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Director Executive Rewards

Director Executive Rewards

IIFL Capital Services LimitedHyderabad, Republic Of India, IN
21 hours ago
Job description

Job DescriptionKey Responsibilities : Rewards Strategy & Execution : - Lead the development and execution of a comprehensive total rewards strategy that aligns with organizational goals and values.- Oversee the design and administration of competitive compensation packages, ensuring they attract, motivate, and retain top talent.- Manage and rationalize the variable pay, performance-linked pay, and bonus programs to ensure consistency and equity across the organization.- Collaborate with senior leadership to design incentive programs that drive high performance and employee engagement.- Conduct market analysis and benchmarking to ensure the organization remains competitive within its industry.- Regularly audit and review compensation and benefits programs to maintain accuracy, compliance, and effectiveness.BenefitsManagement : - Oversee employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other voluntary benefits.- Ensure that benefits programs are aligned with employee needs while being cost-effective and compliant with all applicable regulations.- Continuously assess and refine the benefits offering to remain attractive to current and prospective employees.Performance Management : - Partner with key stakeholders to refine and execute the organizations performance management framework.- Provide guidance and oversight on the performance-linked pay process to ensure it rewards the right behaviours and outcomes.- Ensure that performance management tools and processes are consistently applied across the organization to promote fairness and transparency.Compliance & Governance : - Ensure the organization is compliant with federal, state, and local regulations.- Develop governance frameworks and policies to standardize rewards and performance management processes.- Stay current on industry trends, legal updates, and best practices to inform decision-making and recommendations.Collaboration & Leadership : - Collaborate with the HR team and business leaders to ensure alignment between rewards and performance initiatives and broader business objectives.- Provide expert guidance to HR Business Partners and other team members on compensation, benefits, and performance management issues.- Act as a strategic advisor to leadership on total rewards and performance topics, helping to shape the organizations approach to talent management.Qualifications : - Bachelors degree in human resources, Business Administration, or related field.- 8-12 years of experience in HR, with a strong focus on total rewards and performance management.- Proven experience in designing and implementing compensation and benefits programs, with an emphasis on consistency and equity.- Strong analytical skills with experience in market benchmarking and data-driven decision-making.- Familiarity with HRIS systems and compensation software.- Excellent interpersonal and communication skills to work effectively across functions and levels.

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Executive Director • Hyderabad, Republic Of India, IN

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