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Compensation & Benefits - Am/manager

Mumbai, Maharashtra

Raymond Ltd

Job Description

AM - 1 to 3 years
Manager - 8 to 12 years

We are looking for a Compensation and Benefits Specialist to oversee and administer the employees perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organizational trust and satisfaction. The goal is to attract, retain and motivate high quality employees while reducing turnover and enhancing our company's profile as best place to work.

Responsibilities:

Responsible for the design, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement benefits.

Define a fair, equitable and competitive total compensation package that fits and is aligned to our company's strategy and business goals

Works with senior management to ensure that compensation and benefits programs support the organization's business objectives and meet all legal requirements.

Develops compensation and benefits budget for assigned areas and manages budget after it is approved.

Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)

Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations

Assess employees needs by conducting organizational psychology surveys to find out what motivates and engages employees

Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure.

Differentiate pay systems to invest in the segments of workforce that contribute the most value

Deploy effective communication strategies and success metrics

Conduct ongoing research into emerging trends, issues and best practices

Conduct periodic audits and prepare reports.


Policies
Develop, Design and implement policies.
Benchmark the policies with Industry standards.
Create a policy proposal and align companywide stakeholders.
Labour Proclamation.
Re-branding of Policies

Company Description

We manufacture for the world the finest fabrics - from wool to wool-blended worsted suiting to... specialty ring denims as well as high value shirting.  Read full description

Additional Information

Last updated:
22/12/2018
Job type:
Full time
Position type:
Permanent
Vacancies:
2
Minimum experience:
Between five and ten years
Education:
Compulsory Education
Category:
Jobs in HR / Recruitment
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