Job Title- Consulting Manager (based on fitment)
Solution Line- Talent Solutions Consulting
Team - Executive Compensation & Governance
Position type- Full Time
Work Location- Mumbai
Working Mode- In Office
Cab Facility- No
People Manager role: Yes
Required education and certifications critical for the role-
Smart Graduates/Post Graduates in related discipline (B.com/ BBA/BMS/B.sc Statistics, Math's, Economics, MBA, PGDM)
Required years of experience
- Post- Graduate with 7+ years of relevant experience.
- MBA from tier-1, tier -2, schools is an advantage
- Hand-on experience in Executive Compensation or Deep experience in broad- Rewards.
About Talent Solutions Consulting
Aon's Talent Solutions Consulting is one of the largest full spectrum HR consulting practices and is home to firm's rewards, talent assessment, and performance & analytics practices. We apply this expertise, and our market-leading workforce data, to help clients tackle transformational projects requiring integrated solutions to client problems. We develop insights on performance and people analytics - driven by our proprietary data, technology and advisory services - to help clients reduce volatility and improve outcomes.
Aon's Talent Solutions comprise of Performance, Rewards & Org advisory, Assessments Solutions and Aon's HR Learning Centre practices.
About Executive Compensation and Governance Team
Executive Compensation and Governance address critical Performance, Rewards and Select Talent Issues concerning Boards and Executive Management
- Integrated Executive pay, governance and equity lifecycle support.
- Aligning pay and performance because establishing an appropriate link between the two is what matters most to your people and shareholders
- Best-in-class data assets that go beyond the Top 5 and provide a consistent framework to evaluate other layers of executive management
- Deep sector expertise allowing us to understand the business issues and find solutions that work within the context of our competitive landscape
- Collaborative approach between the advisor, compensation committee and management, understanding that effective solutions can't be achieved unless all stakeholders are active participants in the process
Key Responsibilties
- You will be expected to research and understand Industry Archetypes and Business Models. You will apply this knowledge to advise and enable solution delivery on matters of Rewards, Performance and Talent to Boards and Executive teams. You will be expected to design business-aligned executive remunerations strategies.
- You will be expected to engage with clients on projects related to Senior/Top Management and Board compensation. These projects would typically be around structuring and benchmarking of CXO level pay and involves working with client representatives (typically senior HR executives like Head C&B, Head HR CEOs, Compensation Committees) in defining the right comparator group(s), collection of market data from primary and secondary sources, analysis of market data, report preparation and presentations to the top management and/or the Compensation Committee of the Board.
- You will also be expected to engage with clients in designing stock and cash based long term incentive programs for the senior management (or even for broad-based population). This shall include understanding the client's business context and financial plans, evaluating various possible plan alternatives, preparation of plan(s), discussions with management / board on cost implications from P&L (accounting) impact and dilution perspective, alignment with regulations (SEBI, Companies Act etc.), finalizing plan structures and assist in implementation.
- You will be expected to interface with Aon's advisory and advisory teams for integrated projects in the areas of broad-based compensation, talent assessments, talent advisory, HR effectiveness and organization effectiveness.
- You will be expected to develop a very strong understanding of relevant laws and regulations pertaining to executive compensation and share-based compensation (e.g. relevant sections of Companies Act, SEBI Regulations on Share Based Payments etc.) and be up to date with any changes.
- You will be expected to build the Governance business and engage with clients in the areas of Board Evaluation, trainings for Compensation Committees as per the requirements under Companies Act - 2013, SEBI Listing Agreement etc. and develop new offers in this field.
Technical Competencies for Project Leadership:
- Set the executive remuneration philosophy in line with the Business needs and Rewards Strategy
- Ensure alignment of senior executives performance to the business objective
- Differentiate between different LTI instruments and understand implications of each
- Select amongst stock-based instruments as per their relevance to organizational context
- Design eligibility criteria for the LTI plan considering factors like employee seniority or performance as per the context
- Identify LTI instruments based on the business priorities, entity type, permitted dilution and market conditions
Consulting Managers will also be additionally responsible for:
People management, typically a team of 3-4 colleagues.
Thought leadership, typically leading 2 research studies.
Revenue management
Strategic longitudinal HR Advisory
SKILLS/COMPETENCIES REQUIRED:
Ability to interact and manage expectations of C-suite executives
Exposure to below areas is an advantage:
Rewards, Consulting, Exposure to Financial Modelling, Experience on Strategic HR Projects
Any of the below professional qualifications is an added advantage
CA, CS, CFA, LLB.
Awareness of macro-economics, excel modelling and data-based storytelling
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