Deputy Manager - Total Rewards - FMCG/Retail

Description:

Role Summary

The role holder shall be responsible for

- Total Rewards (TR) Design & Delivery with cutting across Cash, Variable (STI, LTI & ESOPs), Benefits and TR-linked HR Policies.

- Rewards Analytics, C&B Benchmarking and Annual Rewards Reviews (ARR) .

- Actively participate and contribute to projects related Compensation Harmonization, HR Budgeting & Cost Analytics.

Role Responsibilities

Total Rewards (Responsible for Compensation, Benefits, Policies & Incentives)

- Be the specialist on C&B matters, HR Policies, Incentives (short & long), Recognition & Benefit programs to meet the business & talent needs.

- Develop, implement, administer & maintain benefits programs, policies, and procedures.

- Ensure programs meet employee needs, comply with legal requirements and are cost effective.

- Management of Benefits Service Providers like Insurance Brokers, Car / Asset Leasing Companies, Financial Services, etc.

- Partnering effectively with multiple functions like Sales, Supply Chain & finance on design & implementation of incentives programs.

Total Rewards (Benchmarking)

- External Benchmarking: Analyse current rewards programs to ensure they align with our business strategy, market competitiveness and cost-effectiveness of our compensation and benefit plans to ensure that our rewards programs optimize our ability to attract top talent.

- Maintain current knowledge of related government rules and regulations & fulfils compliance and reporting requirements.

- Utilize experience/understanding in responding to compensation & benefits trends and market data points, while tying them to corporate objectives and ensuring legal compliance and sound governance.

- Recommend revisions or new plans that are cost effective and consistent with the compensation strategy and philosophy.

- Coordinate & facilitate implementation, communication of strategy and programs and maintenance of compensation & benefits plans and policies with/to all levels of the company.

Total Reward Analytics

- Conduct analysis of compensation and benefits programs to evaluate internal equity, external market competitiveness, and legal compliance of the organization's corporate compensation and benefits structure and practices.

- People Cost budgeting and effectiveness & efficiency analytics.

- Collect & study information related to people & HR related costs that affect the organization. Use HRIS/HRMS to store, manage and analyze data more efficiently and accurately.

Skills, Knowledge & Competencies Functional Competencies

- MBA in Human Resources from a Tier I/II B-school.

- Certification in Rewards will be an added advantage.

- 2+ years of experience in Compensation & Benefits.

- Knowledge of / Experience in design & implementation of Sales Incentives, Productivity Measures, Insurance Benefits.

- High on Numerical Ability.

- Advanced Data Analytics & MS-Excel Skills.

- Knowledge of statistical measures.

- Knowledge of equity plans, rewards benchmarking, HR Systems will be added advantage. Best suited for someone who

- Can apply creative and innovative thinking to complex challenges.

- Likes to program manage new initiatives.

- Likes to conceptualize and play a consultative role.

- Likes to look out for best practices, new models and frameworks. Personality Traits

- Confident and Assertive.

- Curious excited to keep learning.

- Tenacious with a capacity to persevere.

- Pleasing personality.

- Excellent written and spoken communication skill. Reporting Relationships

Industry

IT Services and IT Consulting

Employment Type