- Support the design and execution of reward interventions for executive employees, including base compensation, benefits, and long term incentive (LTI) programs
- Design new incentive plans and periodically review existing long term incentive frameworks in line with market benchmarks and evolving business needs. Provide advisory support to management on both stock based and non stock incentive plans such as ESOPs, SARs, and performance linked cash plans
- Develop and present data driven dashboards, management presentations, and detailed proposal notes for the Leadership, Board and the Nomination & Remuneration Committee (NRC).
- Act as a strategic advisor to the Head of Total Rewards & Analytics on matters related to total rewards strategy, design, and governance.
- To exercise internal and external benchmarking to analyze and collect market leading best practices and work to introduce the same in the organization
- Provide insights and recommendations to HR and Total Rewards Head regarding non-standard / tailored compensation & benefits packages, based on research and data analysis
- Provide insights to compensation & benefits strategy ; to provide insights and observations based on total rewards surveys and market practices analysis and recommend on related rewards policies
- To support the annual salary review processes
- Work on understanding the organizational structure & context to create relevant Salary Grids & new structures
- Support with developing, managing, and delivering rewards-related training and communication for various stakeholder and leadership teams.
- To identify and implement improvements in the existing processes and policies to increase overall effectiveness
- Manage and ensure compliance with corporate governance, compensation & benefit-related laws.
ADDITIONAL SKILLS:
- Mandatory experience in the administration and management of ESOP plans.
- Experience in the design and structuring of long term incentive (LTI) plans is highly preferred.
- Should possess strong knowledge of market trends, best practices and technology.
- Strong consulting and facilitation skills.
- Strong analytical skills
- Systematic understanding of total rewards, as well as other HR functions
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