JOB DETAILS
Job description
Objective
To support the implementation of ITCs compensation and benefits programs. To support internal business partners to execute benefits, compensation-related requirements.
1. Benchmarking
Participate in the compensation benchmarking programme.
Preparing the structure document as a stepping stone of Job Matching activity
Participate in the Job Matching Activity, working closely with the consultants.
End to end coordination with the consultants along with the ITC Businesses
Payroll Data submission as a participant of the survey
2. Remuneration Revision
Assisting in making remuneration proposals for all the Cluster wise businesses of ITC
Preparation of Remuneration Revision & Variable Pay Tables
Validating the Junior Management Remuneration Revision Fitments
Preparing the Junior Management Remuneration Revision Fitment for Corporate Functions
Remuneration Revision & Calculation for subsidiaries
Preparation of proposal notes received from Businesses and do related analysis
3. Fitments
Managing the Inter- Divisional (Cross Business) transfer fitments, validating the same with the approved metrices
Facilitating the promotion fitments across businesses
Maintaining and updating the Remuneration Metrices for all Remuneration Grades across ITC
Ensuring timely Remuneration Revision for the Campus Batches every year.
Managing the Remuneration Revision on Confirmation cases
Prepare, maintain & update the Employee Database along with remuneration details for the Junior Management population at a PAN ITC level.
4. Compensation Database
Design and prepare the compensation database: Historical Profile of employees, Variable Pay Master, Promotion Increase etc
Preparing the Market Compensation Viz a Viz ITC Compensation analysis at the time of Remuneration revision
Updating the Payroll data in employee master on a monthly basis
Managing and maintaining the compensation data in a way so that any kind of ad hoc analysis can be derived
5. Other C&B Surveys
Participate and submit the data for the Compensation Planning Surveys
Salary Increase Survey
Retirement benefits Survey
Workforce and Trend Increment Survey
Annual Executive Rewards Survey
Campus Survey
6. HR Operations-related activities pertaining to responding to remuneration-related queries, C&B documentation and archival of all notes, etc.
7. Annual Budget & Other Analysis
Manpower Cost Budgeting for the Junior Management population
Assisting in the preparation of Budgeting template for all divisions
Function wise post revision CTC cost analysis across divisions
Preparation of compensation-related data for HR analytics dashboard
Assisting the Team to arrive at certain Compensation Related proposal via Market Research and Secondary research
Please email your CVs to marianne.gonsalves@itc.in
RoleC & B Management
Industry TypeFMCG
Functional AreaHuman Resources
Employment TypeFull Time, Permanent
Role CategoryCompensation & Benefits
Education
PG :MBA/PGDM in HR/Industrial Relations
Key Skills
Excellent MS excel and analytical skills
COMPANY DETAILS
About Company
ITC Limited
Company Info
Address37,,ITC LIMITED,J L NEHRU ROAD,KOLKATA, KOLKATA, West Bengal, India