Lead Total Rewards

Key Role & Responsibilities :

Lead – Total Rewards

Lead the design, development, and execution of compensation, benefits, and performance Management strategy, encompassing role evaluation, job architecture, performance management, and pay structures.

Build and implement reward solutions across Piramal's financial services businesses, including short- and long-term incentive plans (STI / LTI), fixed / variable pay structures, market benchmarking, and compensation analytics.

Ensure robust benchmarking and competitiveness of compensation structures by partnering with external consultants for surveys, market assessments, and compensation advisory.

Manage the end-to-end LTI / ESOP process, including program design, execution, and resolution of internal queries.

Manage the performance management process ensuring process standardization, and adherence to timelines for critical sub-processes such as goal-setting, mid year & end year reviews.

Develop and maintain competency models and oversee role analysis, evaluation, and job levelling for new positions, promotions, and organizational changes.

Oversee the design, governance, and administration of benefits programs, including health insurance, retirement plans, and wellness initiatives, ensuring competitiveness and employee well-being.

Qualification : MBA HR

Experience : 10+ years of experience managing Total Rewards

Skills & Competencies :

Experience in job analysis / evaluation, market pricing, C&B policies, year end annual review cycle

Exposure to managing senior level compensation, LTI plans, understanding of stock option plans.

Exposure to comp interventions like retention, guarantees, buy back

Ability to engage with senior stakeholders, CXOs