Manager Compensation and Benefits - Mumbai

Primary Job Function

• The role is a partof the C&B India team and willhave the responsibility of managing the compensation and benefits related activities for the organization
• This role will independently manage compensation consulting for the specific business in India, manage compensation analytics and benchmark studies along with projects

Core Job Responsibilities

• C&BConsulting: Provide regular compensation and benefits consulting support to defined businesses to ensure that all decisions andactions related to C&B are in line with Abbott philosophyand guidelines. Provide recommendations andsupportdecision making for various pay actions (job offers, promotions, equityincreases, bonus buyouts, etc.) by utilizingsurvey sources, marketreferences, internal equity, and other data as appropriate

• JobEvaluation: Manage job evaluation requests from business for new / existing positions andrecommend salary grades as appropriate. Support business and myHR in ensuring correct grade fitment for roles

• System / Tools Management: Would be required to navigate and work on all the Compensation and Benefits related systems and tools at Abbott. Responsible for tracking compensation related actions and regular maintenance and upgrades to the excel based tools.
• AnnualMeritIncrease & Incentive calculations: Manage annual merit process including design, implementation of guidelines and governance (Workday), merit reporting, local incentive plan calculations and payroll inputs and other activities as required. Preparation of taxonomies to provide in depth merit analysis to business
• Market Benchmarking & Pay Structures: Support in compensation benchmarking and other benchmarking studies as required across Abbott in line with local/ global contract and utilize the same to create grade-wise / role-wise pay ranges, provide market insights and analytical support to business for decision making etc.
• Global Mobility: Managing the coordination associated with inbound and outbound employee movement, including payroll changes and stakeholder management.
• C&BPolicies:Review processes and policies to recommend appropriate changes. Support in harmonization of policies and processes as required

• C&BInitiatives&Projects: Manage special compensation andbenefits projects includingre-organizations, government-mandated changes, etc.

Supervisory/Management Responsibilities

• Individual Contributor

Position Accountability / Scope

• The role reports to the Head, Compensation and Benefits, Non Pharma

Minimum Education

• The role requires an MBA from a good college with a specialization in HR. Additional qualifications related to C&B are desirable

Minimum Experience/Training Required

• 4 years of experience as Human Resources professional with minimum of 2 years in Comp role
• Knowledge of fundamental aspects of compensation (base pay, long-termincentive programs, annual incentive programs etc.)
• Should have worked with reputed Indian/Multinational organizations / Should have worked with reputed Indian/Multinational organizations/HR consulting organizations

The base pay for this position is

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:

DIVISION:

LOCATION:

ADDITIONAL LOCATIONS:

WORK SHIFT:

TRAVEL:

MEDICAL SURVEILLANCE:

SIGNIFICANT WORK ACTIVITIES: