Hiral Joshi
HR Professional
Mumbai
Summary
Experienced HR professional specializing in compensation and benefits management. Strong communicator with a strategic mindset, committed to driving organizational success through innovative HR solutions
Overview
8
8
years of professional experience
19
19
years of post-secondary education
3
3
Certifications
Work History
AVP, Compensation & Benefits
Sumitomo Mitsui Banking Corporation
12.2023 - Current
- Manage the annual performance cycle, ensuring fair evaluations and timely processes.
- Conduct a thorough benchmarking exercise for appointment letters, resulting in the enhancement of existing formats to align with industry standards.
- Manage annual budgeting exercise to strategically allocate resources in alignment with organizational objectives
- As a project Lead (HR), spearheaded the establishment of a branch in GIFT City, Gujarat, overseeing HR & compliance requirements
- Analyze and implement recommendations for any off-cycle salary corrections and retention cases, to ensure fair and competitive compensation practices
- Devise a comprehensive bonus pay-out strategy, incentivizing performance and fostering alignment with business goals.
- Oversee policy development and review for compensation, benefits, and HR practices, to ensure compliance and the adoption of best practices
- Collaborating with senior leadership to develop and implement strategic compensation and benefits plans that support organizational objectives
- Orchestrated the automation and standardization of internal templates to enhance efficiency and streamline processes, while also developing dynamic dashboards to provide real-time insights into compensation and benefits data
Lead Compensation & Benefits
Aditya Birla Capital
07.2023 - 12.2023
- Manage the annual performance cycle to ensure fair evaluations and facilitate timely processes.
- Conduct job analysis and evaluation to maintain internal equity and consistency in compensation structures.
- Develop deferred bonus plans to incentivize talent retention and reward high performance.
- Publish monthly dynamic dashboards (HR Analytics) with Power BI support to facilitate data-driven decision-making.
- Track budget vs. actual HR cost to ensure financial accountability and optimize resource allocation.
- Conduct benchmarking exercises to assess the competitiveness of compensation and benefits packages.
- Support all audit requirements to ensure compliance with regulatory standards and internal policies.
- Publish relevant data to Zonal HRs & Functional Heads to facilitate informed decision-making.
- Create need-based compensation templates such as Offer Fitment Template and Retention Template.
- Track monthly attrition rates and identified areas for improvement to reduce turnover.
- Support LTIP execution to align employee incentives with long-term organizational goals.
- Manage strategic workforce planning initiatives to anticipate and address future talent needs.
- Supported yearly planning and budgeting activities to align compensation and benefits programs with organizational objectives.
Manager Compensation & Benefits
Aditya Birla Capital
12.2021 - 07.2023
Global Compensation Specialist
WNS Global Services
09.2021 - 12.2021
- Manage Global Quarterly Performance Cycle
- Work on Global Benchmarking
- Work on Reward Bouquet
Manager, Compensation
Fullerton India Credit Company LTD
04.2021 - 08.2021
- Orchestrated the Annual Performance Cycle, beginning with the creation of budgets through various simulation models, followed by the execution of distribution and alignment with the overall compensation philosophy.
- Manage Retention & Internal Job Posting (IJP) Pay Change Recommendations at the organizational level to ensure retention of key talent and facilitate internal mobility.
- Support Numeration and Remuneration Committee /Disclosure requirements, ensuring transparency and compliance with regulatory standards.
- Lead HRIS Automation projects pertaining to Compensation, streamlining processes and enhancing data accuracy and efficiency.
- Develop and update various policies related to compensation and benefits, ensuring alignment with industry best practices and regulatory requirements.
- Support Long-Term Incentive (LTI) & Bonus Plans.
- Manage the entire employee lifecycle for HR employees, from recruitment and onboarding to performance management and separation.
- Conduct Compensation Benchmarking to assess the competitiveness of compensation packages and inform strategic decision-making.
- Oversee Compensation & Payroll Support functions, ensuring accurate and timely processing of compensation-related transactions.
- Create monthly Dynamic Dashboards to provide actionable insights into key compensation metrics and trends.
- Conduct monthly compliance checks, including Minimum Wages, to ensure overall governance and regulatory compliance.
