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Nitin Vegad, Head of Section - Compensation & Benefits, Payroll

Nitin Vegad

Head of Section - Compensation & Benefits, Payroll·DNV GL

India

Master's degree, Human Resource Management

Work experience

Total years of experience: 18 years, 6 months

Head of Section - Compensation & Benefits, Payroll

August 2020 - Present

DNV GL

Pune, India

August 2020 - Present

• Part of core Global Centre Team (GSS HR) in Pune and lead transitioning of
Global Payroll, Compensation and Benefits from Regional Offices to Pune.
• Collaborate with Country Heads and Regional HRs on salary benchmarking,
annual merit increase and variable pay cycle.
• Assist organization with designing pay structure at various grade levels and
geographies in alignment of local regulations as per respective countries.
• Developing market insights in relevant businesses and interpreting
benchmark data in relation to DNV business needs.
• Establishing professional partnerships with internal stakeholders and external
vendors.
• HR transformation strategies and roadmap for digitalization of compensation
and benefits at organization level.
• Supervise team who is responsible for processing payroll and managing
compensation and benefits (Regions: India, Middle East, Africa, North & South
Asia Pacific, Americas).
• Manage outsourced Payroll vendors and tax vendors to support the payroll
processes with the focus being on timely and accurate delivery.
• Supervise the procedures of preparation, documentation and disbursement
of all payroll checks, taxes, and employee benefit payments Oversee the
statutory compliance.
• Be a strategic partner with Regional HRs and other support functions to
ensure controls & policies are in place and provide solutions.

Company industry:
Oil & Gas

Manager Human Resource, Corporate HR

June 2014 - July 2020

Tata Communications

Pune, India

June 2014 - July 2020

• Part of implementation team in collaborating payroll for APAC, Americas
and EMEA regions to one global platform and its implementation with ADP
Streamline.
• Perform L2 review and approve the payroll.
• Collaborate with Regional Centers and discuss on the challenges, initiatives
within Payroll domain.
• Coordinates and lead the design of process improvements, systems
development, implementation of best practice within Payroll
Compensation & Benefits
• Support with Business Areas internal and external salary benchmarking.
• Participate in various salary survey with external players like Wills Tower
Watson, Mercer, AON Hewitt.
• Setting up framework for internal applications related to compensation letter
release, payroll Input Module application.
• Involved in salary normalization/Rationalization of employees covered in
Appraisal Cycles - Annually and Quarterly, Preparing Comparison -ratio sheet
for appraisal cycles.
• Derive on salary budgeting and salary frame modelling based on current
geography situation (GDP, Inflation, Unemployment, internal pay grades etc.)
• Managing Time & Absence for APAC and India region and Vendor
Governance.
• Design benefits globally by market benchmarking, evaluation of existing
benefits, feasibility for new benefits.

Company industry:
Telecommunications

Sr.Payroll Analyst

June 2011 - June 2014

Allscripts India

Pune, India

June 2011 - June 2014

• Traveled to US as lead from Payroll Team for implementation of Allscripts
US, Canada, Singapore and UK payroll to India.
• Lead in SIT (System Integration Testing) & UAT (User Acceptance Testing)
for Oracle Time & Labor (OTL) Tool & Oracle interface data.
• Responsible for managing day-to-day activities of assigning work to team
members.
• Responsible for running the pre payroll reports to validate the pre paychecks
are accurate & check completion of all payroll activities in order to produce
accurate payroll checks.
• Ensure documentation of all payroll activities and necessary forms, reports,
etc are filed in an organized and timely manner for the SOX audit purpose.
• Prepare SOPs are per the requirement of internal auditors & ensure all the
process are followed as per the SOPs.

Company industry:
IT Services

Sr.Payroll Analyst

December 2007 - June 2011

Mphasis an HP Company

Pune, India

December 2007 - June 2011

• Traveled to US as lead from Payroll Team for implementation of Allscripts
US, Canada, Singapore and UK payroll to India.
• Lead in SIT (System Integration Testing) & UAT (User Acceptance Testing)
for Oracle Time & Labor (OTL) Tool & Oracle interface data.
• Responsible for managing day-to-day activities of assigning work to team
members.
• Responsible for running the pre payroll reports to validate the pre paychecks
are accurate & check completion of all payroll activities in order to produce
accurate payroll checks.
• Ensure documentation of all payroll activities and necessary forms, reports,
etc are filed in an organized and timely manner for the SOX audit purpose.
• Prepare SOPs are per the requirement of internal auditors & ensure all the
process are followed as per the SOPs.
• Responsible for handling North America and Australia payroll, including sub
processes like pre, ongoing and post payroll activities.
• Handling EDM processes like, New Hires, Promotions/Demotions, Transfers,
Terminations, Leaves, Personal Data Changes, Direct Deposit, Tax Changes,
etc Handling SOX Audit W2 Corrections, Year End Reconciliation.
• SPOC for onshore & client for all the process related queries & escalations
Responsible for daily, weekly and monthly MIS required for the process.
• Maintaining Internal & Client Dashboard.
• Review W-2 forms and perform corrections.

Company industry:
IT Services

Sr.HRO Administrator (US & Australian Payroll)

December 2007 - June 2011

Mphasis an HP Company

Pune, India

December 2007 - June 2011

• Responsible for handling North America and Australia payroll, including sub
processes like pre, ongoing and post payroll activities.
• Handling EDM processes like, New Hires, Promotions/Demotions, Transfers,
Terminations, Leaves, Personal Data Changes, Direct Deposit, Tax Changes,
etc Handling SOX Audit W2 Corrections, Year End Reconciliation.
• SPOC for onshore & client for all the process related queries & escalations
Responsible for daily, weekly and monthly MIS required for the process.
• Maintaining Internal & Client Dashboard.
• Review W-2 forms and perform corrections.

Company industry:
IT Services

Education

Dr. D.Y.Patil Vidyapeeth

September 2018

September 2018

Master's degree, Human Resource Management

India

Pune University

March 2007

March 2007

High school or equivalent, Bachelors of Commerce

India

Skills

PAYROLL ADMINISTRATION
Expert
PAYROLL ADMINISTRATION
Expert
HUMAN RESOURCE MANAGEMENT
Expert
HUMAN RESOURCE MANAGEMENT
Expert
COMPENSATION MANAGEMENT
Expert
COMPENSATION MANAGEMENT
Expert
LEADERSHIP
Expert
LEADERSHIP
Expert
PROJECT RISK MANAGEMENT
Expert
PROJECT RISK MANAGEMENT
Expert
COMPLIANCE RISK
Expert
COMPLIANCE RISK
Expert
BENEFITS ADMINISTRATION
Expert
BENEFITS ADMINISTRATION
Expert
DATA ANALYSIS
Intermediate
DATA ANALYSIS
Intermediate