Manager- Compensation & Benefit for a German Company in Thane, Mumbai

Opening for Manager- Compensation & Benefit in a German Company in Thane, Mumbai

A German Company in Mumbai is looking for a Compensation & Benefit- Manager

Location:- Thane, Mumbai

About Company : Is a leader in speciality chemicals and operates in all important global markets. In 2010, the company, which is listed on the Frankfurt Stock Exchange, achieved sales of EUR 7.1 billion.

The key responsibilities of the role:

Compensation Benchmarking Studies
o Benchmarking organization’s total compensation against a target group of companies
o Benchmarking organization’s compensation mix vis-à-vis the market
o Supporting the Site HR Heads in local benchmarking of remuneration
o Working on position and incumbent deviation reports
o Highlighting the trends & observations seen

Job evaluation
o Evaluating new jobs or enhanced jobs as per Company grading rules and recommending the right grade for the position
o Working on the constant enhancement of the company grading system
o Supervising all grading activities in the site locations
o Benchmarking organization’s internal designations with the external market

Salary Re-Structuring
o Understanding the current salary structure of organization
o Reviewing the salary structure in alignment with prevalent market practices each year
o Analyzing the impact of each component recommended
o Working on simulations to highlight the financial impact of proposed salary structure

Pay Bands
o Handling the pays bands as per organization rules and regulation
o Supervising the right integrating of new joinees into the current company pay bands structure
o Recommending ways to handle outliers
o Working on simulations to highlight the financial impact of proposed pay bands

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