HR Analyst - Staff Cost Budgeting & Forecasting

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries.

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable. Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

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Key Responsibilities:

As the HR Analyst specializing in Workforce Cost Accounting and Forecasting, you will play a critical role in supporting our financial and strategic planning efforts by delivering insightful analyses and forecasts. You will work closely with finance and HR teams to ensure accurate workforce cost tracking, forecasting, and optimization across the organization.

Technical Requirements:

• Workforce Cost Accounting:

• Analyze and track workforce-related expenses, including salaries, benefits, and other compensation costs.

• Develop and maintain detailed cost accounting models to monitor and report on workforce expenditures.

• Ensure accurate allocation of workforce costs to respective departments and projects.

• Prepare and present regular reports on workforce cost performance and variances to key stakeholders.

• Forecasting and Budgeting:

• Collaborate with finance and HR teams to develop workforce cost forecasts and budgets.
• Utilize advanced forecasting techniques and tools, including SAP Analytics Cloud (SAC), to predict future workforce costs and trends.
• Monitor actual versus forecasted costs and provide variance analysis.
• Support the development of long-term strategic workforce plans based on cost forecasts and organizational goals.
• Data Analysis and Reporting:

• Leverage SAC to extract, analyze, and visualize workforce cost data, providing actionable insights to guide decision-making.

• Design and implement dashboards and reports that communicate key workforce cost metrics and trends.

• Conduct ad-hoc analyses to support special projects and initiatives as needed.

• Process Improvement:

• Identify and implement process improvements to enhance the accuracy and efficiency of workforce cost accounting and forecasting.

• Collaborate with cross-functional teams to streamline workflows and integrate cost accounting processes with other HR and financial systems.

Educational & Experience:

• MBA HR Full time
• BCom (H) and/or CA (inter) or higher and/or CFA Level II or higher
• Understanding of any forecasting software not necessarily SAC

 Key Personal Attributes:

• Knack of working with data, with compulsive need to find ways to simplify it
• Presenting your work in an organized and attractive way is not a need but a requirement for you
• You love finding automated solutions for your day-to-day tasks
• Love solving problems related to human resources
• Collaboration is the key to get the needed solutions