Vinit Verma Email and Phone Number
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CompetenciesIndia & Global Compensation | Benefits | Annual Rewards Budgeting | Benchmarking | Job Matching | Rewards Competitive Analysis | Designing Market Based Pay Ranges | Designing Skills Based Broad Pay Bands | Designing Salary Increase Models & Guidelines | Designing Performance Incentives & Retention Bonus | Designing Policies | Performance Management & Appraisal Process/Systems | Compensation and Performance Management Software Evaluation & Implementation | Analytical Reports & Dashboards | Scenario Analysis | Pay Equity Reviews | Market Based Salary Corrections | Evaluation of Health Plans/Vendors & Plan Design | Rewards & Recognition(R&R) Policy/Program | Evaluation & Selection of Softwares/Vendors for Rewards & Recognition(R&R) | Digitization of Annual Rewards & Letters | Designing Compensation Plans for Manpower Rationalisation/Voluntary Retirement Plans | Designing Niche Skill Allowances | Integrating HR Policies for Business Mergers/Acquisitions | Job Evaluation | Job Architecture | Job Analysis Industry Experience: Consulting (Big4), Insurance Global Captives, IT Services, IT Captive Centers/GICs, Engineering Services, Industrial Gases, Manufacturing, , BPO/KPO, Banking,
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GallagherBengaluru, Ka, In -
Senior Service Delivery Manager - Compensation And BenefitsGallagher Jul 2024 - PresentRolling Meadows, Il, UsResponsible for India Compensation and Benefits for Gallagher Center of Excellence(12000 passionate employees)One of Top three Global Companies in General Insurance Brokerage and Risk Management Consulting 'One of World's Most Ethical Companies' Awarded by Ethisphere Institute for 13 yearsGrowing @25% Annually -
Deputy General Manager - Hr Compensation, Benefits And Performance ManagementRainbow Children'S Hospitals Jul 2023 - Jun 2024Hyderabad, Telengana, InLeading Total Rewards - Compensation, Benefits and Performance Management for all Rainbow Group Companies -
Senior Manager Compensation, Benefits And Performance ManagementRainbow Children'S Hospitals Oct 2021 - Jun 2023Hyderabad, Telengana, InRole: Overall Accountability for leading Compensation, Benefits, Performance Management(Overall Co. Head count 5000+)Assignments: • C&B Benchmarking. Competitive Analysis and Annual Rewards Budgeting• Executive Compensation Benchmarking • Executive Compensation Design: Pay Mix and Performance Incentives• Equity Based Long Term Incentives • Design and implementation of salary ranges• Design and implementation of Retention Bonus and Lump Sum Bonus• Performance Incentives and Bonus Plans• Pay for Performance Model• Cost Benefit analysis, design & implementation of Heath, Accident and Term Life Insurance Plans & Policies, Discounted Benefits• Evaluation of Technology, for offering best benefit experience• Flexible Compensation : Choice based Flexible Salary Structure for Tax Benefits• Labor Code Impact Analysis on Statutory Benefits and Impact on Manpower Cost & Budgets• Rewards and Recognition Policy and Digital Rewards & Recognition• Designing Salary Structure and Social Security Benefits -
ConsultantGrahall Partners, Llc Apr 2021 - Oct 2021UsRole: I was an Independent Consultant with Grahall Consulting LLC. Not Full time -
ConsultantHrnetwork Plus Consulting Oct 2018 - Oct 2021Website: www.hrnetworkplus.comRole: Offering Consulting services in Compensation and Benefits, for IT/ITES/Tech. Startup Companies• 2021 | Client: Screen-Magic Mobile Media Pvt. Ltd. | Industry: Software Developmento Project Scope: Design & implement an automated Tool for planning and execution of Annual Rewards Pay for Performance Models for Salary Hikes Market Competitive Analysis Budget Recommendations• 2019 | Client: Hepatica Technologies |Industry: Engineering Serviceso Project Scope: Pay for Performance Incentives for Senior Management• Recognized CURO Partner | Compensation Software | curocomp.com (Acquired by Payscale.com) -
Manager - Total Rewards Center Of Excellence (India)Deloitte Consulting Apr 2017 - Oct 2018Worldwide, OoRole: Accountable for Rewards, Compensation Programs & Rewards Digital Systems for a Business Vertical of 3,000 professionals in India, inclusive onsite professionals in US and Canada. •Pay Ranges for India•Market Competitive Analysis of Compensation: Benchmarking and Pay Gap Analysis to determine Annual Rewards Budgets.•Retention Bonus: Design and Implementation of Retention Bonus for Niche Skills•Rewards Analytics•Digital System for Annual Rewards -
Manager - Compensation, Benefits And Performance Management (India)Linde India Limited Aug 2014 - Apr 2017Woking, England, GbWorld’s largest Co. in Industrial Gases. 1000+ white collar staff in IndiaRole: Accountable for managing Compensation, Benefits, Incentives, Policies, Performance for India employees and international assignees. • Market Benchmarking • Designing Salary Ranges• Market Competitive Analysis and Data Modelling to recommend budgets for Annual Rewards• Managed Annual rewards and performance appraisals• Retention Bonus Design and Implementation• Benefits Design and Implementation• Evaluation and implementation of Technology in Rewards• Rewards and recognition Policy -
