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MyJobAlerts: Upcoming MBA Jobs

Date of Posting: 2nd April 2009
 
Job Title: Manager - Compensation & Benefits
 
Company Name:
A Leading Fortune 500 Group
 
Job Description:
Reports ro: - Head HR of that particular group.
Role: - The profile is into hardcore compensation benchmarking, compensation benefits & sales incentive structuring with one of the companies of the group.
Responsibilities: -
  • Ongoing improvement in Compensation-related processes maintained in MS Excel.
  • Handling the entire Performance Management Cycle including Annual & Half-Yearly Performance Appraisal, and identifying scope for enhancing the same.
  • Annual Salary Revision based on Market & Merit Increase.
  • Understanding the market trends on the overall percentage increase, variable pay percentage.
  • Preparing the new variable pay structure based on existing structure, new fixed to variable ratio decided by management.
  • Preparing new increment grids for increments based on the previous increment grids, market trends & company budget constraints.
  • Proposal of new compensation structure to have more tax friendly structure also with less administration cost.
  • Continuous comparison between compensation proposal with the company budget with respect to volume or cost variance, and highlighting the same to the management.
    •  
    Function: HR
     
    Company Profile:
    A Leading Fortune 500 Group
     
    Location:
    Mumbai
     
    Candidate Profile:
    Management graduates with atleast 6+ years experience with atleast 3-4 years in hardcore compensation benchmarking, compensation benefits & sales incentive structuring from any industry, and more so preferably from the financial services domain need to apply.
     
    Level: Middle Management
     
    Reference: CoolAvenues/0409/3042-Mgr-Comp/Ben
     
    Contact Information: Amrita Joshi,
    Value Consulting, India.
    E-mail: [email protected]


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