HR - Compensation

JOB PROFILE

Department	Human Resources
Function	Human Resources
Position	Manager
Band	M
Location	Mumbai – Andheri LBP
Reporting	Assistant Vice President

Our Vision

To be the most admired insurance company that enables the continued progress of customers by being responsive to their needs.

Our Values

• We believe in Sensitivity
• We drive Excellence
• We uphold Ethics
• We bring Dynamism

About HDFC Ergo General Insurance Co., Ltd.,

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited, one of India’s leading private sector bank (Bank), the Company has become a subsidiary of the Bank. The Company offers complete range of general insurance products ranging from motor, health, travel, home and personal accident in the retail space and products like property, marine and liability insurance in the corporate space. With a network of branches spread across wide distribution network and a 24x7 support team, the Company has been offering seamless customer service and innovative products to its customers.

Key Roles & Responsibilities

• Execute and manage end-to-end performance appraisal cycles (goal setting, mid-year, annual reviews).
• Drive goal-setting processes aligned with business priorities.
• Ensure quality and consistency of KPIs/OKRs across functions.
• Provide inputs for compensation decisions based on benchmarking insights.
• Support linking performance ratings to compensation outcomes.
• Assist in increment, promotion, and bonus allocation processes.
• Maintain accurate performance and compensation data in HR systems.
• Generate reports and dashboards (ratings distribution, pay vs performance, benchmarking trends).
• Support internal reviews and audits related to compensation and performance.
• Identify gaps in performance management and compensation processes.
• Support process standardization, automation, and system enhancements.
• Ensure timelines, process adherence, and system readiness.
• Ensure adherence to performance and compensation policies.

Key Requirements – Education & Certificates

Graduate or MBA/PGDM in HR or related field

3–6 years of experience in Compensation, Performance Management, or HR Analytics

Key Requirements - Experience & Skills

• Good amount of experience in GI industry
• Strong analytical and Excel skills
• Sound understanding of performance management frameworks
• Knowledge of compensation benchmarking concepts (compa-ratio, percentiles, etc.)
• Attention to detail, process discipline and stakeholder coordination abilities
• Data-driven mindset

Remarks

The details of this position are confidential.

The decision to change / modify the specifications is at management’s discretion.