SAURABH KUMAR

Promotion: March 2022

Global lead for design, review, and execution of MD Comp frameworks, catering to leadership talent within acquired organizations.

• Developing KPI scorecards and aligning different variable pay components to KRAs or business objectives
• Tracking of BU performance, individual MD achievements as per scorecards and computing final variable pay estimates as well as payouts, which serve as crucial inputs to Board meetings, and as budgeting inputs to financial planning
• Design and development of compensation practice related reporting & dashboards for the EC/OC committee
• Evaluation of reward practices, developing cost models, forecast analyses and plan design recommendations on a variety of global programs, budgets and tools
• Perform job evaluation, benchmarking and compensation structure design, which aid leadership decision making
• Lead analysis on base pay as well as Total Comp market positioning and salary range structures
• Develop tools and repositories to provide a centralized solution for a comparison of roles across BUs / markets using Workday profiling
• Facilitating workshops and designing use cases for driving adoption of Generative Ai tools at BCG (ChatGPT, Deckster, NAVI etc.)

Management of C&B policies, annual salary revisions and incentive plans
• Overseeing all aspects of manpower planning including communication to relevant stakeholders, and preparing budget proposals for ExCo's / Board's approval
• Month on month tracking of HC and Cost movements to keep leadership team and BU Heads apprised on the business plan versus actuals
• Management of Cash / ESOP plans from roll out, budgeting, managing communications till pay-out phase
• End to end PMS lifecycle and bonus plan management
• Develop cost impact models for compensation related plans/initiatives for ExCo's consideration and approval
• Support hiring team in preparing compensation proposals for potential hires (National as well as Expats)
• Responsible for SOX compliance around C&B policies
• Guide HRBPs on compensation related issues and interpret applicable labour laws regulating compensation practices
• Providing compensation details related to regulatory filings such as CXO compensation, Sustainability reports etc.
• Performing various C&B related analytics and publishing of reports to HR leaders

Promotion: July 2018

Responsible for managing and implementing Corporate C&B policies and guidelines for India region (~ 55,000 employees)
• Monitor effectiveness of existing compensation guidelines/processes from various perspectives like SOX compliance, market trends, cost effectiveness and corporate objectives
• Liaise with business/regional HR teams on interpretation of C&B policies and guidelines in order to arrive at better pay decisions and drive talent retention
• Responsible for participation in global compensation benchmarking surveys
• Responsible for end-to-end management of Cash plans (up to AVP band), Statutory and Annual performance bonus activities (performing audits, budget tracking, publishing dashboards, completion of entries)
• Compiling and performing data analysis for presenting various insights/reports on C&B interventions at organization level
• Support annual planning, forecasting and budgeting exercise with respect to various C&B interventions
• Guide business/line HR teams on issues and concerns related to various benefits programs including statutory (like Gratuity, ESIC, Maternity, EPF, bonus, EDLI), Insurances, Car/House lease etc. benefits.

Led HR function for Semac Delhi
• Part of Breakthrough project (T20), responsible for Org Transformation i.e. individual profit centres to centralized one
• Spearheaded the implementation of Mediclaim policy across organization which included vendor selection, covenants finalization and execution plan across India
• Conducted feedback and counseling sessions for employees along for identifying performance and training gaps, and devise action plans to fill them up through structured PIPs
• Re-structured Compensation structure across Semac Delhi office so as to keep all compliances in check
• Identified and resolved various compliance issues related to ESIC, Gratuity, PF etc.

Promotion: Jan 2012

As part of Global Markets BU, was involved with team managing trading systems for one of world's largest integrated oil companies
• Quickly ramped up on financial tools and technology, playing key role in managing BizTalk interface, Solar RightAngle tool