Careers

Manager

Compensation & Benefits

Roles and responsibilities

Roles and responsibilities

    • Responsible for designing and implementing the compensation & benefits strategy for the FirstMeridian and its group companies in accordance with the organizational objectives and work culture.
    • Responsible for formulating the processes / programs / salary structure as per the governing laws.
    • Responsible for creating proposals / polices and making amendments in existing policies viz. impact of new labour Code on existing C&B policies.
    • Conducting the salary benchmarking and providing the inputs regarding competitors practice and conducting a comparative analysis with the FirstMeridian Policies and implementing the changes accordingly.
    • Conducting ongoing research about emerging trends as well as best practices in the market.
    • Conducting analysis of existing C&B processes/policies and entitlement and drawing inference and suggesting approach for harmonization in M&A environment.
    • Working on automating the C&B module and leading the change management process at the time of technology implementation and training all the stakeholders for effective implementation of the C&B module.
    • Conducting the Job Evaluation exercises to create National Band/Grades and implementing the same by influencing the senior stakeholders across Group Companies and making effective communication plans for employees at large.
    • Ensure that compensation practices are in compliance with current laws and regulations.
    • Responsible to plan C&B cost for annual planning, monitoring, and controlling the cost.
    • Responsible for working on various benefit plans like Mediclaim, Covid related coverages, Term Life and Group Personal Accident, Employee State Insurance Act & Maternity Benefit Act etc, by connecting with the insurance providers, getting the quotes, and negotiating for best premium rates.

 

JOB TYPE

Permanent

JOB LOCATION

Marathahalli, Bangalore

JOB POSTED

August 30, 2022

EXPERIENCE

5 to 8 Years

FUNCTION

HR

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