Job Name : Senior Manager
Salary : 20000 – 21000 a Months
Exp: 0 – 2 years
Company Name : Paytm
Location : Noida, Uttar Pradesh
Qualification : Graduation
Language : English/Hindi
Job Info –
This role will be responsible for supporting implementation of broad range of reward practices & policies for the organisation. This role is a key subject matter expert of the Compensation and Benefits functions locally; the role provides local insights, consultation and advice to Human Resources Business Partners and the senior business leaders as required.
Key responsibilities (describe key responsibilities in order of importance and specify the approximate amount of time, e.g. in % related to the typical business cycle)
Compensation Benchmarking: Ensure external competitiveness of internal salary ranges by benchmarking against comparators
Conducts and analyzes survey results to assist in comparing compensation and benefits plans, Participates in development of compensation and benefits policy.
Managing the Annual increment and incentive programs.
Annual planning, forecasting and budgeting exercises for all direct costs for employees (salary and benefits, annual increments, incentives, rewards and awards programs).
Annual Salary review exercise and administration of compensation review process cycle; off-cycle pay adjustments
Monitors compensation trends within the organization and provides analytics to support operational efficiency
Talent Strategy: Work with business HR on talent attraction/ retention strategies by providing inputs on aspects like salary scale, hiring range, retention bonus, joining bonus, etc.
Provide ongoing support to line managers and HR on operations matters related to compensation
Compensation Programs: Keep abreast with new trend and best practice in C&B field. Participate in designing and revision of compensation-related policies and procedures
Understanding of Country compliance,acts and regulations, Ensure that compensation practices are in compliance with current laws and regulations.
Qualifications & Functional Knowledge
Education
- Masters: MBA in Human Resource.
Relevant experience required (i.e. directly linked to the requirements of the position/role)
- Specialist with a minimum 10-12 years of experience in C&B
Specialized or cross-functional knowledge / relevant experience required by the position/role
In-depth knowledge of concepts & principal of India compensation & benefits, employment acts, other companies’ compensation & benefit programs. Data Analytics, Well versed with MS Excel.
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