Team Member - C&B

Position Description Business Division: Corporate Department: Human Resource Location: Mumbai

Position Title: DGM – C&B Level: M2 Reporting to (Title): Head C&B
Position Purpose The person is responsible for designing & developing best in class practices for compensation & benefits, performance management system and support HR policies and procedures for PI Industries. Strategic Responsibilities

• Devise in consultation with Lead C&B and Head - HR, compensation and rewards strategy for PI Industries through study of compensation benchmarks in peer group / competitor companies and due alignment with company strategy.
• Contribute to create and drive a performance-oriented culture at PI Industries by developing a robust performance management and pay for performance program.
• Contribute to develop best in class HR policies for PI Industries aligned to prevalent market practices.

Operational Responsibilities Compensation & Benefits

• Conduct periodic benchmark surveys of compensation and benefits structures for management / non management staff and make modifications in line with benchmarks and C&B strategy.
• Develop pay ranges for all existing and new positions aligned to compensation strategy and benchmarks.
• Devise annual budgets for compensation increases after due survey of industry benchmarks and recommend proposed increases to MD/CEO and Head HR for approval.
• Manage administering annual / promotional increases with approvals of Lead C&B, & Head HR and ensure the changes are duly incorporated in HRMS.
• Develop and administer pay for performance and incentive schemes.

Performance Management System

• Benchmark the existing performance management system at PI Industries and make process improvements so as to drive a performance driven culture.
• Create transparency in the PMS process by ensuring clarity of individual accountability and establishment of key performance indicators.
• Monitor, review and provide support for completion of annual appraisal process as per timelines and prescribed guidelines (at business unit.)
• Organize and facilitate normalization discussion (at an organizational level) after receiving appraisal ratings from business units/corporate and finalize the final ratings and increments.
• Resolve grievances and queries related to PMS and appraisals

HR Policies

• Assist in development of best in class HR policies & processes for PI in consultation with HR head mainly including key HR service policies (Work Norms, Travel, Relocation etc.) and employee welfare policies.

Communication & Training

• Collaborate with internal communication & T&D team to prepare communication decks and training modules to facilitate implementation and trainings for HR Policies / PMS / C&B to identified staff at the business unit level.

Audit & Post Audit Action

• Develop, improve and implement PMS/compensation/HR policy process implementation audit to gauge compliance level at business unit and corporate level.
• Prepare and report compliance scorecard business unit/location wise and do action planning for improvement in conformance.

Measurement & Analysis

• Conduct trend analysis on PMS/Compensation, HR policy implementation through dipstick surveys, listening posts, interactions with BHR to identify improvement areas and scope for change in practices, policies & procedures.

Financial Responsibilities

• Manage and maintain employee cost (salary & benefits) within budgeted levels
• Ensure adherence to annual increment budgets

People Responsibilities

• Lead professional and career development through internal / external trainings for self and team.
• Ensure key positions in the team are staffed

Education Qualification MBA in HR from reputed management institute Work Experience Between 10-12 years of exp. of which at least 5 years should be in the area of C&B, PMS & HR policies Industry to be Hired from Agri / Chemical industry. Experience working in large Corporate / MNC driving strategy is essential Functional Competencies

• In depth Knowledge of concepts and practices in C&B

Interaction Complexity and Team Work
Interaction
Frequency
Purpose of Interaction

Internal : MD/CEO. PI leadership team, Corporate HR, BU HR , Admin, Finance
As an when required
For review, updates & approvals whenever required For execution of C&B, PMS & HR policies

External : Consultants, Auditors
As an when required
For information on best in class interventions in all 3 areas of C&B, PMS & HR policies, support in audits.