Deputy Vice President
Kotak Mahindra Life Insurance
Total years of experience :18 years, 4 Months
Working closely with the MD of the organization for implementation & change of robust, consistent and integrated performance management process, with a meaningful linkage to talent, rewards and development.
Influencing the Senior Leadership in introducing STI & LTI as important levers of pay to fuel organizational growth
Leading a team of 25 team members in areas of Compensation, Sales Incentive design and delivery, HR IT, Analytics, HR Compliance & Service excellence
Setting up the HR Analytics wing, to support Human Resource leadership team in identifying business challenges. Use data analysis to help influence people practices and process related enhancements.
Redesigned the talent assessment framework for meaningful linkage with hiring and skill development
Driving organizational effectiveness by ensuring functional goals are aligned with business goals, HR initiatives and programs within the set HR budgets
Collaborating with the leadership team on the formulation of key functional strategies by anticipating key HR issues and solutions as appropriate. Providing appropriate critique of strategies to ensure that the best solutions are implemented
Directed the core strategy team and collaborate with the senior leadership towards designing and implementing a compensation framework, including implementation of a Total Rewards Philosophy for the company.
Collaborated with Senior Leaders to incorporate key cultural constituents into the rewards framework. Desired output of the project is to enable attraction, engagement and retention at all levels
Ideated a revamped Performance Management Process. Led the change management process
Redesigning the executive compensation plans to enrich Long term and Short term incentives
Benchmarked Sales incentive plans and strategized productivity matrix, leading to a change in sales targets
Realigned job levels using Job Assessments to design the optimal Grade structure for the company
Led the Oracle Fusion HRMS implementation, aimed at increasing HR operational efficiency and enhance employee experience
Joined as founder member, entrusted with the challenge of setting up yet another start-up. We envisaged a vision for to offer innovative practices with a ‘3 step approach’. I designed most of our systems, policies and people practices based on this approach
My contribution towards this goal enabled the organization to win ‘The organization with innovative HR practices” award
Led the Compensation and Benefits portfolio, worked closely with the APAC Compensation Leader in setting up/streamlining compensation practices for the region
Led the SAP HCM implementation with responsibility of on time and within budget delivery
Joined CRISIL when the company was in the transition from a largely Indian driven operation into a global brand. Given this shift in business outlook, HR team was also gearing up for the challenges ahead and thereby shift its focus from administrative guidepost to a strategic advisor. Compensation and HR Technology were 2 key focus areas.
As a part of this new HR roadmap I was assigned the responsibility of building and enhancing the Compensation Strategy for 9 countries and also build the HR technology capabilities to drive unified workforce across geographies.
For this achievement, under my mentorship my team won the annual ‘Best team of the year’ award from the CEO. Another significant contribution was managing the feet on street staff for CRISIL for which I won the ‘Execution excellence’ award. My last assignment was to handle International HR operations for 9 countries.
Joined an amalgamated entity vis Centurion Bank and Bank of Punjab amidst another acquisition of Lord Krishna Bank on the cards. Led the HR Operations team of 5 members, in building the analytics platform that would enable decision making around human capital in a more informed manner.
Led PeopleSoft implementation
Identified as one of the potential leaders, the organization invested in my learning on a six sigma certification. Conceptualized and implemented various systems and processes based on six sigma concepts.
During the merger with HDFC bank I played an active role in HR due diligence, job classification/reclassification of the merged entity, salary structures, employee welfare plans and retirement programs.
As recognition of my successful stint with earlier start-ups, I was given the responsibility of leading the compensation and HR operations team in the newly formed entity, HDB Financial Services.
In this role I had several quick wins with business heads by way of implementing compensation structures and incentive programs for sales staff as well as structured performance evaluation by means of balance scorecard.
My most significant contribution to the organization was development of various tools based on six sigma concepts for providing analytical inferences on sales performance. A blend of statistical inferences through these tools along with ‘motivation’ as key element to drive performance.