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What are we looking for
We are seeking a dynamic and detail-oriented individual to support and lead
Compensation & Benefits (C&B) programs. The incumbent will work closely with
internal stakeholders, ensuring data-driven decision-making, market
competitiveness, and seamless execution of core C&B initiatives. The role requires
the ability to independently manage programs while engaging with senior
management on critical projects.
What does the job entail
Compensation Program Support:
Provide strategic and operational support across various compensation
programs including, but not limited to, annual appraisals, salary revisions,
and retention proposals. Ensure accurate execution, adherence to timelines, and alignment with
internal policies and external market trends.
Market Benchmarking:
Assist in conducting compensation surveys and market benchmarking
exercises to maintain competitive reward structures.
Analyse findings and contribute to recommendations on compensation
adjustments.
Data Analysis & Reporting:
Proactively analyse compensation programs, payroll data, and benefits to
identify trends, risks, and improvement opportunities.
Independently manage the creation and publication of C&B dashboards
and periodic reports. Provide actionable insights to support leadership decision-making.
Employee Communication & Query Management:
Ensure clear, consistent, and transparent communication of C&B programs
to employees.
Manage employee queries within defined TAT, identify process gaps, and
suggest systematic fixes to improve efficiency and employee experience.
Stakeholder Management:
Collaborate closely with HR business partners, Finance, and leadership
teams to provide program support and operational guidance.
Serve as the subject matter expert (SME) for compensation-related
discussions.
Budget Monitoring:
Support the tracking of C&B budgets and program expenditures, ensuring
effective cost management and reporting.
Role: C & B Management
Industry Type: Insurance
Department: Human Resources
Employment Type: Full Time, Permanent
Role Category: Compensation & Benefits
Education
PG: MBA/PGDM in HR/Industrial Relations
HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.
On April 4, 2022 the merger of India€™s largest Housing Finance Company, HDFC Limited and the largest private sector bank in India, HDFC Bank was announced. HDFC Ltd, over the last 45 years has developed one of the best product offerings, making it a leader in the housing finance business. HDFC Bank enables seamless delivery of home loans as a part of its wide product suite catering to urban, semi urban and rural India.
As of March 31st, 2023, HDFC Bank€™s extensive network comprised of 7,821 branches and 19,727 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,811 cities / towns. HDFC Ltd.€™s distribution network comprising 737 outlets, which include 214 offices of HDFC Sales Private Limited stands amalgamated into the Bank€™s network. The Bank€™s international presence includes branches in 4 countries and 3 representative offices in Dubai, London and Singapore offering Home Loan products to Non-Resident Indians and Persons of Indian Origin
Job ID: 108643735
