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Manager Total Rewards

Manager Total Rewards

ConfidentialBengaluru / Bangalore, India
9 days ago
Job description

Total Rewards Manager

6-10yrs

Bangalore

Job Overview

The Manager of Total Rewards (CoE) is a strategic leader responsible for developing, implementing, and continuously refining a comprehensive total rewards strategy that supports the organization&aposs goals and objectives. This role will lead and manage compensation and benefits programs, ensuring they are competitive, sustainable, scalable, and have a strong focus on attracting, retaining, and motivating top talent. The position will involve data-driven decision-making, stakeholder collaboration, and oversight of reward policies, with an emphasis on benchmarking and global compliance.

Key Responsibilities

Total Rewards Strategy & Design

  • Develop and execute a comprehensive total rewards strategy (compensation, benefits, recognition, well-being) aligned with the organization's mission, values, and goals.
  • Establish and refine total rewards frameworks, leveraging market data to support competitive positioning while managing internal equity.
  • Drive compensation and benefits programs for both direct and indirect labor, with a focus on scalability and compliance with global standards.

Compensation Management

  • Oversee the annual compensation cycle, including salary planning, merit increases, promotions, and adjustments.
  • Lead market benchmarking processes by partnering with external vendors (e.g., AON, Mercer, Willis Towers Watson) to assess competitive positioning.
  • Conduct pay equity and gap analyses, making recommendations for adjustments to maintain equitable compensation practices.
  • Benefits Administration & Enhancement

  • Drive the design and execution of health, wellness, retirement, and other employee benefit programs to ensure offerings are relevant and competitive.
  • Lead benefits renewal processes and vendor negotiations, aiming to enhance the employee experience while managing costs.
  • Conduct benefits utilization reviews and annual benefits sessions to educate employees and promote awareness.
  • Performance & Recognition Programs

  • Develop performance and recognition programs that support a high-performance culture.
  • Align recognition initiatives with the company's values to foster engagement and drive performance.
  • Assess and adjust programs based on employee feedback and industry trends.
  • Policy Development & Governance

  • Create and manage compensation, benefits, and recognition policies to ensure clarity and alignment with company values and regulatory standards.
  • Lead compliance efforts with local, state, and federal regulations, along with global standards for international employees.
  • Data Analysis & Insights

  • Leverage data analytics to monitor the effectiveness of total rewards programs, making recommendations based on insights.
  • Prepare executive-level reports and presentations on total rewards metrics, ensuring alignment with business goals.
  • M&A Due Diligence

  • Lead the total rewards workstream during M&A due diligence.
  • Assess and analyze compensation structures, benefits plans, equity programs, and retirement schemes of target companies.
  • Identify risks, liabilities, and cost implications associated with rewards programs.
  • Provide total rewards input into purchase agreements, transition service agreements, and offer structures.
  • Stakeholder Collaboration

  • Partner with HR, finance, and business leaders to ensure alignment on total rewards initiatives.
  • Provide guidance and support to Talent Acquisition for competitive compensation structures for new hires, including campus recruitment and internships.
  • Leadership & Team Management

  • Lead and develop a team (direct or dotted line) responsible for total rewards initiatives, ensuring their growth and alignment with company values.
  • Foster a collaborative environment with a focus on knowledge-sharing, process improvement, and continuous learning.
  • Qualifications

  • Experience : 7+ years in total rewards, compensation, and benefits, with at least 5+ years in a leadership or CoE role within a medium to large organization.
  • Education : Bachelor&aposs degree in Human Resources, Business Administration, or a related field; a Master's degree or relevant certifications (e.g., CCP, CEBS) are preferred.
  • Skills :
  • Strong expertise in compensation frameworks, benefits management, and total rewards benchmarking.
  • Proficient in working with HR systems (Workday, SAP, Oracle, etc.) and data analysis tools.
  • Proven ability to manage vendor relationships and negotiate contracts.
  • Exceptional interpersonal and communication skills to engage with executives and stakeholders effectively.
  • Experience in managing teams or dotted line reports, with strong leadership capabilities.
  • Preferred Competencies

  • Ability to work effectively in a dynamic, fast-paced environment.
  • Strong analytical mindset with experience in data-driven decision-making.
  • Comfortable with navigating ambiguity and leading through change.
  • Commitment to fostering an inclusive workplace aligned with company values.
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    Skills Required

    benefits management

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