Job Description

Manager - Compensation and Benefits

- To be part of compensation management exercise

- To plan compensation interventions including fixed pay, variable pay, ESOPs, LTIs etc.

- To implement the compensation strategy and liaison with various stakeholders viz. Ops/ Payroll/ Reporting

- To undertake/ be part of comp. benchmarking exercise

- To Exercise control to ensure all processes are well defined and adhered to, for optimum compliance

- To be part of various exercises/ activities viz. Annual Performance Review, Director\'s report, Executive compensation, Job evaluation, Board matters, Hiring grid, Market Insight, Policy design, Payroll inputs, Regulatory reporting etc.

- As part of Value adding contributions, s/he will be responsible for Analytics, Process improvement, Reporting & MIS and Automation.

- Work with insurance companies, brokers, and bank\'s management in administering the benefits plans, Share Linked Instruments (Stock options), identifying new or better benefits / insurance plans.

- Review and Administration of Benefits policy like Company Car, Club Membership, Staff Home Loan, etc.

- Hands-on work experience with the administration of insurance plans (Group Medical Insurance, Group Personal Accident Insurance, Group Term Life Insurance), NPS/other retirement/ pension plans

- To liaison with the BHR team for effective and efficient execution of various compensation programs

- To be involved for activities pertaining to market intelligence and insight

Minimum Qualifications :

- Master\'s degree in Human Resource Management

Experience : 5-15 Years of total experience in Compensation & Benefit domain

Language Skills :

- Written and spoken English is essential

System Skills :

- Should be highly proficient with MS Office, with special mention of MS Excel

- Should be able to take part in new technology/ platform implementation

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