Manager - Compensation & Benefits Job at AVK MANAGEMENT SERVICES PVT LTD
We seek a candidate who thrives in a fast-paced, team-oriented environment to provide leadership and domain expertise in compensation and benefits skills.
Responsible for strategic and day-to-day execution of Total Rewards U.S. operations, including:
- Participate in compensation surveys and conduct related analyses.
- Research market competitive practices, providing recommendations.
- Launch new programs or enhancements for competitive and innovative recognition and reward strategies.
- Perform external and internal benchmarking for compensation, making recommendations to HRBPs and management during hiring, transfers, and promotion.
- Perform equity audits to ensure fair, competitive, and performance-driven compensation.
- Develop and manage pay structures
- Create, monitor, and administer compensation programs such as incentive pay and bonus programs
Responsible for the design, administration, delivery, and ongoing support of employee Benefits programs, including:
- Responsible for benefit renewals and vendor selection
- Management the annual benefits open enrolment process.
- Evaluate existing benefits programs and processes; recommend enhancements or improvements in support of strategic initiatives or as triggered based on business factors, benchmarking and/or legislative needs.
- Ensure all aspects of benefits plans and processes are aligned with Cipla's mission of 'Caring for Life.'
- Lead employee Wellness agenda in coordination with HRBPs.
- Ensure benefits-related documentation, supporting materials and communications are thoroughly reviewed for accuracy, updated promptly, and compliant with the respective plan or governmental regulations.
- Manage benefits queries, including Leave of Absence (LOA) process management and administration
Requirements & Preferred Skills, Competencies, and Experience:
- Bachelor's degree in Human Resources, Business, or a related field.
- Professional Certification (CEBS, PHR, SPHR, CCP) is preferred.
- Fundamental understanding of Benefits & Compensation required.
- Progressive experience in Human Resources, including compensation, with a strong experience in benefits.
- A minimum of four (4) years of benefits experience is needed. Compensation experience of around 2-3 years is preferred.
- Must have critical thinking & issue resolution skills
- Great attention to detail while having the ability to see the big picture.
- Demonstrated ability to multi-task in a cross-functional setting
- Flexibility in a fast-paced environment
- Strong written, verbal, and presentation skills
- Excellent interpersonal skills to collaborate with all teams in the U.S. and home office based in India
- Proven track record of aligning compensation and benefits programs and processes with
- business strategy
- Advanced analytical skills, including an elevated level of proficiency in Microsoft Excel.
- Pharmaceutical/Biotech/Healthcare industry experience is a plus.
- Experience with HRIS Systems such as Success Factors and ADP is a plus.
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