Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic
Shikha Rani

Shikha Rani

Human Resource Specialist
Pune

Summary

Dynamic HR Specialist and Compensation Expert with a proven track record of success in implementing strategic compensation and benefits programs. With hands-on experience in data analysis and HR reporting, I bring a blend of analytical skills and HR expertise to drive business performance and employee satisfaction. Adept at strategic thinking, onboarding, HRIS expertise, and compensation management. Eager to leverage my highly organized, problem-solving, and multitasking skills to excel as an HR Specialist and HRBP Lead. Maintains strong stakeholder focus and service-oriented attitude with excellent organization and interpersonal skills to excel in multi-cultural environment.

Overview

7
7
years of professional experience
5
5
years of post-secondary education
4
4
Languages

Work History

HR Specialist (Compensation & Benefits) , HRBP Lead

Bajaj Finance Limited
1 2023 - 8 2023
  • Designed and implemented a flexible benefits program, resulting in a 15% increase in employee satisfaction
  • Collaborated with finance and legal teams to ensure compliance with regulatory requirements in compensation and benefits programs
  • Developed and implemented a performance-based incentive program, resulting in improved employee performance and retention
  • Led the implementation of a new HRBP model, resulting in more effective HR support for business units
  • Worked with internal teams like Talent and Employee Communications to design, ideate and execute the benefits and wellbeing related employee engagement plan
  • Identified and implemented process improvement initiatives to enhance benefits operations
  • Supported on benefit renewals related activities and completing contract agreement documentation
  • Utilized analytics and utilization data to inform design and decision making around wellness programs.

HR Specialist (Compensation & Benefits) , HRBP Lead

ThyssenKrupp Industries India limited
06.2022 - 01.2023
  • Led the implementation of a new compensation structure resulting in improved cost control
  • Developed and implemented an employee communication strategy for compensation changes, resulting in increased employee understanding and satisfaction
  • Analyzed and optimized executive compensation packages to attract and retain top talent
  • Developed and conducted training sessions for managers on compensation best practices and compliance
  • Implemented the 9 box grid
  • Pay for performance & potential
  • Rolled out Promotion guidelines, salary correction across both the plants
  • Analysis of CPH
  • Collaborated with Mercer for job evaluation for all the top leadership.
  • Collaborated with cross-functional teams to achieve project goals on time and within budget.

Compensation Specialist

Tata Consultancy Services
06.2016 - 11.2021
  • Introduced new compensation programs resulting in improved employee satisfaction
  • Analyzed market data to ensure competitive and attractive compensation packages
  • Developed and conducted training programs for HR teams on new compensation strategies
  • Implemented a streamlined compensation review process, reducing processing time by 20%
  • Built and drove the strategic design and execution of the company's compensation, and benefits programs
  • Analyzed employee, market, and financial data to summarize findings, draw insights, and support recommendations on compensation programs and initiatives
  • Facilitated the company's performance management cycle for 2500+ employees
  • Regularly bench marked company programs and monitor external trends and salary survey data in order to proactively adjust company plans and programs to ensure market competitiveness.
  • Administered annual merit increase process by working closely with department heads to determine appropriate adjustments based on individual performance evaluations.

Corporate HR

Tata Steel Long Products
02.2022 - 05.2022
  • Supported the annual compensation review planning process, pay equity implementation and compliance
  • Stayed abreast of existing and proposed statutory and legal requirements, and worked on appropriate course of action as needed
  • Validated final payroll inputs relevant to compensation team data consistency check, corrections and conducted regular audits
  • Supported special projects with regards to compensation framework and guidelines
  • Benchmarking compensation and incentive programs with our peer group and companies adopting best practices in this space
  • Administered employee health and wellbeing benefit programs, including employee communications
  • Increased program visibility by developing a thoughtful engagement calendar and touch points with employees to reinforce benefit offerings
  • Worked with internal teams like Talent and Employee Communications to design, ideate and execute the benefits and wellbeing related employee engagement plan.
  • Streamlined HR processes for increased efficiency and reduced administrative workload.

Education

MBA -

ICFAI Business School
Hyderabad, Telangana
06.2014 - 05.2016

BBA - undefined

Birla school of Technology
Ranchi, Jharkhand
06.2010 - 05.2013

Skills

Communication Skills

Compensation Expertise

Strategic Thinking

Benefits Administration

Performance Management

SAP SuccessFactors

Root Cause Analysis

Accomplishments

  • Recognition by MD& CEO for conceptualization and implementation of 9 box matrix for performance and potential evaluation.
  • Recognition by Head HR for implementation of FitforLyf wellness program for 2500+ employees across pan India.
  • Recognition for successful implementation of Oton at Tata Group.
  • Recognition for collaborating with Mercer and leading the salary correction for both the plants.
  • Awarded with Heroes,Kudos and Super Heroes at Bajaj Finance Limited for successfully carrying out the pay review

Timeline

HR Specialist (Compensation & Benefits) , HRBP Lead

ThyssenKrupp Industries India limited
06.2022 - 01.2023

Corporate HR

Tata Steel Long Products
02.2022 - 05.2022

Compensation Specialist

Tata Consultancy Services
06.2016 - 11.2021

MBA -

ICFAI Business School
06.2014 - 05.2016

BBA - undefined

Birla school of Technology
06.2010 - 05.2013

HR Specialist (Compensation & Benefits) , HRBP Lead

Bajaj Finance Limited
1 2023 - 8 2023

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Shikha RaniHuman Resource Specialist