Compensation & Benefits - Mumbai

Role & responsibilities

• Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our companys strategy and business goals
• Develop a consistent compensation philosophy in line with work culture and organisational objectives
• Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)
• Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations
• Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees
• Prepare job descriptions, job analysis, job evaluations and job classifications
• Participate in salary and labour market surveys to determine prevailing pay rates and benefits
• Differentiate pay systems to invest in the segments of workforce that contribute the most value
• Deploy effective communication strategies and success metrics
• Conduct ongoing research into emerging trends, issues and best practices
• Conduct periodic audits and prepare reports.