e.g., VM Captains,
Cluster Champions) and skill-based reward models for backend and store teams.
● Incentive Governance & Simulation: Conduct pre-launch financial simulations for 100% of incentive
plans to ensure target correlation , budget feasibility, and payout calculation accuracy.
3. Manpower Budgeting & Cost Governance
● Budget Monitoring: Govern manpower costs against AOP across Corporate and Store Operations.
● Increment & Bonus Cycles: Model, plan, and execute annual merit increment and bonus cycles on
schedule within allocated budget limits.
● Cost Forecasting & MIS: Oversee monthly manpower cost MIS reports (published by 5th working
day) and maintain quarterly cost forecast variance against actuals.
4. Total Rewards & Benefits Management
● Benefits Strategy: Evaluate, design, and manage comprehensive employee perks programs
across corporate, regional, warehouse, and frontline units.
● Awareness & Adoption: Drive employee awareness campaigns (≥ 90% target awareness) and boost
program utilization by at least 15% year-over-year.
● Satisfaction & Cost Control: Maintain employee benefits s
📌 Deputy Manager/Manger (Gurugram)
🏢 V-Mart Retail
📍 Gurugram