Job Details

• Prepare the annual C&B budget for assigned areas and manage the same
• Ensure the C&B programs comply with statutory, tax and regulatory requirements
• Ensure that the C&B program costs are in line with the organizations objectives,culture, and philosophy.
• Design, develop and implement salary, bonus and benefits packages for all employees.
• Manage all payouts monthly payroll, bonuses, commissions, incentives and other employee benefits like insurance, gratuity, retention plans etc.
• Do Annual C&B surveys and periodic Peer comparison and bench-marking exercises to review the gross and net remuneration packages which are offered for employees across the retail industry and benchmark them with peers.
• Analyze the data and make recommendations to management about tweaking the C&B packages based on market Percentile positioning and implement the same once approved.
• Ensure parity in compensation packages for employees with the same level of experience and responsibilities, especially where no quantitative performance criteria have been set.
• Make recommendations to managers regarding salary fitments and bonuses.
• Design and manage GNBs Rewards and Recognition programs.
• Create and implement employee welfare programs in line with  policies.
• Collaborate with external vendors like Insurance brokers, bench-marking agencies and benefits vendors.
• Manage the complete benefits enrolments, renewals and payout process.
• Share periodic MIS reports and insights with key management stakeholders
• Coach, train, motivate and develop team members.

• Annual C&B surveys and periodic Peer comparison and benchmarking exercises.
• Annual C&B planning, budgeting and implementation
• Salary Range review, rationalization and fitments
• Payroll, Performance, Commissions, Incentive and Reward plan payouts.
• Pay parity analysis and merit review exercises
• Certifications like CCP or similar from SHRM/HRCI would be a distinct advantage.
• Should have independently handled the C&B function and managed a small team.
• Should have experience in liaising with external agencies for C&B benchmarking.
• Should possess good communication and interpersonal skills.
• High proficiency in MS-Excel and PowerPoint is required

Reference Id:- GH/CRS/JC//13062018//76325/MANAGER - COMPENSATION & BENEFITS