Paramesha Natesh: Assistant Finance Manager in Bengaluru, KA

2 Yrs. - Manufacturing & IT)

(3 Yrs. - Manufacturing)

(2 Yrs. - Manufacturing) Key Result Areas: RSU, ESPP, ESOP: ? worked on perquisite taxation, ESPP deduction, RSU deduct and processing in payroll, ? complete coordination with payroll vendor and improving the process. ? conducting one on one or group trainings on ESPP, RSU and explaining Capital gains and income tax applicability. New Employee Orientation & Exit: ? Planning induction and on-boarding sessions for new joinees, issuing offer/confirmation/appointment letters, creating awareness on HR policies, compensation plans, HR applications and so on ? Working on the process of exit, conducting exit interviews, processing FnFs and obtaining clearance from departments Performance Management: ? Formulating KRAs/KPIs for annual appraisal process and ensuring the pay hikes are aligned as per performance ? Developing the rewards & recognition schemes and implementing incentive system for motivating employees Leave & Database Management: ? Preparing: ? Census, attendance percentage, man-days, strength, attendance and overtimes reports ? Records of leaves, compensatory offs, muster roll and registers of wages, payslips, salary advances and overtime Payroll & Compensation Benefits: ? Worked on Annual Compensation revision activity ? Prepare budgets for personnel operations; budget preparation for annual increments, researching and analysing salary rates and benefits offered by other employers in the similar space. Close watch on market movement with external consultants. Ongoing improvements in C&B processes to keep us competitive. ? Selection of survey vendors, conducting / participating the salary benchmarking exercises, Market Pulse surveys, Incentive surveys, etc. ? Measuring the attrition month on month and year on year and come out with the Retention strategies in coordination with the Business in order to arrest the attrition. ? Worked on the minimum wages fixing as per the government amendment and calculating Annual statutory bonus and impact on the cost due to increase in minimum wages and Basic. ? To control the Headcount costs by partnering with business, controlling attrition, cost control during hiring. ? Managing end-to-end payroll processing and disbursing the salaries ? Updating the new hires master data, CTC details, one time payments, promotions & increments, incentives, performance bonus, resignation details, LOP days, other payments and deductions ? Reconciling the payroll related ledgers and working on salary revisions time-to-time Statutory Compliances: ? Adhering to statutory compliances, filing periodic returns and managing renewal of factory license ? Complying with and clearing dues pertaining to PF, ESIC, PT, LWF and Income Tax ? Preparing annual statutory bonus Employee Welfare & General Admin.: ? Managing the general, office administration; monitoring the operations pertaining to housekeeping & security, transportation, pantry services, stationery & printing, asset maintenance, horticulture, telecommunication and so on ? Assisting the employees with leave travel, medical claim, loans, and salary advances ? Organizing employee engagements & OD programs and ensuring prompt resolution of employee grievances & maintaining cordial employee relations SAP HCM Functional: ? Configured payroll wage types, Pay structures, Payroll Posting and Modified standard PCR's. ? Configured public holiday calendar, employee work schedules, Absences types and leave Quotas. ? Worked on PMS, Recruitment, OM Modules and Troubleshooting SAP payroll and time management errors. Highlights: ? Accurately processed the payroll dues for a strength of over 15000 employees ? Developed and managed the salary structure for 600 employees. ? Enhanced salary audit procedure for internal & external audits to avoid the salary discrepancies ? Played a vital role in union negotiations and wage settlements and signing 2 charter of demands ? Worked on mapping Minimum wages with skills and impact on Bonus, Leave encashment & Gratuity. ? Successfully implemented new SAP HR core project and data migration IT Skills ? SAP ECC 7.0, Oracle ? MS Excel, Word & PowerPoint