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Associate Manager Ii - Compensation And Benefits

India, Bengaluru
Last update 2024-06-15
Expires 2024-06-14
ID #2186609753
Free
Associate Manager Ii - Compensation And Benefits
India, Bengaluru,
Modified June 8, 2024

Description

About Navi

Navi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences.

Founders: Sachin Bansal & Ankit Agarwal

Know what makes you a “Navi_ite” :
1. Perseverance, Passion and Commitment
Passionate about Navi’s mission and vision
Demonstrates dedication, perseverance and high ownership
Goes above and beyond by taking on additional responsibilities
2. Obsession with high quality results
Consistently creates value for the customers and stakeholders through high quality outcomes
Ensuring excellence in all aspects of work
Efficiently manages time, prioritizes tasks, and achieves higher standards

3. Resilience and Adaptability
Adapts quickly to new roles, responsibilities, and changing circumstances, showing resilience and agility

Responsibilities :

Collaborate closely with the Talent Acquisition team to support compensation fitments for new hire offers, maintaining internal and external pay parity.
Provide role and city-wise hiring ranges to enhance recruitment effectiveness.
Facilitate internal talent movements across entities and teams, ensuring equitable compensation transitions.
Work collaboratively with relevant stakeholders to develop compensation scenarios for annual salary increments, ensuring alignment with internal budgets and market benchmarks.
Present organization-wide compensation benchmarking analysis and gap reports, incorporating suitable comparator baskets across entities.
Interface with external vendors to participate in C&B surveys, facilitating benchmarking of company positions and benefits.
Provide industry insights with an outside-in perspective to inform compensation strategies.
Administer the implementation of approved compensation changes.
Collaborate with finance, tax, legal, and local HR payroll teams to ensure compliance with local laws and regulations related to payroll, compensation, and benefits programs
Design and deliver education and training programs to managers and HR partners on compensation and benefits programs, merit processes, bonuses, and other C&B-related topics.
Foster an understanding of the organization's total rewards philosophy and its connection to employee performance and satisfaction.

What we are looking for :

MBA / PGDBM (Preferably in Human Resources)
3-5 years of experience in the field of HR (With at least 2 years of Core Compensation Administration exp.)
Proficient in independently conducting market benchmarking exercises with external vendors
Strong Analytical Skills : Ability to analyze data, think logically, and comfortable working with numbers and statistics
Excellent Communication Skills : Both written and oral, with the ability to collaborate effectively with stakeholders from diverse backgrounds
Maturity and Conflict Resolution : Ability to handle conflict resolution and engage in tough conversations.
High Integrity and Ownership : Demonstrates a strong sense of integrity and takes ownership of responsibilities.
Innovative Thinking : Ability to think outside the box and address unstructured problem statements confidently.
Proficient in MS Office suite and google sheets

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Associate manager ii - compensation and benefits

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