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Function: Head, PMS, Compensation and Benefits Reports to: Director, Corporate
Resources
Managing Director
Director, Corporate
Resources
To understand, and implement the new Performance Management System based on the
principles of Balanced Scorecard, and ensure its timely and effective rollout, and develop and
implement the overall compensation and benefits strategy across the organisation
SPAN OF CONTROL
JOB DESCRIPTION
KEY ACCOUNTABILITIES
1. Understanding key strategic initiatives that are being rolled out at ISPAT and implications
for employees in order to ensure effectiveness
2. Develop a comprehensive understanding of the new Performance Management System and
the steps in the performance appraisal process
3. Develop a comprehensive understanding of the Balanced Scorecards for all Divisions and
Departments across the organisation
4. Develop an understanding of linkages between the Balanced Scorecard and the Performance
Management System
5. Define an action plan and suitable timeframe for rollout for the new Performance
Management system
6. Identify communication forums and initiatives in order to enhance the awareness of
employees about the new system
7. Co-ordinate with function heads on a continuous basis to ensure that target setting happens
on a timely basis and is comprehensive and based on ISPAT’s business plans
8. Monitor compliance to stated performance appraisal process and highlight outliers and cases
of non-compliance for appropriate action
9. Assist functions in defining stretch targets for their respective areas
10. Collate performance appraisal reports and analyse implications on individual performance
11. Develop linkage between individual performance the variable pay system that is prevalent in
the organisation
12. Develop a compensation strategy including compensation structure, payout levels, timings
and the weightages accorded to different factors on the payout level
13. Liaison with external compensation survey specialists in order to benchmark compensation
levels for different grades and functions across ISPAT
14. Develop an appropriate recognition policy that is uniformly applicable across operations
functions at Dolvi and Kalmeshwar and recognises significant and outstanding contribution
15. Implement the PMS throughout the organisation and ensure its linkage with the other HR
systems such as performance rewards and career progression
JOB SPECIFICATIONS
(Minimum educational requirement, special skills & knowledge and any other requirements
needed for the satisfactory performance of the job)
1. Qualification
MBA with Specialisation in HR
− Communication