3 - 7 years
11.0 - 15.0 Lacs P.A.
Mumbai
Posted:2 months ago| Platform:
Work from Office
Full Time
Overview The Performance & Reward Specialist will report to Director, Remuneration & Benefits based in Australia with a dotted reporting line to Director, HR based in India. This role will be actively involved in the delivery and maintenance of MUFG PMS global remuneration and benefit programs and strategy. You will support and be involved in reporting and analytics related to these remuneration and benefits programs. Key Accountabilities and main responsibilities Support the Remuneration & Benefits Programs Support the effective delivery of the Performance Management (Goal Setting/Mid-Year Review and End of Year Review) and Remuneration Review programs. Work in collaboration with HR systems to ensure the performance management and remuneration review programs are effectively enabled by system setup, appropriate pay ranges, configuration, open/due dates/close requirements. Conduct system testing and confirm requirements with HR Systems to ensure system content, flow and language enable the purpose and requirements of the processes. Prepare data for remuneration review and bonus allocation, including eligibility criteria, budget pools and define the planning-manager population. Provide reporting dimensions (e.g. completion/rating across all business units) that cannot be easily produced by available dashboard reports. Produce reporting and insights including review completion, ratings distribution, remuneration planning distribution, bonus allocation and budget usage. Manage insurance benefits alongside the market HR teams, specifically in HK and India Continuously review and update existing processes for operational efficiency. Data Analytics & Reporting Support with analysis related to cleaning up and aligning the internal Job Architecture for all employees. Provide analysis to support the delivery of a transparent Job Architecture for the organisation. Provide extract data reports applying the appropriate custom parameters for MUFG PMS including comparison group, pay components and regional/city specific data where required. Prepare survey submissions including position matching, salary, bonus and equity and HR Practices. Support with developing salary ranges and uploading these to HRIS and linked to job codes. Periodically revise the survey matching data across the organisation to identify inconsistency in matching, data anomalies, opportunities for simplification and incomplete matching. Develop and implement solutions to identified issues by HRBP consultation, data correction, process/configuration refinement or other channels as required. Prepare and aubmit annual census data file for Salary Continuance and other benefits Complete Gender Pay Gap analyses globally Support the Director with compiling and providing analysis for the Remuneration (Board) committee papers People Work closely with stakeholders to be recognised as a key member of the Performance & Reward team, actively exhibiting a high performing culture and MPMS values across the business. Foster strong working relationships with external vendors and internal stakeholders. Governance & Risk Ensure compliance with all regulations, industry standards and MPMS values. Keep up to date with regulatory or legislative changes that may impact reporting processes. Promote a best-practise culture within the business through training, education and compliance awareness. The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs. Experience & Personal Attributes Bachelor s degree in Human Resources, Finance, Business, or a related field desirable 5+ years of experience in compensation, benefits, or HR analytics. Strong analytical skills with proficiency in Excel, HRIS, and data visualization tools. Knowledge of job evaluation methodologies and market benchmarking tools. Experience with performance management processes and frameworks. Demonstarted ability to handle sensitive information with discretion and confidentiality. Excellent communication and stakeholder management skills. Strong problem-solving, with clear decision-making skills to analyse complex information, in a way that drives resolution Demonstrated capability and motivation to embrace new technology and ways of working. Highly organised and meticulous to ensure efficient processing of data Ability to effectively collaborate,influence and build partnerships across internal stakeholders and balance competing interests
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