ICICI Bank Recruitment 2023

As a Benefits Manager at ICICI Bank, you will play a crucial role in developing and managing employee benefits programs to support the overall employee value proposition. You will collaborate with internal stakeholders, including HR, finance, and legal teams, to design and implement competitive benefits packages that align with the bank's compensation and benefits strategy. Your role will involve analyzing market trends, benchmarking against industry standards, and ensuring compliance with regulatory requirements. Additionally, you will provide guidance and support to employees regarding their benefits, fostering a positive employee experience.

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Responsibilities:

1. Develop and implement comprehensive benefits programs that meet the needs of employees while aligning with the bank's overall compensation strategy.
2. Monitor industry trends and conduct benchmarking analysis to ensure the bank's benefits offerings remain competitive.
3. Manage the annual benefits renewal process, including vendor negotiations, contract management, and communication to employees.

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Skills:

• Benefits Management Expertise: Strong knowledge of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other related benefits.
• Regulatory Knowledge: Familiarity with relevant laws, regulations, and compliance requirements governing employee benefits in the banking industry.
• Analytical Skills: Ability to analyze data, evaluate benefits program performance, and make data-driven decisions to optimize benefits offerings.