Lead Compensation & Benefits
ACICO Group
مجموع سنوات الخبرة :12 years, 5 أشهر
Policies & Procedures
- Developed new HR policies and procedures manual that meets internal requirements and align with the company's mission and values.
- Collaborate with stakeholders and operations to understand processes to develop HR policies that ensure cost effectiveness.
- Ensure that HR policies are updated to reflect operational changes and regulatory requirements
Employee Compensation & Benefits
- Conduct internal equity analyses for job roles, guaranteeing that compensation structures were fair and consistent across the organization, fostering employee morale and minimizing disparities.
- Provide advice to the business on salary and compensation in line with statutory requirements as well as the company's guidelines.
- Evaluate position descriptions to determine details such as grade classification and salary
- Formulated customized compensation packages for high-value talent and exceptional employees, aligning rewards meticulously with individual contributions and overarching organizational objectives
- Conduct internal analysis and insights for new and existing roles
- Assists on the planning, development and implementation of the HR strategy with a specific accountability for performance management and rewards
- Bonus calculation for various scenarios upon Management requirements
- Payroll approvals for ensuring accurate and timely processing of payroll including compensation changes
- Provide recommendation on grades for jobs identified
- Review of job offers
- Update and maintain job descriptions with proper document control
Performance Management
- Designed and implemented an automated comprehensive Annual Performance Appraisal system across all level of employees.
- Led training sessions for managers, equipping them with performance evaluation best practices and communication techniques, contributing to more constructive feedback conversations.
- Collaborated with cross-functional teams to identify key performance indicators (KPIs) and establish measurable targets, driving employee accountability.
- Analyzed performance data and provided actionable insights to senior leadership, facilitating data-driven decision-making and supporting strategic performance improvement initiatives.
Organizational Structure
- Developed customized organizational charts for multiple business units, tailoring each structure to the unique needs of the department and ensuring optimal resource allocation.
- Successfully crafted and implemented an updated organizational chart that accommodated new strategic initiatives
Automation of processes
- Successfully automation of HR department internal processes in liaison with IT. Automated more than 25 internal HR processes including Manpower planning, Recruitment, resignation, Termination, End of Service clearance, residency transfer, Performance Appraisal, Internal Recruitment etc.
- Responsible for coordination of HR system enhancements, troubleshooting and related projects to ensure that all requirements are presented in a timely manner, solutions are tested, and collaboration with cross functional teams
Internal Communications
- Managed internal announcements, crafting and delivering impactful messages to welcome new employees, express condolences, and share major organizational updates, ensuring timely and sensitive communication across the workforce company
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• Enhanced team workflows and employee job satisfaction by coordinating communication between managers and employees.
• Supervised job interviews and conducted exit surveys to verify compliance with HR best practices.
• Processed paperwork and hiring details for promotions and lateral position changes.
• Provided thoughtful and engaging new employee onboarding presentations to energize workforce and set organizational expectations.
• Preparation, compilation, target setting, monitoring and progress tracking of HR Group Action Plan, Strategy Map, Key Performance Indicators, Balanced Score Card, measures of MAIP, Standard of Performance Reports (SOP) for HR WK team.
Responsibilities:
Overall Supervision, monitoring and management of the ‘End of Service Clearance Unit’ consisting of 10 employees.
Supervision and management of End of Service Clearance processes for all resigned/retired/terminated employees and ensure the proper execution of Exit processes for the employees leaving the Company. Handled Exit process for more than 850 employees to date.
Preparation of Employee Terminal Benefits (Final Settlement) and Calculation of PIFSS for employees.
Handling employee Compensation (salary administration) and coordinating with Employee Accounts team for processing salary and terminal benefits to employees.
Ensure End of service clearance procedures are processed on time, Update status to Chiefs and Team leader on a regular basis.
Communicate with Senior Management officials (Team Leaders, Chiefs and seniors) for the smooth and effective operation of Clearance Processes.
Implemented employee assignments tracking and reporting systems and initiated systematic monitoring and standardization of clearance processes and resolving any conflicts.
Preparation, compilation, target setting, monitoring and progress tracking of HR Group Action Plan, Strategy Map, Key Performance Indicators, Balance Score Card, measures of MAIP, Standard of Performance Reports (SOP) for Compensation team.
Implementation of the Best Practices adopted by Higher Management and communicating to all the Compensation Team employees.
Preparation of team's budget, analysis of monthly Actual vs. Budget by Account Report, Justification reports for budget variances, MBO (Monthly Business Outlook Input) Reports, Leave plan, Manpower plan, External and Internal Courses Plan, HR integration project reports, Process Improvement reports etc.
Preparation of HR Functional Process Mapping in line with ISO requirement for the changed Processes due to existing functional improvement as a part of updating ISO 9001 Quality Management Systems portal Documents.
Scheduling and organization of familiarization and orientation programs for interns/Trainees.
Coordinate the staff Recruitment Activity, reviews the recruitment paperwork for completeness and accuracy.
Analysis and the execution of PDP (Personnel Development Plan) based on GAD (Gap Analysis and Discussion) through Oracle for the Compensation team Employees on behalf of the Chiefs and seniors.
Generate weekly, monthly, and quarterly compensation and HR reports, and provided comprehensive data to executive leadership and inputs towards business process improvements.
Review, monitor and update the Compensation team Portal.
Involved in the business development of the new branch at Vatanappally. Dedicated to opening up new business and bank accounts .Known for processing transactional paperwork with extreme accuracy and providing follow-up with customers. Managing the High net worth Customers of Classic Portfolio, ensuring highest level of personalized service and enhancing their wallet-size through enhanced customer relationship.
Responsibilities:
• Achieve sales targets and providing quality Customer service
• Relationship Management for a Portfolio of customers
• Responsible for Cross Sell & enhancing relationship with existing customers
• Selling of Investment products like Mutual Fund, Insurance & Current account & Saving account
• Managing Operations like Account opening, Fixed Deposit, and Forex etc
• Deepening of existing Current account & saving account relationships
• Generation of referrals from internal database
• Customer acquisition, Customer service & cross sell to walk-in customers
• Generate business and cross sell all products and services of the Bank
• Enhance the value of existing accounts of Current account & saving account customers. Retention of accounts
• Review all critical reports, monitor cash levels, fraud control, etc
• Branch Operations and Audit Compliance
CERTIFICATIONS
NSE’s Certification in Financial Markets: ‘NSDL -Depository Operations Module’.
NSE’s Certification in Financial Markets: ‘AMFI-Mutual Fund (Advisors) Module’.
Certification course on ‘Retail Banking’ by HDFC Bank, India.
Operations Management, Strategic Management, Strategic Financial Management, Management Accounting, Organizational Behavior, Human Resources Management, International Banking & Finance, Investment Banking & Financial Services, Financial Risk Management, Credit Management, International Business etc.