DGM - Compensation & Benefit (HR Ops) Shriram Properties Ltd

10.0 - 15.0 years

0 Lacs

karnataka

On-site

Your role as a Compensation & Benefits Manager will involve designing, implementing, and reviewing the C&B strategy in alignment with business objectives and industry standards. You will be responsible for managing the annual compensation review cycles, including salary benchmarking, merit increases, promotions, and bonus/incentive programs. Additionally, you will drive reward and recognition initiatives to enhance employee engagement and retention. As the SAP SuccessFactors Administrator, you will serve as a functional expert for modules related to Compensation, Benefits, and Employee Central. Your responsibilities will include driving process automation and improvements using SAP tools, collaborating with IT and SAP support teams for enhancements, testing, and issue resolutions. Ensuring compliance with all labor laws and statutory obligations pertaining to compensation such as PF, ESI, PT, Income Tax, Gratuity, Bonus, and Minimum Wages will be a crucial aspect of your role. You will liaise with external consultants, legal advisors, and regulatory authorities as necessary, while maintaining and updating statutory records and documentation in accordance with audit requirements. Collaborating with Finance and business units, you will prepare C&B budgets and forecasts, conduct audits and gap analyses on salary structures, and benefit offerings. Furthermore, you will work closely with HRBPs, Finance, and senior leadership for the seamless execution of C&B initiatives. To qualify for this position, you should hold an MBA/PGDM in HR or a related field and possess 10-15 years of experience in HR with a focus on Compensation & Benefits, preferably in a leadership capacity. Proficiency in SAP SuccessFactors, particularly in Compensation and Employee Central modules, is essential. A strong understanding of Indian labor laws, social security codes, and taxation laws related to employee compensation is required. Excellent analytical, problem-solving, communication skills, attention to detail, and the ability to work effectively under tight deadlines are crucial for success in this role.,

Posted 1 week ago

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