YMP Plus

Compensation Management:

• Oversee monthly payroll processing, including salary calculations, tax deductions, and statutory compliance.
• Maintain and update employee salary structures and compensation packages.
• Conduct benchmarking studies to ensure competitiveness in salary structures and align with market trends.

Benefits Administration:

• Manage employee benefits programs, including insurance, leave policies, retirement plans, and other perks.
• Provide guidance to employees on benefits utilization and address related queries.
• Evaluate and recommend improvements to the benefits package to attract and retain talent.

HR Compliance:

• Ensure compliance with labor laws and statutory requirements, including Provident Fund, ESI, and other employee welfare schemes.
• Prepare and submit required reports to government authorities on time.
• Stay updated on changes in labor laws and regulations, and recommend necessary adjustments.

Employee Records & Reporting:

• Maintain accurate and confidential employee records related to payroll, benefits, and compliance.
• Generate periodic reports on compensation, benefits costs, and other HR metrics.
• Support internal and external audits related to HR operations.

Policy Development:

• Assist in developing and implementing compensation and benefits policies.
• Collaborate with management to ensure alignment with organizational goals and budgets.

Employee Engagement:

• Educate employees on compensation and benefits policies and procedures.
• Address employee concerns related to payroll, benefits, and compliance in a timely and professional manner.