Marishankar Balakrishnan

About Marishankar Balakrishnan

Experienced Total Rewards Expert | Compensation & Benefits Strategy | HR Transformation | HR BPR | Payroll Optimization | HR AnalyticsAn accomplished Total Rewards expert with extensive experience in designing and implementing compensation strategies, salary structures, and benefits programs. Proven track record in optimizing payroll processes, driving HR transformation, and leading HR BPR (Business Process Reengineering) system implementations to enhance organizational efficiency. Skilled in formulating HR policies, leveraging HR analytics, and balancing cost-effectiveness with employee engagement. Expertise in ensuring compliance, developing performance-linked reward systems, and aligning compensation structures with business goals to drive overall organizational success.

Experience

1. Senior Manager - HR (C & B)

   Page Industries Ltd

   Dec 2023 — Present · Bengaluru, IN

   Lead – Compensation & Benefits | Page Industries Ltd.(Jockey & Speedo India)| Total Rewards Strategy | HR Transformation | Performance Management | HR Policies | 3rd-Party Contract ManagementLeading Compensation & Benefits strategy and operations for a leading retail and manufacturing organization. Driving HR transformation, implementing HR policies, managing performance management, and overseeing end-to-end payroll operations.Designing, implementing, and ensuring compliance with HR policies that align with business goals and statutory requirements.Managing the end-to-end Performance Management process, including goal-setting, mid-year reviews, appraisals, and succession planning to align individual performance with organizational objectives.Overseeing Total Rewards across the employee lifecycle, including compensation structuring, incentive planning, and job evaluations, ensuring competitive and equitable rewards for employees.Managing 3rd-party contract employees, ensuring compliance with labor laws, payroll processing, and effective integration into organizational systems.Handling statutory compliance and managing benefits programs like PF, ESIC, PT, Gratuity, NPS, and Labor Code regulations, ensuring adherence to national and regional laws.Leading payroll governance, including salary validation, F&F settlements, monthly reconciliations, and audit readiness.Collaborating with Finance, Legal, and HRBP teams on budget preparation, CTC governance, and aligning reward strategies with business objectives.Managing external relationships for compensation benchmarking and employee benefits, ensuring competitiveness and cost efficiency.

Education

• Maharashtra state Board

  HSC, Commerce

  2002 — 2004

• University of Mumbai

  B.Com, Commerce

  2004 — 2007

• Kamarajar Memorial English High School

  SSC, English

  1991 — 2002

• ITM Group of Institutions

  Master of Business Administration (MBA), Human Resourse

  2013 — 2015

Skills

• Payroll Processing
• Negotiation
• Payroll Administration
• Management
• Employee Benefits
• Sap
• Pharmaceutical Industry
• Human Resources Information Systems (Hris)
• Medical Devices
• Employee Relations
• Sales Operations
• Payroll
• Microsoft Excel
• Talent Acquisition
• Accounting
• Team Management
• Employee Engagement
• Key Account Management
• Market Research
• Hris
• Performance Management
• Biotechnology