Corporate HR - Compensation & Benefit (PSS06737)

About the client - PSS has been mandated to hire a Corporate HR (Compensation & Benefits Specialist) for one of the prominent microfinance institutions (MFI) based in India. The organization aims to provide financial services primarily to low-income households and women entrepreneurs in rural and semi-urban areas. It focuses on microfinance activities, including providing microloans, savings products, and financial literacy programs to empower its clients economically. Offers microloans for various purposes such as income generation activities, agriculture, livestock, and small businesses.

Job Purpose –: Compensation and Benefits Specialist focuses on designing, managing, and optimizing employee compensation packages and benefits programs to attract, retain, and motivate talent.

Key Responsibilities –

Preparing Manpower Planning and Annual Operating Plan Budgets
Compensation surveys
Pay Range Design - Benefit Programs Survey
Rewards Management - Framing HR policies and processes and publishing.
Collaborate with Heads of Departments (HODs) to prepare comprehensive job descriptions for all roles and designations.
Manage both H1 and H2 Performance Management System (PMS) cycles.
Oversee HR-related management projects, collaborating with HR consultants on various management projects related to HR.
Guide employees on Flexi pay benefits and ensure compliance with relevant policies. - Provide organizational-level data on employee surveys, Long
Term Incentive Plans (LTIPs), etc.
Prepare costing based on AOP data for organizational planning purposes.
Conduct communication sessions to inform employees about policy amendments and new initiatives.

Education Qualification & Experience –

1. MBA in Human Resource Management

2. Minimum 10 Years in a Microfinance Institution