Job Purpose
This profile is responsible to ensure regular reconciliation of salary structure and employee master data, ensuring updations of employee salary details in system with accuracy, update salary structure based on changes in minimum wages, validations of statutory bonus, to share daily, weekly & monthly reports to respective stake holders & businesses.Duties and Responsibilities
1Compensation and Benefits

Computing salary increases for transfers, movements and promotions as per defined grid, updating in HRMS system, releasing employee movement letters.

Executing necessary salary structure validations, movement and salary increase processed for the employees.

Co-ordinating with statutory team, analyzing the impact of minimum wage changes and aligning employee salary structures accordingly.

Preparing and sharing of monthly, quarterly reports with respective business and finance teams.

Verifying employee master details & ensuring accuracy of employee data base, coordinating with respective team wherever required for updating the employee details.

Reconciliation of insurance cost, coordinating with insurance partner for the bills and getting it settled by sharing with finance team.

Tracking of Flexi Benefits payout and regular reconciliation is done to ensure 100% accuracy.

Co-ordinating with Payroll team to ensure accurate salary is processed for all employees.

Liaising with internal PMO team to ensure smooth functioning of system.

Resolving employees queries related to movement, compensation changes, events, flexi benefit payout.

Assisting in Annual PMS activities
Key Decisions / Dimensions
‚

In consultation with Seniors
Major Challenges
‚

Accuracy of employee data base in system records
‚

Chroma (HRMS) discrepancy
Required Qualifications and Experience
a)Qualifications‚

Masters degree
‚

Soft skills, analytical, excellent writing & listening skills
‚

Ability to manage multiple activities at the time and flexible.
‚

Self- starter and be able to complete tasks within timelines.
‚

Good in Microsoft excel.
b)Work Experience‚

3- 5 years of experience in C&B, MIS, or Analytics.

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BAJAJ FINANCIAL SECURITIES LIMITED

Financial Services

Pune

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Cluster Manager - Human Resources