What are we looking for? We are seeking a dynamic and detail-oriented individual to support and lead Compensation & Benefits (C&B) programs. The incumbent will work closely with internal stakeholders, ensuring data-driven decision-making, market competitiveness, and seamless execution of core C&B initiatives. The role requires the ability to independently manage programs while engaging with senior management on critical projects. What does the job entail? Compensation Program Support: - Provide strategic and operational support across various compensation programs including, but not limited to, annual appraisals, salary revisions, and retention proposals. - Ensure accurate execution, adherence to timelines, and alignment with internal policies and external market trends. Market Benchmarking: - Assist in conducting compensation surveys and market benchmarking exercises to maintain competitive reward structures. - Analyse findings and contribute to recommendations on compensation adjustments. Data Analysis & Reporting: - Proactively analyse compensation programs, payroll data, and benefits to identify trends, risks, and improvement opportunities. - Independently manage the creation and publication of C&B dashboards and periodic reports. - Provide actionable insights to support leadership decision-making. Employee Communication & Query Management: - Ensure clear, consistent, and transparent communication of C&B programs to employees. - Manage employee queries within defined TAT, identify process gaps, and suggest systematic fixes to improve efficiency and employee experience. Stakeholder Management: - Collaborate closely with HR business partners, Finance, and leadership teams to provide program support and operational guidance. - Serve as the subject matter expert (SME) for compensation-related discussions. Budget Monitoring: - Support the tracking of C&B budgets and program expenditures, ensuring effective cost management and reporting. Program Ownership & Policy Initiatives: - Independently drive select C&B programs, policy revisions, or new initiatives from concept to execution. - Continuously scan for best practices and propose enhancements to existing frameworks. Education & Skills: - MBA HR / Post Graduate in HR - High proficiency in MS Excel and PowerPoint - SME with a keen interest in Rewards and Benefits - Appetite to enhance knowledge by self-initiative - Strong Analytical skills and Detail Orientation - Proficient in Data dashboarding - Stakeholder Management inc. senior management coordination

Mumbai

HDFC Life Insurance - Senior Manager - Compensation & Benefit 

Job Description for HDFC Life Insurance - Senior Manager - Compensation & Benefit  in HDFC Life in  Mumbai for (3-5) years of experience. Apply Now!