02 Oct
|
Apparel
|
Guwahati
Job Description
Job Purpose
To ensure that timely and accurate payroll data is shared with the Payroll processing team for correct dispersalof salaries to employees for maintaining a satisfied and dedicated workforce.
Job Context & Major Challenges
Job Context: The market size of the domestic apparel retail industry is currently estimated to be at 1.9 Lac Crore Rupees per annum and is estimated to grow at a CAGR of 10% per annum. The depth and width of the business can be estimated by the share of the urban ready to wear market which is a meager 28%.
The industry is witnessing heightened levels of activity with existing players consolidating themselves through partnerships, inorganic growth and new foreign players entering the Indian market, thanks to the traction being witnessed on the much awaited FDI policy of the government. Acquisition of Pantaloons Fashion Retail Ltd. (PFRL) by ABG completes a significant milestone for the apparel business. It has allowed the apparel business to enter the value segment of the ever growing and ever complex Indian retail market for apparels. It also marks the foray of the ABG apparel business in the women?s and kids category, and areas of limited strength currently. Significant amount of time and resources were invested in concluding the Spring Summer 13 and Autumn Winter 13 ranges, significant steps of which were already initiated by the former promoters, Future Group. Spring Summer 14 and Autumn Winter 14 and beyond would be seasons where the current management team of Pantaloons would have complete planning, delivery, accountability.
With 80 pantaloons stores and 25 PFOs, along with aggressive expansion plans, scaling up operations requires a tremendous amount of planning, execution excellence, and inter functional coordination.
Creating newer brands built on a fine balance between product quality and price, effective operations management, concept to consumer translation for creative functions, strategically sound planning, merchandizing and pricing, effective human resource management, and commercial acumen will be critical factors towards the success of the organization.
PFRL being a listed company, corporate governance, compliances and investor relations is also key to the success of the organization
Pantaloons is en-route to establish itself as a fashionable brand catering to multiple segments. Upholding the brand promise to the discerning customer who is spoilt for choice is a major challenge for the role holder. In a market which is fast getting inundated with international brands, highlighting the brand and attracting customers to the store is critical.
It is critical for a core function like Operations, to be aligned to the external and internal customers of the organization. Working in close coordination with other functions requires thorough understanding of the business, conceptual clarity for the category function and a clear line of sight for the future objectives of the organization.
The range of offerings and PFRL is complex, diverse and each brand has a unique/ differentiated ethos which needs to be translated into an appropriate product with targeted Gross margins Superior control on work processes & enabling quicker controls for reviewing and changing with lateral thinking is required for the effective delivery of the position. Job Challenges The following are the major challenges faced
1. Meeting deadlines and ensuring accuracy at the same time
2. Coordinating with a large population of SPOs to drive recent initiatives / execute processes
3. Ensuring sound communication to a large population at a single point of time
4. Ensuring confidentiality and respecting the sensitivity of the data as a process owner
Key Result Areas
KRA (Accountabilities) (Max 1325 Characters)
Supporting Actions (Max 1325 Characters)
KRA1
Deriving payroll inputs for zone to ensure accurate and timely delivery for salary processing
1. Monitoring various Payroll Inputs being processed
along with the salary payout every month.
2. Monitoring and checking the various Statutory
Validation like PT/PF/ESIC/LWF being updated in HRMS for every employee
3.
Cross Verification of the Payout details of every employee.
4. Monitoring and sharing the attendance updation trend with the stake holder at stores.
5. Monitoring the CTC updation of new hire in HRMS and correction wherever required
KRA2
Monitoring the laws related to
Compensation and adhering to
Statutory Compliances for smooth
operation
1. Keeping a check on Minimum wage revision in state
2. Monitoring and correction of Wages as per the
Minimum Wage notification of respective state.
3. Monitoring and ensuring pay-out of the Arrears for
affected months
4. Monitoring of Various Validation for PT/PF/LWF/ESIC
checks in HRMS
KRA3
Calculating, providing inputs and embedding the perk in payroll for ensuring the timely and accurate processing of payroll
1. Acting like a bridge between Store SPOs and Business
Intelligence team for Sales Achievement figures and Perk
calculations.
2. Monitoring and validating the final perk payout
3. Ensuring Perk Inputs to be considered in respective
Payroll Month.
4. Identifying errors in calculations and updating the
SPOCs about the same.
KRA4
F&F; process for complete settlement of accounts of employees who exit the organisation
1. Monitoring the full and final settlement for all the exited
employees
2. Ensuring all the pending pay-outs for exited employees
to be considered in full and final settlement.
KRA5
Strengthening the PMS process by incorporating the inputs in the payroll for the year
1. Supporting Annual Salary review process.
2. Formulating the revised compensation as per the
defined guidelines and earned rating.
3. Monitoring and presenting the CTC impact basis pre
and post PMS compensation.
4. Ensuring updating of revised compensation in HRMS.
5. Designing and disbursement of revised annexure to
appraised employee base.
KRA6
Ensure accurate update of HRMS related to payroll processes to keep it intact and dependable
1. Monitoring the employee data being updated in HRMS
through various reports.
2. Driving the Data correction through respective HR
SPOCs at locations
3. Assisting the Zonal stakeholders in HRMS related issues resolution.
📌 SPO-Guwahati
🏢 Apparel
📍 Guwahati