Business Partner,Compensation & Benefits

Job Description

Responsible for developing and managing a robust compensation and benefits structure, policies and processes to ensure it is competitive in attracting and retaining talent and meeting the changing needs of our business. Your responsibilities:Your responsibilities include, but not limited to:Compensation - Review, design, implement and communicate compensation programmes and activities through robust analysis of market data and business direction Business Partnering: Act as a C&B Business Partner and provide guidance and solution to the HR Heads and Business Heads for managing the business needs. Global/ Regional Initiatives/ Projects: Implement global/ regional initiatives at site and align them cross divisionally. New Hire Process: Provide the C&B job offer support for the new hires including ESOP buyout evaluation Benefits - Review, design, implement and communicate benefits programmes and activities through robust analysis of market data and workforce demographic trend; participate in relevant market surveys; Monitor utilization of benefits and prevent cost escalation. Work on benefits harmonization across division C&B Processes & Compliance - Manage and ensure compliance with corporate gov- ernance, compensation & benefit related laws. Handle the site and global audits per- taining to C&B areas Budgeting - Facilitate the preparation of HR Budget for Salary overhead and other overheads with inputs from the Business Unit Heads and Senior Management; HR Policy - Create a sustainable and traceable structure & system to properly document different access levels of HR policies; Be HR Policy champion to involve relevant parties to create, review, update policies; Responsible for HR policies communication to reach intended group of audience. Work on the policy harmonization across divisions Vendor Management: Responsible for managing an effective relationship with HR vendors such as consulting companies for compensation and benefits surveys and Legal Consultant C&B Analytics: Perform C&B Analytics to provide insights to business and leader- ship teams that assist in decision making. Analyze Division positions internal equity and take corrective actions as needed Wage Administration: Manage Division wage administration, taking into account the Group proposals, competitive analysis and internal pay equity. Reward & Recognition: Review, manage and implement the Reward & Recognition programs and retention plans C&B Education: Strengthen the C&B awareness by conducting C&B education ses- sions for the HRBP s, TAS, Managers and associates. Minimum requirementsWhat you ll bring to the role: Financial and Business Results: Manage the allotted budgets Strategy/ Market Focus: C&B strategy with a focus to retain attract and develop talent which aims in meeting the business strategy. Internal equity of Division salaries and benefits Operational Excellence: Directly responsible for all Data related C&B compliance and meet the company level standards. People, Capabilities, and Management: Employee retention rate across key roles and segments Satisfaction of top employees with benefits program and administrationPost- graduate HR specialization (Master in Business Administration, Master of Arts in HR, Master of Arts in Social Sciences etc. ) English 5- 8 years in Compensation & BenefitsWhy consider Novartis750 million. That s how many lives our products touch. And while we re proud of that fact, in this world of digital and technological transformation, we must also ask ourselves this: how can we continue to improve and extend even more people s livesWe believe the answers are found when curious, courageous and collaborative people like you are brought together in an inspiring environment. Where you re given opportunities to explore the power of digital and data. Where you re empowered to risk failure by taking smart risks, and where you re surrounded by people who share your determination to tackle the world s toughest medical challenges. We are Novartis. Join us and help us reimagine medicine. DivisionNBS Business UnitHR NBS CountryIndia Work LocationMumbai Company/ Legal EntityNov Hltcr Shared Services IndFunctional AreaHuman Resources Job TypeFull TimeEmployment TypeRegular,

Keyskills :
insurancemarketingsalesocialsciencesemployeeretentionhumanresourcescustomerrelationssharedservicesbusinessstrategymarketdataseniormanagementlegalconsultancy