Susanta Sahu

Compensation:

• Preparation of annual compensation and benefits budget for India. Includes monitoring and reporting for any adjustments
• End to end implementation of yearly C&B programs like pay budgeting, pay review, variable compensation pay-outs, promotions etc.
• Developing and maintaining internal and external benchmarks by working closely with external vendors, internal analytics teams. This will include -
• Conducting salary and labour market research to define benchmarks
• Analyzing different components of the remuneration scheme in the organization and preparing reports about the internal equity and external competitiveness
• Using various methods and techniques and recommending data based decisions on direct financial, indirect financial and nonfinancial compensations
• Leading, managing or participating in the strategic projects and initiatives
• Advising business HRs in taking difficult decisions in the area of compensation, benefits and employee engagement
• Applying effective communication strategies and keeping abreast with new trends and best practices in the industry
• Conducting / assisting in periodic audits

Benefits:

• Designing, researching and creating policies and benefit
• Monitoring and benchmarking benefit trends and best practice
• Creating benefit proposals and analysis for management
• Ensuring compliance as per local and state laws
• Collaborating with vendors to manage multiple benefit programs
• Administering the organization’s benefits programs
• Analyzing data and tracking benefit program effectiveness
• Change management of policies

• Engage with Business Leaders to provide advisory from a Total Rewards perspective and manage function specific compensation programs in line with business objectives of the respective service lines/functions.
• Ensuring and managing PMS policies and processes are followed across function and division.
• Preparing compensation strategy and guidelines for the country across all division.
• Review of performance parameters and feedback to the stakeholders.
• Assessing the understanding the country need and design the targeted program like bonus, STI target % etc.
• Prepare the HR Budget and a compensation and benefits budget, including regular monitoring, reporting, and adjusting of the budget.
• Manage competitive analysis of compensation and employee benefit plans, programs, and arrangements through periodic benchmarking and participation in market surveys.
• Provide competitive pay analysis and recommend short- and long-term incentive programs that address evolving organizational challenges.
• Ensure that compensation practices and programs are market competitive and attract, retain, and motivate employees.
• Manage broad-based compensation programs and merit cycles, including annual salary review, bonus, and equity planning.
• Benefits - Review, design, implement and communicate benefits programs and activities through robust analysis of market data, trends and participation in relevant market surveys
• Monitor utilization of benefits and prevent cost escalation
• Work on benefits harmonization across the divisions.
• Perform C&B Analytics that provide insights to business and leadership teams and assist them in decision making
• Provides consulting and business partnering with leaders in achieving company objectives while providing the right benefits for Employees
• Analyze Division positions internal equity and take corrective actions as needed.
• Providing and ensuring compliance with all government regulations related to compensation and benefits.
• Manage market benchmarking process, validate market information, and finalize data points across existing job families.
• Manage compensation review process and related requirements for annual merit cycles for all division.
• Design hiring ranges for various job families and across all levels.
• Provide insights and analytics to Business Leaders and Talent Acquisition on internal/external trends.

· Participation in Compensation and Benefits Benchmarking for North America (US & Canada).

· Research into Compensation trends and benefit strategies for N America.

· Executive compensation Management

· Cost of living calculation and social security plans determination for N America

· Annual Increment Budget Exercise

· Quartile reports preparation to determine Total rewards

· Ensure the PMS polices are executed in across division.

· Various C&B related reporting exercise

· Annual compensation review cycle for Merit and bonus pay out

· Monitoring and adjusting country budget

· Support on the Comprehensive process of Job Evaluation Method of MERCER

· Coverage on Grading System of Mercer Universal Position Code, Career Level Code, Position Class etc.

· Responsible for Benchmarking and Salary increase surveys.

· Participation in benchmarking surveys and creating job matches for current year.

· Providing reports on compensation for analysis like budgeting, attritions etc.

· Supporting the compensation and benefit programs

· Collaborating with vendors for benefit programs

· Coordinating with healthcare providers for insurance package