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ABCL
Aditya Birla Capital Limited

Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.

Nationwide Branches

1,740

No. of Employees

68,400

Agents/Channel Partners

2,00,000+

Aggregate Assets

INR 5.91 Lakh Cr

Consolidated Lending Book

INR 2 Lakh Cr
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Job Description

Aditya Birla Sun Life AMC Ltd

Team Member - Compensation and Benefits

Location: BSLAMC , One India Bulls Cente, Maharashtra
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Job Description

Key Result Areas 

Supporting Actions

Implementation of Performance Management practices

  • Drive performance management practices in the Organisation in line with the laid down processes 
  • Drive key milestones of performance management on HRIS like goal setting, mid year review and year end appraisal in a timely manner and also ensuring quality
  • Liaise with functional heads, business leadership and HR BP team to ensure smooth and timely compliance with system
  • Coordinate with training for educating employees on Performance Mgt online systems
  • Audit of Goal Setting and performance reviews for ensuring quality of Goals as well as quality of employee and manager inputs


Implement Compensation & Benefit Practices

  • Implement compensation practices linked to salary structure, benefits, variable pay plan with a focus on continuous improvement 
  • Ensure all employees compensation and benefit scheme are applied properly and provide solutions on specific compensation related cases
  • Gathering & Analyzing competitor data and related insights by participating in Compensation Benchmark Surveys as well as from other sources
  • Assisting in designing and Implementation of variable pay plan and LTIPs and effectively manage the compensation pay mix to keep overall compensation attractive as well as cost efficient
  • Roll out of any other rewards programme including Deferred Compensation Plans
  • Manage the administration of ESOPs and employee benefit programs, including grant allocation, vesting, exercise, lapse tracking, and related governance activities. 

Execute Annual Compensation Revision process for Onroll and Offroll employees

  • Assist in preparation of compensation-related proposal and salary increments simulations to facilitate compensation decisions.
  • Execute Annual and Mid Term compensation revision (increments) 
  • Implement digitization initiatives on performance management as well as compensation review process

Implementation of Strategic Workforce Planning

  • Liaise with key stakeholders on preparation of SWP data including data on projection of key organizational metrics
  • Lead compensation cost planning and forecasting, ensuring accurate budgeting and workforce cost projections, while partnering closely with Business Finance and other stakeholders for financial planning and analysis.
  • Work along with C&B Head in revisiting key organizational metrics for role categories
  • Maintain data in SWP template and share results with key stakeholders to manpower planning related decisions

Job Analysis & Evaluation

  • Manage the Job evaluation process
  • Ensure role clarity across the organization by overseeing creation of the Job Descriptions of all positions to carve out the competency framework and aid the Job Evaluation process.
  • Educate internal audiences on job evaluation and its impact

Minimum Experience Level

3 - 6 years

Job Qualifications

Other Degree

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