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      Urgent! Compensation Benefits Manager Position in Mumbai - Kotak Mahindra Bank
 
                        
                         Compensation Benchmarking
Actively work on compensation benchmarking study for various sponsored and forum based surveys
Work closely with Business HR Team for evaluating compensation needs for business verticals
Analysis basis comp survey outcome, internal parity and input for decision on compensation
Compensation Review Process:
Actively work on annual compensation budgeting, simulations & planning for execution
Work with Business team for finalizing the compensation, rating normalization process and building the proposals as per the plan
Interact with leadership team for comp review process
Actively involved in the roll out and conclusion of the process
Handle off cycle comp reviews
Proactively review compensation of employees in the respective business segments based to internal comp, market comp and retention challenges
Variable Pay:
Actively work on incentive scheme formation keeping in mind the role deliverables, productivity benchmarks and balance of Fixed to Variable ratio of the compensation.
Work on incentive calculations, analysis and approval process.
Monitoring of payout of Incentives.
Work on the annual bonus plan budgeting, simulation and total variable pay impact linkages to business performance.
Work with Business Team for finalizing the annual bonus plan.
Interact with leadership team for comp review process.
Job Band and Pay Bands & Projects:
Handle Job Evaluation for respective segment and work with the Job evaluation committee from time to time.
Defining comp bands for the fast moving roles for hiring.
Review and control the hiring ranges in line with agreed comp ranges.
Work on various central projects cutting across the organization from HR process or product point of view.
Compensation Analytics:
Comp Analytics pre, during and post compensation review cycle.
Comp analysis basis internal, market benchmark data, hiring data and other market insights.
Industry trends/ Market insights on compensation for the area of business.
Variable pay linkage analysis with business output, productivity and earning analysis.
Propose interventions based on comp analysis for retention, proactive corrections & productivity improvement.
Skills:
MBA with specialization in HR or Masters in Statistics.
Excellent data handling capability with hands-on experience in working on excel complex formulas.
Knowledge of working on Macros and Power BI will be added advantage
Excellent stakeholder management skills.
Prior experience of 4 -5 years in HR with 1-2 years in compensation role.
                      
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Unlock Your Compensation Benefits Potential: Insight & Career Growth Guide
Real-time Compensation Benefits Jobs Trends in Mumbai, India (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Compensation Benefits in Mumbai, India using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 3436 jobs in India and 194 jobs in Mumbai. This comprehensive analysis highlights market share and opportunities for professionals in Compensation Benefits roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! Kotak Mahindra Bank is currently hiring and seeking a Compensation Benefits Manager to join their team. Feel free to download the job details.
Wait no longer! Are you also interested in exploring similar jobs? Search now: Compensation Benefits Manager Jobs Mumbai.
An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Kotak Mahindra Bank adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Compensation Benefits Manager Jobs India varies, but the pay scale is rated "Standard" in Mumbai. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Compensation Benefits Manager typically include Business Operations Specialists and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
To improve your chances of getting hired for Compensation Benefits Manager, consider enhancing your skills. Check your CV/Résumé Score with our free Resume Scoring Tool. We have an in-built Resume Scoring tool that gives you the matching score for each job based on your CV/Résumé once it is uploaded. This can help you align your CV/Résumé according to the job requirements and enhance your skills if needed.
            Here are some tips to help you prepare for and ace your job interview:
Before the Interview:To prepare for your Compensation Benefits Manager interview at Kotak Mahindra Bank, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Kotak Mahindra Bank's products or services and be prepared to discuss how you can contribute to their success.
By following these tips, you can increase your chances of making a positive impression and landing the job!
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