- Manage various audit requirements, collaborating with internal and external auditors to facilitate audits and address findings.
Assistant Manager - Compensation & Benefits
Fullerton India Credit Company LTD
11.2019 - 03.2021
HR Executive
Fullerton India Credit Company LTD
06.2018 - 10.2019
- Manage the Employee Life Cycle from Hire to Exit, ensuring smooth transitions and adherence to company policies and procedures.
- Conduct Stakeholder Management to effectively communicate with and address the needs of key internal and external stakeholders.
- Lead Talent Acquisition efforts, including conducting reference checks, liaising with various consultants, and overseeing screening interviews and offer negotiations.
- Handle Employee Grievances promptly and professionally, fostering a positive and supportive work environment.
- Manage employee life cycle changes on the HRIS system, ensuring accurate and up-to-date employee records.
Team Leader Recrutiment
Ensure Placements
03.2017 - 01.2018
- Oversee and guide the recruitment team in fulfilling organizational staffing needs efficiently and effectively
- Understand Client Requirements and corresponding skills required, to align recruitment strategies with the needs of our clients and the organization.
- Manage Bulk Hiring & Other Roles, coordinating recruitment efforts for bulk hiring projects and other specialized roles as required
Project Cum HR Coordinator
PACE Business Machines PVT LTD
09.2016 - 02.2017
- Prepare Excel Reports to track project progress, resource allocation, and budget management, ensuring accurate and timely reporting to stakeholders.
- Assisting with Recruitment & Documentation processes, including sourcing candidates, conducting initial screenings, and managing documentation such as resumes, offer letters, and employee contracts
Education
PGDM (HR) -
TISS, Mumbai
04.2001 - 04.2020
BMS - undefined
Somaiya Degree College, Mumbai
Skills
Strong Organizational & Analytical Skills
Proactive & Resourceful
Strong written & communication skills
Have experience managing HRBP, HR Operations & HR Generalist roles in the past that assists in better understanding of HR as a overall function
Certification
Building Career Development Programs & Succession Planning – Skillsoft
Timeline
AVP, Compensation & Benefits
Sumitomo Mitsui Banking Corporation
12.2023 - Current
Lead Compensation & Benefits
Aditya Birla Capital
07.2023 - 12.2023
Manager Compensation & Benefits
Aditya Birla Capital
12.2021 - 07.2023
Global Compensation Specialist
WNS Global Services
09.2021 - 12.2021
Manager, Compensation
Fullerton India Credit Company LTD
04.2021 - 08.2021
Assistant Manager - Compensation & Benefits
Fullerton India Credit Company LTD
11.2019 - 03.2021
HR Executive
Fullerton India Credit Company LTD
06.2018 - 10.2019
Team Leader Recrutiment
Ensure Placements
03.2017 - 01.2018
Project Cum HR Coordinator
PACE Business Machines PVT LTD
09.2016 - 02.2017
PGDM (HR) -
TISS, Mumbai
04.2001 - 04.2020
BMS - undefined
Somaiya Degree College, Mumbai
Similar Profiles
MANABU SAKUDAMANABU SAKUDA
Regional Sales Manager at Transaction Banking Solutions Department, Sumitomo Mitsui Banking Corporation Singapore BranchRegional Sales Manager at Transaction Banking Solutions Department, Sumitomo Mitsui Banking Corporation Singapore Branch
Huda BhattiHuda Bhatti
Assistant Vice President - Compliance & Monitoring at Sumitomo Mitsui Banking CorporationAssistant Vice President - Compliance & Monitoring at Sumitomo Mitsui Banking Corporation
IVETTE ORTIZIVETTE ORTIZ
Director – Expense Manager at Sumitomo Mitsui Banking Corporation, Americas DivisionDirector – Expense Manager at Sumitomo Mitsui Banking Corporation, Americas Division
ABDUL-HAKIYM AKBARABDUL-HAKIYM AKBAR
Analyst at Sumitomo Mitsui Banking CorporationAnalyst at Sumitomo Mitsui Banking Corporation
Suraj SethSuraj Seth
Assistant Manager – Direct Tax at CBV & Associates LLPAssistant Manager – Direct Tax at CBV & Associates LLP