Compensation And Benefits Lead Job In Borgwarner Inc In India, Bengaluru / Bangalore

About usBorgWarner is a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market We are a company of innovators and independent thinkers that brings together talented employees, meaningful work and amazing technology in a unique environment At BorgWarner we constantly work towards our vision of a clean and energy-efficient world Our Culture We believe health and safety of our employees are a top priority, we care about our local communities and the global environment BorgWarner promotes and nurtures a diverse and inclusive environment, honors integrity, strives for excellence, commits to responsibility for our communities and the environment, and builds on the power of collaboration.

Career Opportunities We manage talent as seriously as we manage our businesses and encourage you to learn about our proud history, strong culture, technologies and future vision We offer a strong local presence and interesting global opportunities Start your future with BorgWarner now!Job purpose The role will be responsible for driving compensation related projects , benefit and retirement program and organizational annual compensation processes for the Bengaluru Technical center The role will also be accountable for payroll and compliances with support of HR operations team and associated vendorsKey responsibilities

• Administration of key reward processes like - annual compensation review, variable pay,
• Design, develop, and maintain compensation and benefit policies, programs & practices to attract & retain talents.
  
  
• Ensure compensation strategies are aligned with statutory requirements as well as company's philosophy
• Overview the various retirement programs like NPS , PF , Gratuity and explore bringing in any government provided schemes for employee benefit
• Ensure all compensation and benefits programs are comply with current regulations
• Support ad-hoc C&B analysis and projects
• Support business & HR leadership in implementation of new benefit plans and in the change, update or transitioning of existing programs
• Support annual benefits enrolments, renewals and re-broking exercises
• Interface with Corporate to ensure alignment of C&B strategy

• Monitor the internal pay ranges, undertake competitive analysis and market trends to provide expert guidance on salary movements, appropriate compensation and grade fitment of new hires and internal movements across all business units/functions of the organisation
• Provide expert advice on policy interpretation and implementation for day-to-day rewards operations to HR Operations, Talent Acquisition and HRBPs
• Work closely with HR operations team for accuracy of compensation related data for Workday and Payroll
• Lead projects related to compensation restructuring requirements in compliance with labour laws
• Consult and support any Global mobility cases

• Measure the effectiveness of our employee benefits programs / perks and recommend improvements
• Track and ensure 100% legal and statutory compliance (Shops and establishments ,PF, ESI, PT etc) with support of vendor partners
• To support on development and implementation of new systems eg flexible benefits system, HRMS implementation, Business Controls set up.
  
  

• What we're looking for
• Master's degree in human resources management, business administration, or related field
• At least 8 years of experience in Human resources with at least 3 years involving responsibility of compensation and benefits administration
• Strong business acumen, presentation, analytical, and systems skills
• Experience and strong understanding of payroll and compliances
• Good exposure to HRMS systems like Workday for compensation management
• Self-starter who can anticipate and pre-empt problems

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Borgwarner Inc is looking for .

Borgwarner Inc is looking for Any Graduate / Post Graduate profile candidates.