Dr Reddys - Rewards Specialist

Role: Rewards Specialist

Reporting To: Lead-Global Rewards & Performance

Location: Banjara Hills, Hyderabad

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

Key Responsibilities :

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

Benchmarking :

- 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

Variable Pay Programs: Work on design of variable pay programs

Benefits: Work on insured and non-insured benefits across geographies.

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 trainings 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 experience in Rewards CoE.