Job Description
Primary Job Function
The role leads the Compensation and Benefits function for a designated business segment of Abbott India, serving as a strategic advisor to HR and business leadership on compensation, benefits, wellness, and workforce rewards strategies.
It also leads the C&B products such as Benefits, Wellness, Compliances, Compensation analytics or salary structures for all India businesses as a product cutting across all business divisions.
Core Job Responsibilities
The role is responsible for the Compensation and Benefits function for a business segment in India HR and will partner with internal clients, including HR and Business Leaders, to design, review and update compensation and benefits policies and processes through internal and external feedback to attract, motivate and retain employees.
Compensation Consulting
Serve as a trusted advisor to HR and business leaders by providing regular compensation and benefits consulting support and ensuring all decisions and actions related to C&B are in line with Abbott philosophy and guidelines.
Provide recommendations and support decision-making for job evaluations and various pay actions, including job offers, promotions, equity increases and bonus buyouts, by utilizing survey sources, market references, internal equity and other relevant data to support the business in ensuring correct pay and grade fitment for roles.
Compensation Benchmarking & Salary Structures
Drive market benchmarking using multiple survey sources and external market intelligence to assess the competitiveness of compensation programs.
Develop, review and revise salary structures and pay ranges to support internal equity and market competitiveness.
Support annual compensation planning activities, including salary reviews, incentive planning and pay governance processes.
Analyze market trends and emerging compensation practices to recommend enhancements to compensation programs and policies.
Benefits & Wellness
Drive benefits and wellness programs across all businesses for India. These include retirals, insured benefits, flexible benefits and car benefits to ensure the organization has competitive, market-aligned and cost-effective benefits policies and practices for the India region, covering India, Nepal and Sri Lanka.
Review and renew benefits policies, including negotiations with vendors.
Provide support in recommending appropriate changes in the harmonization of benefits, policies and processes as required during business acquisitions.
Review, design and drive the implementation of the Benefits Communication Strategy for the organization, including the digital strategy on the local HR portal.
Create, review and program-manage the India Wellness Strategy, ensuring effective implementation of agreed initiatives and annual publication of the India Wellness Calendar.
Manage vendors supporting the Employee Assistance Program, Health Screening and Condition Management Programs.
Create metrics for Benefits and Wellness programs and assume an informal or formal leadership role within teams while project-managing initiatives such as the India Wellness Program for cross-functional teams.
Data Analytics and Dashboarding
Develop and maintain compensation, benefits, wellness and compliance dashboards to provide actionable insights for leadership decision-making.
Establish and monitor KPIs and effectiveness metrics for compensation, benefits and wellness programs. Analyze relevant data to identify trends, risks and opportunities.
Leverage advanced analytics to identify compensation, benefits and workforce trends, providing insights and recommendations to support strategic decision-making and India, APAC and global stakeholders.
C&B Initiatives & Projects
Manage special compensation and benefits projects, including driving global integration, reorganizations and harmonization projects.
Compliance and Governance
Drive governance and statutory C&B compliances across the organization, including labour law compliance, minimum wage adherence, implementation of regulatory changes and the establishment of robust compensation and benefits governance frameworks.
Supervisory and Management Responsibilities
The role reports to the Director - Compensation and Benefits, India Region.
The position has managerial and supervisory responsibility with one direct report.
Qualification & Experience
10+ years of progressive HR experience with expertise in compensation and benefits.
A mix of consulting and industry background is preferred.
Knowledge of fundamental aspects of compensation, including base pay, LTI programs and annual incentive programs, is essential.
In-depth knowledge of benchmarking, salary structures, benefits and wellness in a large corporate setup is required.
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Success Stories from Candidates Placed in this Field
ABHIJEET SAWANT - MUMBAI
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