Dr Reddys - Rewards Specialist

Rewards Specialist

Purpose: Develop, implement, govern and manage local Compensation & Benefits systems, programmes and processes for assigned countries. Participate in the development, implementation, governance and management of global Compensation & Benefits tools, programmes and processes.

Key Responsibilities -

1) Increments

- Manage the merit increase process for assigned Geographies/Units end to end including communications and awareness sessions for business HR partners and business leaders

- Actively participate in budgeting and recommendations for merit increases

2) Bench-marking

- Manage local surveys and create compensation benchmark for a position or a group of positions.

- Advise and consult with HR Business Partners as well as Business Leaders on the basis of the results.

- Create comp package proposals, consult and advise on banding as required

Executive Compensation: Facilitate and implement executive compensation, related programs and processes including related long term incentive plans

3) Variable Pay Programme

- Design of variable pay programs

4) Benefits

- Knowledge of working on insured and non-insured benefits across geographies.

5) Communication & Capacity Building

- Implement, improve, communicate local Compensation, Benefits

- Collaborate with HR Services to enable excellent administration of Compensation, Benefit policies, tools and processes.

- Refine standardized reports to relevant analysis

- Provide technical and process training to HR where applicable

- Create, Prepare, deliver local/individual communication on global, local and strategic

Education and Experience:

- Full-time MBA (HR specialization preferred)

- Total HR experience of 6-8 years with minimum 4 years in C&B (mandatory)