Address- Lead development of total rewards philosophy in line with overall HR strategy, and business objectives
- Assist in development of global compensation and benefits & HRIS budgets and ensure adherence to the budgets
- Contribute to development of global strategies and policies from Compensation & HRIS considerations - Drive implementation of Compensation & Benefits strategy and ensure compliance with applicable statutes, legislations and market competitiveness
- Create / re-design compensation and benefits structure and collaborate with Finance team to understand financial constraints of the organization; Ensure tax-effectiveness of Compensation & Benefits structure
- Devise rewards plans (short term and long term incentive plans) and submit the same for consideration of the Senior Management
- Engage with OD and L&D team to ensure alignment of variable pay components to individual performance as observed in PLVA cycle; Develop guidelines for increment model and ensure alignment with compensation philosophy and market positioning
- Coordinate with third party specialists / consultants for annual compensation and benefits benchmarking surveys, and integrate relevant aspects into SCIL compensation to ensure competitiveness
- Periodically evaluate cost effectiveness and competitiveness of current compensation programs; Implement changes when necessary, in consultation with Senior Management- Lead Compensation & Benefits administration process and ensure that policies, procedures, and reporting practices comply with corporate governance standards and applicable legislations
- Establish governance mechanisms & process control measures to ensure accurate computation of compensation (salaries and incentives) and appropriate delivery of benefits
- Establish Compensation & Benefits queries/ issue resolution mechanisms; Ensure timely resolution of issues and provide inputs for resolution of complex issues
- Guide site HR teams on compensation and benefits related policies & processes; Partner with site HR / HR Generalists for process improvements to ensure effective delivery of compensation
- Service Delivery
- Ensure timely payment of salaries, accurate disbursal of Benefits Leading to full and final settlements and issue of appropriate documentation to employees
- Plan and roll-out annual increments in consultation with Senior Management aligned to budgets, compa ratio targets, market positioning and individual performance vis- vis current pay status
- Lead creation and delivery of training and information sessions on Compensation & Benefits for site HR, HR Generalists and employees; Guide development of Compensation & Benefits communication materials/ documents
- Maintain business relationships with employee benefits providers and review performance to ensure adherence to SLAs; Take measures to improve performance
- Develop key performance metrics for designated compensation processes; Measure and analyze the effectiveness of compensation programs and process delivery- Policies & Processes
- Develop user friendly HRIS policies and processes in alignment with business requirements and management guidelines; Enable Human Resources to achieve performance excellence
- New HRIS Projects
- Collaborate with HRIS users (internal customers) to understand business requirements and ensure integration of relevant aspects into the HRIS system
- Assist in the review, testing and implementation of HRIS system upgrades or patches in collaboration with IT
- Ensure HR Team members are trained on new processes/functionality; Ensure the accuracy and completeness of process documentation and user instructional materials
- Establish grievance redressal mechanisms and define resolution cycle times for timely and effective resolution of HRIS issues
- Evaluate systems performance on periodic basis and suggest ways to improve systems performance; Monitor the status of change requests
- Lead the development and monitoring of performance metrics; Lead continuous improvement initiatives by tracking and incorporating new technologies
