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
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