Job Overview
Support total rewards community of excellence for Piramal Pharma Limited even as we grow organically and inorganically to ensure superlative employees experience
Key Stakeholders: Internal :
Corporate HR Team, Senior Leadership Team, Business HRs
Key Stakeholders: External:
Consultants and various service providers
Reporting Structure :
Group Head Total Rewards
Experience:
Minimum 6 years of experience in Compensation & Benefits
Competencies
- Experience in job analysis/evaluation, market benchmarking, C&B policies, year end annual review cycle etc.
- Exposure to managing senior level compensation (possibly with some understanding of stock option plans), regulatory issues etc.
- Exposure to comp interventions like retention, guarantees, buy back etc. is desirable but not essential.
- Experience in Global Mobility & Compensation preferred
Key Roles/Responsibilities
Compensation & Benefits:
- Design, develop & implement Global Rewards solutions for all businesses.
- Ensure Competitiveness of Reward Programmes , design the reward p hilosophy and keep it contemporary. Ensure comprehensive compensation benchmarking and alignment of compensation structures.
- Undertake benefits and best practices in rewards benchmarking in India and other countries like US, Canada, UK and European Markets.
- Design innovative rewards programmes to enhance the Piramals EVP and instill a Performance culture.
- Revamping Recognition Programme . Sales incentive redesign, retention Plan for top performers and critical talent, etc
- Liaise with external agencies such as Aon Hewitt, Mercer, Towers Watson etc. To conduct market assessments/ benchmarking and compensation consulting in line with business needs.
- Responsible for proposing and executing change with respect to C&B policies and guidelines
Performance Management
- Reviewing and redesigning the Performance Management process in alignment with best industry practices and driving Performance Driven culture in alignment to our vision.
- Responsible for managing the KRA setting process, mid year review and year end annual review cycle as process custodian, working closely with Business HR to ensure that process standardization and timeline adherence is achieved.
- Publish the Goals & STI Setting Calendar, Facilitate Quality Audit of Goals & STIs Sheets within timelines
- Planning and implementing Corporate Training Calendar with respect to PMS implementation and guidelines. And the requisite cascades/ communication is as per plan
- Process Champion for the Online Performance Appraisal process of the organization.
- Responsibilities include inducting employees on the appraisal process, developing an online system, assisting managers with implementation of the process, conducting calibration meetings with HODs and handling employees queries and anxieties
- Creating Competency framework and responsible for job analysis/ evaluation as and when required for new positions/ promotions/ ungraded roles etc. Job Analysis Workshops; Evaluation of jobs using Mercers methodology.
- Partner with Business Hr and Business Heads for initial diagnosis assessment existing Organization Structure & grades; Analysis of job roles (Job Analysis), design new or modify existing structures/ grades to align with business needs. Identification of critical resources.
Qualifications
MBA in Human Resources from Tier 1 institute with minimum 6 years of experience in Compensation & Benefits
About Us
In the three decades of its existence, Piramal Group has pursued a twin strategy of both organic and inorganic growth.Driven by its core values, Piramal Group steadfastly pursues inclusive growth, while adhering to ethical and values-driven practices.
Equal employment opportunity
Piramal Group is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, ethnicity, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetics, or other applicable legally protected characteristics.We base our employment decisions on merit considering qualifications, skills, performance, and achievements. We endeavor to ensure that all applicants and employees receive equal opportunity in personnel matters, including recruitment, selection, training, placement, promotion, demotion, compensation and benefits, transfers, terminations, and working conditions, including reasonable accommodation for qualified individuals with disabilities as well as individuals with needs related to their religious observance or practice.
About The Team
Piramal Pharma Limited (PPL) offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 15 global facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization; Piramal Critical Care (PCC), a Complex Hospital Generics business, and the India Consumer Healthcare business selling over-the-counter products.PPS offers end-to-end development and manufacturing solutions through a globally integrated network of facilities across the drug life cycle to innovators and generic companies. PCCs complex hospital product portfolio includes inhalation anaesthetics, intrathecal therapies for spasticity and pain management, injectable pain and anaesthetics, injectable anti-infectives, and other therapies. The Indian Consumer Healthcare business is among the leading players in India in the self-care space, with established brands in the Indian consumer healthcare market. In addition, PPL has a joint venture with Allergan, a leader in ophthalmology in the Indian formulations market. In October 2020, the company received a growth equity investment from the Carlyle Group.Job Info
- Job Identification 9167
- Job Category Human Resources
- Posting Date 08/05/2025, 07:23 PM
- Job Schedule Full time
- Locations Project : Piramal Agastya, PRL Agastya Pvt Ltd., LBS Marg, Kamani Junction,, Mumbai, Maharashtra, 400070, IN
