Job Description

Key Result Areas	Supporting Actions
Implementation of Performance Management practices	Drive performance management practices in the Organisation in line with the laid down processes Drive key milestones of performance management on HRIS like goal setting, mid year review and year end appraisal in a timely manner and also ensuring quality Liaise with functional heads, business leadership and HR BP team to ensure smooth and timely compliance with system Coordinate with training for educating employees on Performance Mgt online systems Audit of Goal Setting and performance reviews for ensuring quality of Goals as well as quality of employee and manager inputs
Implement Compensation & Benefit Practices	Implement compensation practices linked to salary structure, benefits, variable pay plan with a focus on continuous improvement Ensure all employees compensation and benefit scheme are applied properly and provide solutions on specific compensation related cases Gathering & Analyzing competitor data and related insights by participating in Compensation Benchmark Surveys as well as from other sources Assisting in designing and Implementation of variable pay plan and LTIPs and effectively manage the compensation pay mix to keep overall compensation attractive as well as cost efficient Roll out of any other rewards programme including Deferred Compensation Plans Manage the administration of ESOPs and employee benefit programs, including grant allocation, vesting, exercise, lapse tracking, and related governance activities.
Execute Annual Compensation Revision process for Onroll and Offroll employees	Assist in preparation of compensation-related proposal and salary increments simulations to facilitate compensation decisions. Execute Annual and Mid Term compensation revision (increments) Implement digitization initiatives on performance management as well as compensation review process
Implementation of Strategic Workforce Planning	Liaise with key stakeholders on preparation of SWP data including data on projection of key organizational metrics Lead compensation cost planning and forecasting, ensuring accurate budgeting and workforce cost projections, while partnering closely with Business Finance and other stakeholders for financial planning and analysis. Work along with C&B Head in revisiting key organizational metrics for role categories Maintain data in SWP template and share results with key stakeholders to manpower planning related decisions
Job Analysis & Evaluation	Manage the Job evaluation process Ensure role clarity across the organization by overseeing creation of the Job Descriptions of all positions to carve out the competency framework and aid the Job Evaluation process. Educate internal audiences on job evaluation and its impact

Team Member - Compensation and Benefits