Compensation & Benefits Manager - Total Rewards - BFS
Description
Compensation Strategy & Rewards Governance:
- Established the organization's compensation philosophy by aligning pay practices with business objectives and external market trends.
- Executed enterprise-wide compensation benchmarking to strengthen market competitiveness and support informed pay decisions.
- Created structured salary bands, hiring frameworks, and compensation guidelines to ensure fairness and internal parity.
- Enhanced incentive and variable pay programs to reinforce a high-performance culture and improve employee engagement.
Equity & Long-Term Reward Programs:
- Designed the Impact Index methodology for annual ESOP allocation based on performance and business impact.
- Introduced a customized Phantom Stock framework to retain key talent and recognize high-potential employees.
- Administered ESOP, Phantom Stock, and Deferred Bonus programs, ensuring seamless execution and governance.
Performance & Rewards Management:
- Built a market-aligned Performance Management framework that received industry recognition from CII.
- Managed complete appraisal cycles for FY23 and FY24, including goal calibration, bell curve normalization, budget planning, and performance reviews across leadership and employee levels.
- Allocated merit increase budgets strategically to reward top performers and critical talent.
Workforce Planning & Organization Design:
- Owned annual manpower planning, headcount forecasting, and workforce variance analysis to support business expansion.
- Executed job evaluation and organization-wide role mapping initiatives covering more than 500 positions.
- Implemented role architecture and HR governance standards to bring consistency across people processes.
HR Systems & Digital Transformation:
- Acted as the functional HR lead for the DarwinBox implementation and digitization of core HR processes.
- Delivered successful implementation of Compensation, Recruitment, Performance Management, and People Analytics modules.