Manager – Compensation, Benefits & Policies (India)L&T Technology Services Dec 2013 - Jul 2014Mumbai, Maharashtra, InEngineering and IT Services company founded by L&T in 2012. 10000+ employees in India in 2013-14Role: Overall accountable for India C&B inclusive of Compensation, Benefits, Polices and Digital Systems. Market BenchmarkingMarket Competitive Analysis and Data Modelling to recommend budgets for Annual RewardsEvaluation of salary corrections, based on pay gap analysisDesign and Implementation of PoliciesIntegration of Policies and Processes during Mergers -
Deputy Manager – Compensation, Benefits & Rewards Digital Systems (Global)Regal Beloit Corporation Dec 2010 - Nov 2013Beloit, Wi, UsLeading manufacturer of electrical motors. 8000 white collar employees globally, 3000 in Asia, 400 in India, Global Head Office: Beloit, Wisconsin, USRole: Responsible for Global Compensation for India, China, Thailand, Australia, Europe, US, Canada, Mexico inclusive of Digital Systems. Responsible for planning of India Benefits. Reported to Manager – Global CompensationProjects:• Job Evaluation & Job Architecture: I co-led the project in India, UK, Italy, Thailand and Australia to align regional positions to a globally standard job family architecture and designed a middle ground solution for India based on Point Factor Ranking Methodology and Market Study. • Market Benchmarking for India Compensation: Benchmarked compensation through a study with Mercer for India across all Job Families such as Manufacturing, Sales, IT, Design Engineering and all Support Functions. Designed Salary Ranges• Designing Salary Ranges & Market Competitive Analysis and Market Correction Proposal for IT & Engineering Center in India. Achievement: Reduction in Voluntary Attrition from 20% to 10% in two years.• Evaluation and Finalization of Benchmarking Surveys & Consulting Partners in Europe: Evaluated global surveys such as Hays, Mercer & Hewitt, studied their job matching methodologies, consultant’s expertise and pricing to recommend the best fit • Digitization of Global Annual Rewards: Oracle Compensation Workbench System: I was part of the project team as a functional expert, evaluating the system, mapping processes, customizations and testing. Co-led the implementation in Europe and South Asia regions. Worked in US for three months to support the project globally. Conducted classroom training for HR Leadership and Managers of multiple countries. Trained HR teams of South Asia and Europe. Achievement: Higher efficiency and accuracy (over 90%). Was awarded ‘Regal Simplification Award’ -
Compensation Analyst – Us, Hr Center Of ExcellenceHsbc Oct 2010 - Nov 2010London, GbRole: Rewards related Data and PeopleSoft system support for US C&B teams -
Assistant Manager – Talent Resourcing, Digital Systems, Hr ReportingHsbc Dec 2007 - Sep 2010London, GbRole: Responsible for managing centralized talent resourcing for HSBC India and Sri Lanka. Set up and managed Centralized Talent Resourcing for India and Global RegionsDigitalization of Talent Resourcing and Recruitment on ATSRecruitment MIS and data reporting -
Executive – HrHsbc Apr 2006 - Nov 2007London, Gb -
Senior Officer - Retail Branch BankingIcici Bank Apr 2005 - Mar 2006Mumbai , Maharashtra, InResponsible for Retail Branch Banking Operations and Business Development
Vinit Verma Skills
Vinit Verma Education Details
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Jaipuria Institute Of ManagementHr & Marketing -
University Of CalcuttaAccountancy
Frequently Asked Questions about Vinit Verma
What company does Vinit Verma work for?
Vinit Verma works for Gallagher
What is Vinit Verma's role at the current company?
Vinit Verma's current role is Compensation, Benefits and Performance ManagementI'm Hiring C&B Professionals 5 to 10 years experience.
What is Vinit Verma's email address?
Vinit Verma's email address is vi****@****ail.com
What schools did Vinit Verma attend?
Vinit Verma attended Jaipuria Institute Of Management, University Of Calcutta.
What are some of Vinit Verma's interests?
Vinit Verma has interest in Social Services, Children, Economic Empowerment, Reading And Writing, Health.
What skills is Vinit Verma known for?
Vinit Verma has skills like Hris, Onboarding, Strategic Hr, Project Management, Performance Management, Management, Hr Metrics, Base Pay, Strategic Human Resource Planning, Hr Policies, Human Resources Information Systems, Compensation Strategies.
Who are Vinit Verma's colleagues?
Vinit Verma's colleagues are Roshan T, Ashley Johnson, Paul Norman, Lionel Soffia, Saurav Singh, Brenda Lamb, Maithili Bhosle.
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