Key Responsibilities :
1. Compensation Framework & Performance Management
- Streamline compensation structures across levels and functions.
- Conduct market benchmarking and internal equity analysis to ensure competitiveness.
- Ensure end-to-end adherence of PMS Process.
- Support annual salary review, promotions, and incentive planning cycles.
2. Rewards System Implementation
Lead the rollout of new total rewards systems and tools.Collaborate with teams to ensure smooth adoption and integration.Monitor effectiveness and recommend enhancements based on feedback and data.3. Analytics & Insights
Develop dashboards and reports to track compensation metrics and trends.Use data-driven insights to support decision-making and policy formulation.Present findings with actionable recommendations.4. Policy Formulation
Draft and update policies in line with business needs and legal requirements.Ensure policies are communicated effectively and consistently across the organization.Partner with legal and compliance teams to mitigate risks.5. Benefits Administration
Oversee administration of employee benefits including health, wellness, insurance, and retirement plans.Drive initiatives to enhance employee experience and engagement through benefits.6. Recognition Programs
Deploy recognition initiatives that reinforce company values and performance culture.Manage platforms and processes for peer-to-peer and leadership-driven recognition.Continuously improve recognition strategies.7. Compliance & Governance
Ensure adherence to labour laws, tax regulations, and statutory requirements.Stay updated on regulatory changes and assess implications for compensation and benefits.Support audits and reporting requirements related to rewards programs.(ref : iimjobs.com)