Total Rewards Lead

Job description

Role : Total Rewards Lead India

Location: Gurgaon

Experience : 8-12 yrs

Note: 5 days working from office

Responsibilities:

Total Rewards Strategy Development:

• Develop and refine the total rewards strategy to align with business objectives and talent strategies.
• Provide insights and recommendations on reward structures, trends, and enhancements to support business goals
• Custodian of budget (pay increase, bonus, incentive)

Performance and Compensation Management:

• Lead the development and management of compensation structures, including job evaluation, salary benchmarking.
• Manage the annual compensation cycle including salary review, bonus payments, and incentive programs ensuring processes are completed accurately and on time.
• Ensure job evaluations, grading structures, and pay ranges are competitive and compliant with regulatory standards
• Ensuring sanctity of the performance and compensation module on the internal HRIS system

Benefits and Policies:

• Oversee employee benefits programs (e.g., health, wellness, retirement, and other ancillary benefits) that are competitive
• Partner with vendors to evaluate and manage benefits plans, focusing on cost containment and employee satisfaction.
• Lead benefits review processes Benchmark, Design and roll out of policies
• Drive org's DEI agenda through supporting policies

Employee Recognition and Engagement:

• Develop and enhance employee recognition programs to foster a culture of appreciation and engagement

Compliance and Data Analytics:

• Ensure total rewards programs comply with local, state and OC regulations as well as company policies.
• Manage reporting requirements and analytics, ensuring accuracy in compensation and benefits data (attrition, demographics, other analysis)
• Support internal and external audits related to compensation and benefits compliance (wherever necessary)

Org Design:

• Analyse organization structure to ensure it supports efficiency and business goals
• Assess span of control, role duplication, and job redundancies in the current structure
• Create and maintain a consistent framework for job roles across the organization
• Support restructuring efforts by providing insights into job impact and total rewards implications

Credentials :

Qualifications Essential: Tier 1-2 MBA Institute

Knowledge Essential: Sound knowledge of total rewards practices. Proficiency in Excel & power point presentation.

Experience Essential : 8 - 12 years of experience

Personal Attributes :

- Strategic thinker with strong learning agility and problem-solving skills

- Excellent communication, presentation, and interpersonal skills.

- High attention to detail and organizational skills

- Stakeholder Management