16 Aug
|
OKAYA
|
New Delhi
To support the Compensation & Benefits, HR Analytics and HR MIS function by managing compensation-related processes, salary review, variable pay, manpower cost analysis and HR reporting. The role will be responsible for ensuring accurate, timely and data-driven execution of C&B; processes and providing analytical support to HR and business stakeholders.
Key Responsibilities
1. Compensation & Benefits
- Support the administration of the organization's compensation and benefits programs in line with established policies and guidelines.
- Conduct salary benchmarking and compensation analysis to support C&B; decisions.
- Support the annual salary review/increment process, including data preparation, simulations, cost analysis and implementation.
- Maintain and update salary structures, grades, bands and compensation-related databases.
- Support administration of variable pay and incentive programs, including eligibility assessment, calculations, simulations and payout processing.
- Prepare compensation analysis for new hires, promotions, transfers, revisions and other employee movements.
- Support administration and analysis of employee benefits including PF, gratuity, insurance, company car, flexi benefits and other perks.
- Prepare periodic compensation and benefits reports for management review.
2. HR Analytics & Data Management
- Prepare and maintain HR MIS, dashboards and reports for HR and business stakeholders.
- Analyze HR data relating to:
- Headcount
- Manpower cost
- Compensation
- Performance
- Employee movements
- Provide data and analysis to support HR decision-making and management reviews.
- Ensure accuracy and consistency of HR data through appropriate validation and reconciliation checks.
- Develop and maintain standardized HR reports and dashboards using Advanced Excel and,
where applicable, Power BI.
3. Manpower Cost & Budgeting
- Support preparation of the annual manpower and compensation budget.
- Prepare manpower cost projections based on approved manpower plans and compensation assumptions.
- Conduct actual versus budget analysis and highlight significant variances.
- Prepare cost simulations for salary revisions, new positions, promotions, restructuring and other compensation changes.
- Support HR in analysing the financial impact of manpower and compensation decisions.
4. Payroll & C&B; Governance
- Coordinate with Payroll to ensure accurate processing of salary, incentives, benefits and other compensation-related inputs.
- Validate payroll inputs relating to compensation changes, employee movements and benefits.
- Coordinate with Finance, Payroll and HR Operations for reconciliation and resolution of payroll/C&B-related; issues.
- Maintain appropriate documentation and controls for compensation-related processes.
- Support implementation of changes arising from labour laws, statutory requirements and taxation impacting compensation and benefits.
5. HR Systems & Digitalization
- Ensure C&B; data in HRMS is up to date and accurate.
- Support HRMS enhancements and implementation of compensation-related processes.
- Identify opportunities for automation and simplification of HR reports and C&B; processes.
- Develop and maintain Excel-based tools, trackers and dashboards for C&B; and HR analytics.
6. Policies & Process Improvement
- Support implementation and administration of C&B; policies, guidelines and processes.
- Ensure adherence to approved C&B; policies and processes.
- Identify opportunities for process improvement, standardization and automation.
- Support the Head Performance & Rewards in developing and implementing new reward and benefits initiatives.
📌 Hr Analytics Manager (New Delhi)
🏢 OKAYA
📍 New Delhi