To support the implementation of ITC’s compensation and benefits programs. To support internal business partners to execute benefits, compensation-related requirements.
1. Benchmarking
- Participate in the compensation benchmarking programme.
- Preparing the structure document as a stepping stone of Job Matching activity
- Participate in the Job Matching Activity, working closely with the consultants.
- End to end coordination with the consultants along with the ITC Businesses
- Payroll Data submission as a participant of the survey
2. Remuneration Revision
- Assisting in making remuneration proposals for all the Cluster wise businesses of ITC
- Preparation of Remuneration Revision & Variable Pay Tables
- Validating the Junior Management Remuneration Revision Fitments
- Preparing the Junior Management Remuneration Revision Fitment for Corporate Functions
- Remuneration Revision & Calculation for subsidiaries
- Preparation of proposal notes received from Businesses and do related analysis
3. Fitments
- Managing the Inter- Divisional (Cross Business) transfer fitments, validating the same with the approved metrices
- Facilitating the promotion fitments across businesses
- Maintaining and updating the Remuneration Metrices for all Remuneration Grades across ITC
- Ensuring timely Remuneration Revision for the Campus Batches every year.
- Managing the Remuneration Revision on Confirmation cases
- Prepare, maintain & update the Employee Database along with remuneration details for the Junior Management population at a PAN ITC level.
4. Compensation Database
- Design and prepare the compensation database: Historical Profile of employees, Variable Pay Master, Promotion Increase etc
- Preparing the Market Compensation Viz a Viz ITC Compensation analysis at the time of Remuneration revision
- Updating the Payroll data in employee master on a monthly basis
- Managing and maintaining the compensation data in a way so that any kind of ad hoc analysis can be derived
5. Other C&B Surveys
- Participate and submit the data for the Compensation Planning Surveys
- Salary Increase Survey
- Retirement benefits Survey
- Workforce and Trend Increment Survey
- Annual Executive Rewards Survey
- Campus Survey
6. HR Operations-related activities pertaining to responding to remuneration-related queries, C&B documentation and archival of all notes, etc.
7. Annual Budget & Other Analysis
o Manpower Cost Budgeting for the Junior Management population
o Assisting in the preparation of Budgeting template for all divisions
o Function wise post revision CTC cost analysis across divisions
o Preparation of compensation-related data for HR analytics dashboard
Assisting the Team to arrive at certain Compensation Related proposal via Market Research and Secondary research
Requirements
- 2-3 Years of Relevant Experience with excellent MS excel and analytical skills
- MBA (HR) – Qualification