Manager Compensation and Benefits - Mumbai job opportunity at Abbott.

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DatePosted 22 Days Ago bot
Abbott Manager Compensation and Benefits - Mumbai
Experience: 2-years
Pattern: full-time
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degreeAssociate
loacation India - Mumbai, India
loacation India - Mumbai....India

      JOB DESCRIPTION: Primary Job Function T h e role is a par t o f t he C&B I n di a te a m a n d w i l l h a ve t h e r es p o n sib i l ity of m a nagin g t h e compe n s at i on a n d ben e fits rel a t e d a ctivities f or t h e orga n i z ati o n T h is ro l e wi l l in d epende n t ly m a nage compen s at i on co n s ul t i ng f o r the specific business in I n di a, manage compensation analytics and benchmark studies along with projects Core Job Responsibilities C&B Cons u l t ing: P r ovi d e re g ul a r compen s at i on a n d ben e fits con s u lt i n g su ppo rt to defined b u si n esses to e ns u re that a ll d e c isions an d a c t i ons r e l a t e d t o C&B are i n line w i th Ab b ott p h i l o s op hy a n d guid e li ne s . P r ovi d e r ec om m enda t i o n s an d s uppor t d e c isi o n makin g f o r various pa y actions (jo b o ffe r s , p r om o t i ons, e qu it y i ncre a se s , bonus b uy ou t s , et c . ) by u ti l i z i n g s u rv e y s ou r c es, mar k e t r ef e ren ce s , in t e r n a l equ i ty, an d other da t a as ap pr op ri ate Jo b Ev a l u at i o n: Man a ge j o b evaluation requests f r o m b u si n ess f or ne w / ex i s tin g posit i on s an d r e com m e n d sal a ry g rad e s as a p p ro p r iate. Support business and myHR in ensuring correct grade fitment for roles System / Tools Management: Would be required to navigate and work on all the Compensation and Benefits related systems and tools at Abbott. Responsible for tracking compensation related actions and regular maintenance and upgrades to the excel based tools. Annual Merit Increase & Incentive calculations: Manage annual merit process including design, implementation of guidelines and governance (Workday), merit reporting, local incentive plan calculations and payroll inputs and other activities as required. Preparation of taxonomies to provide in depth merit analysis to business Market Benchmarking & Pay Structures: Support in compensation benchmarking and other benchmarking studies as required across Abbott in line with local/ global contract and utilize the same to create grade-wise / role-wise pay ranges, provide market insights and analytical support to business for decision making etc. Global Mobility: Managing the coordination associated with inbound and outbound employee movement, including payroll changes and stakeholder management. C&B P o l ic ies: R ev i ew p ro c esses a n d po l ic i es to r ec o m m end a p p r o p riate c ha n g e s . Sup p or t i n har m o n i z a ti o n of po l ici e s a n d p r o ce s s e s a s r e qu i r ed C&B Initiat i ves & P r o j e c t s : Manage sp ec i a l co m pe n sati o n an d b enefits p ro j e c t s includin g r e - organ i z ati o n s, g o ve r nm e n t -m a n d ate d c h a n g e s , e t c . Supervisory/Management Responsibilities Individual Contributor Position Accountability / Scope The role reports to the Head, Compensation and Benefits, Non Pharma Minimum Education The role requires an MBA from a good college with a specialization in HR. Additional qualifications related to C&B are desirable Minimum Experience/Training Required 4 yea r s of experience as Hum an R e so u r c e s p r ofessi o n a l w i th minimum of 2 years in Comp role Knowledge o f f u nda m e nt a l a sp e c t s o f com pens at i on ( base pay, l o n g - t e rm in cen t ive p r og r a ms, ann u al ince nt i v e p r ogr a ms etc.) Sh o uld have w or k e d w i th r e pu t ed India n /Mult i n a t i o n al o rga n i z ations / Should have worked with reputed Indian/Multinational organizations/HR consulting organizations       The base pay for this position is N/A In specific locations, the pay range may vary from the range posted.       JOB FAMILY: Compensation & Benefits       DIVISION: CHR Corporate Human Resources          LOCATION: India > Mumbai : BKC Building       ADDITIONAL LOCATIONS:       WORK SHIFT: Standard       TRAVEL: Yes, 20 % of the Time       MEDICAL SURVEILLANCE: Not Applicable       SIGNIFICANT WORK ACTIVITIES: Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)                  

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