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Support and execute compensation and benefits initiatives such as market surveys, compensation benchmarking, benefits plans, Performance Management System, payroll and other employee payout inputs, generation of MIS reports, repository creation of all JDs/KPI/KRA, audit needs, thus ensuring compensation & benefits plans are executed seamlessly across all business units viz ABML, ABIF, ABARC.
Job Context/Job Challenges:
Aditya Birla Money Limited (ABML) is primarily a Broking Company, deals in Equity, Commodity & Currency. Workforce of ~800 spread across ~40 locations with customer base of in excess of 3 lacs. Commodity operations are managed through its 100% subsidiary Aditya Birla Commodities Broking limited. ABML is one of the leading securities trading companies in the country. ABML operates in a fragmented equity broking business and has a daily turnover of close to 3,000 Crores with a market share of 1%. ABM works in a highly regulated environment with a host of regulators like SEBI, RBI, AMFI, FMC, IRDA etc. regulating its day to day operations. In addition to the regulator ABML is also subject to close monitoring and inspection through various agencies like NSE / BSE / NCDX / MCX / NSDL / CDSL etc. ABML also operates in a highly competitive market mainly in fragmented industry with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL etc. and a range of local broking outfits.
The Human Resources department manages the entire gamut of employee management and employee development activities for ABMML, ABML and ABCSPL. This includes Talent Acquisition, Training & Development, Compensation & performance management & HR Statutory Compliance.
The position is currently responsible for Three companies -Aditya Birla Money Ltd, Aditya Birla Infrastructure Finance Ltd & Aditya Birla Asset Reconstruction Company Ltd. These companies form part of the Aditya Birla Capitals core business and integral to the growth plan of ABCap.
The Chief Manager -Comp. & Benefits, supports the C&B function and will support the business on all compensation, remuneration and benefit related topics.
The major challenges in this role are:
Providing analysis and accurate data inputs in short timeframes within defined timelines
Ensure strategic plans with respect to compensation initiatives and benefits plans are executed seamlessly
Support in managing compensation and benefits programs in alignment with the ABCap Compensation architecture.
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Ensure accurate and timely payroll inputs | Ensure timely updation & generation of changes in salary annexures as and when due. Liaise with payroll team for timely processing of various employee payout inputs. |
| KRA2 | Execute the Annual Performance Management process with respect to data analyses in line with budgets & the proposal finalisation document as per given timelines | Analyse performance ratings, normal distribution curve and promotion recommendations Provide regular update on the rating summary pre / post performance appraisal to the Functional Heads Review employee records and ensure that information is uploaded on the Poornata system within defined TATs |
| KRA3 | Provide MIS & Analytics periodically on compensation and benefits utilization & ensure controls and Data Management | Support in the analysis of benefits utilization/ cash out trends/business performance (budgets vs actuals) Support in the analysis of comp & ben costing with respect to Manpower budgets for the year. Provide periodic & standardised reports on Goal setting, PMS completion, etc Provide dashboard on various C&B related analysis Provide and ensure quick availability for basic C&B data and various analytics to aid in making right and informed decision w.r.t. C&B and HR policies Ensure employee data is recorded accurately on Poornata system |
| KRA4 | Handle Compensation Helpdesk to support and close employee queries | Close all employee queries within TAT, especially during special initiatives and performance review cycles. Analyse the trend in the inflow of queries, arrive at FAQs for repeat queries Proactively help in closing requirements related to repeat queries by sharing information to hr help desk |
| KRA5 | Ensure smooth management of Poornata System for the organisation to ensure that employee records are maintained and updated in a timely manner | Ensure adequate documentation and updation of JDs/KPI/KRA for all the roles in the organization and their validity against goal settings of the respective incumbents. Collaborate on periodic information audits Ensure efficient data management on Poornata System pertaining to employee records |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 4-8 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Senior Manager - Compensation & Benefits at Aditya Birla Group.
This role requires around 4-8 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.