Manager Total Rewards [Apply in 3 Minutes]

Job description

• Responsible for designing and implementing all aspects of the employee rewards programs for India, including compensation, benefits and short -term incentives. The incumbent will also, in partnership with the Global Rewards team, lead, review and design to ensure that the C&B practices of the organization are internally equitable, market competitive and aligned with the company's performance and affordability.
• The role will have a deep understanding of external best-practices and reward strategies combined with a track record of conceptualizing successful strategies, developing and leading action plans, and the ability to execute and operationalize in a scalable way to amplify Business productivity and sustain a high performing culture that attracts, motivates and retains talent.
• Work with Corporate Rewards Team on Benchmarking of salary / benefits data and participation in regular / industry / forum level surveys. Analyze and share reports / insights to Leadership / Top Management.
• Monitor, evaluate and design Hiring Ranges with Recruitment, HRBP and Business.
• Will work closely with HR leaders and C&B on promotions, market corrections, Geo mobility, other case etc. on the compensation related recommendations.
• Design, monitor and manage the Benefits. Lead strategy and design to deliver quality benet programs to remain competitive and cost-eective In partnership with our brokers, participate in negotiation of agreements with insurance carriers and nancial institutions for administration of benets programs
• Calibrate with Corporate Rewards Team on annual processes like Merit Increase, Bonus and Equity Grants. Evaluate effectiveness of STI (Bonus, P4P, sales Commission) / LTI (Equity) plans.
• Track and work on DEI, Pay Equity and Gender Pay analysis with the corporate Team.
• Liaise with Compliance / Legal team and ensure compliance with regulations and company policies in compensation decisions.
• Design, upkeep and update C&B policies. Ensure effective and timely communications to employees.
• Partner with Global Rewards team to develop monthly / quarterly dashboards and analysis.
• Work closely with Corporate Rewards and finance team on Budgeting and Pricing of jobs.
• Manage the data processes required by internal and external sources, including resolving data errors and partnering with HR shared services as needed.
• Prepare reports and analysis of compensation data. Partner with HR Business Partners and Management to review findings and recommendations
• Partner with other HR team members / leaders and functional areas to investigate and resolve escalated employee issues (Compensation matters).
• Collaborate with HRIS / HRSS / DHRO to maintain systems related to compensation and benefits administration.