Danica Alvares
Total Rewards Specialist
Kurla (w),Maharashtra
Summary
Results oriented Total Rewards Specialist with 10 years of success boosting efficiency and streamlining procedures. Focused on overseeing financial, human resource and operational facets.
Overview
13
13
years of professional experience
1
1
Certification
2
2
years of post-secondary education
Work History
Rewards Analyst
Dentsu International
Mumbai, Maharashtra
01.2023 - Current
- Analysis to test affordability and impact of various reward plan changes across different groups of the workforce.
- Prepares and collates data and opinions on reward package for off cycle corrections, promotions, internal mobility.
- Leads the bonus and annual salary review processes, reward governance and reward and recognition and wellness initiatives often acting as main point of contact for the HRBP's. Liaise with finance teams for accurate provisioning of salaries and bonuses.
- Liaise with Benefits vendor and People Services to for successful operations on employee benefit renewals and recognition programs.
- External and internal compensation benchmarking and job evaluation , custodian of salary ranges across all job families and provides analysis on salary ranges.
- Prepares presentations on reward data and projects.
- Collaborates closely with regional and global teams to ensure accuracy and completeness of reward processes.
Compensation and Benefits Specialist
Bajaj Electricals Ltd.
Mumbai, Maharashtra
03.2021 - 12.2022
- Facilitate Performance management process to ensure on time goal setting, mid-year review, annual review, working closely with HRBPs to ensure process standardization and timeline adherence.
- Drive employee benefits and wellness initiatives and provide regular analysis and market benchmarking on best practices.
- Review and make annual recommendation of salaried merit budget, administration of increment process including compensation restructuring.
- Advice management on employment regulations, benefits and design and implementation and custodian of HR policies.
- Engagement during merger and acquisitions to support activities as they relate to compensation and benefits integration.
- Core team member for rollout of Job Evaluation exercise and Compensation Restructuring Exercise, analysis and review of job classification and reclassification to create compensation ranges and structure.
- Leveraging success factors modules of recruitment, onboarding, compensation and performance & goal management and support other HR digitization initiatives.
- Drive rewards and recognition program and facilitate change in process.
Deputy Manager - Compensation and HR Technology
Essel Propack Ltd.
Mumbai, Maharashtra
11.2018 - 03.2021
- Corporate annual budget, global manpower cost tracking and analysis.
- Compensation benchmarking and survey participation.
- Monitoring employee movement across 11 countries in SuccessFactors, updating Employee Records.
- Driving HR process automation for onboarding, recruitment, performance management & compensationsin SuccessFactors.
- Knowledge transfer to global HR team on recruitment, onboarding, employee central and offboarding, performance & goal Management, SAP jam and compensation modules post identification of training needs.
- Evaluating online training assessment through Learning Management System for proficiency levels in SuccessFactors.
- Auditing salary review, ESOP and variable pay program for 11 countries and salary determination for employees on international assignments.
Assistant Manager - HR Compensation and Benefits
Atos Syntel Pvt. Ltd
Mumbai, Maharashtra
07.2016 - 11.2018
- Internal and External compensation surveying and Benchmarking.
- Cost of living adjustments, salary structuring, global mobility.
- Partnering with Business HR to provide recommendations for compensation and benefits revision.
- HR policy benchmarking and redesign.
- Developed team communications and information for Corporate HR meetings.
Graduate Trainee
BNP Paribas India Solutions Pvt Ltd.
Mumbai, Maharashtra
11.2012 - 02.2014
- Accounts Payable module in SAP Fico.
- Journal entries, booking Purchase Orders, Prepayments and Asset Capitalization.
Education
Post Graduate Diploma in Management - Human Resources Management & Finance
Loyola Institute Of Business Administration
06.2014 - 03.2016
B.Com - Accounting And Finance
SIES College Of Commerce & Economics
03.2012
Certification
- Certified Rewards Ready, Aon, 2022-03-01
- HR Analytics and Metrics Professional, Middle Earth HR, 2018-11-01
- Basic NLP Practitioner, 2017-09-01
- SuccessFactors Compensation Module, 2020-01-01
- SuccessFactors Recruitment Module, 2020-04-01
Timeline
Rewards Analyst
Dentsu International
01.2023 - Current
Compensation and Benefits Specialist
Bajaj Electricals Ltd.
03.2021 - 12.2022
Deputy Manager - Compensation and HR Technology
Essel Propack Ltd.
11.2018 - 03.2021
Assistant Manager - HR Compensation and Benefits
Atos Syntel Pvt. Ltd
07.2016 - 11.2018
Post Graduate Diploma in Management - Human Resources Management & Finance
Loyola Institute Of Business Administration
06.2014 - 03.2016
Graduate Trainee
BNP Paribas India Solutions Pvt Ltd.
11.2012 - 02.2014
B.Com - Accounting And Finance
SIES College Of Commerce & Economics