Head - Global Total Rewards/Compensation & Benefits - IT

We are hiring for the position of Head of Global Total Rewards, Compensation &Benefits with one of the leading organization

Experience: 12+ years

Location: Bangalore

Job Purpose and Key Accountabilities

- Lead the Compensation & Benefits (C&B) function: driving the global design, standardization and implementation of the C&B policies and procedures in order to ensure a competitive position in the global talent market. In this role the incumbent will lead the Total Rewards (Executive Compensation, Payroll, Non- Monetary Rewards & Benefits) for our multiple business entities spread across India, Middle East, Africa & Turkey and other South Asian countries. The primary responsibilities of the position are: Total Rewards Plan Formulation & Implementation

- Design the C&B plan and policies for the organization. Drive implementation providing support on interpretation and implications as required

- Drive & design uniform & business supportive Variable pay and other incentive plans. Roll it out and administer implementation across all entities

- Responsible for proposing and executing change concerning C&B policies and guidelines.

- Support compensation fitments for new hire offers in partnership with the TA team to ensure internal & external pay parity while hiring from the market & when moving the internal talent to other entities & countries

- Transforming existing benefit programs by recommending design changes that would work from Global, local cultural perspective and cutting through a diverse workforce

- Develop & Implement Non-Monetary rewards Programs

Compensation & Benefits

Programs Implementation & Roll out

- Work with Consultants & vendors and ensure timely completion of C&B projects/Exercise

- Oversee end to end management and communication of C&B policy

- Manage multicounty C&B practices for all entities, ensure payroll compliances

- Ensure compliance to local laws wrt C&B and ensure timely pay-out of PF/SAF/Gratuity (social security)

- Provide C&B scenarios to work on Annual Salary Increments in line with internal budget & Market benchmarks. Ensure its application & administer implementation

- Market Intelligence, Research & Inputs for Strategy Development

- Drive the Global market benchmarking exercise. Identify suitable comparator basket across regions & entities to present the most comprehensive & accurate information

- Present level wise compensation benchmarking & gaps reports to GCHRO,

- Leadership and HR team & build consensus to apply the same

- Interface with external vendors to participate in C&B surveys to enable benchmarking of company positions

- Evaluate and compare existing benefit and recognition programs both local and global to identify key differences and possible areas of alignment.

- Bring in industry insights with an outside-in perspective

Coordinating with internal & external stakeholders

- Partner with finance/tax, legal and local HR payroll teams to ensure compliance with local laws and regulations related to payroll, and compensation & benefits programs.

- Develop and maintain strong relationships with external partners, including benefits providers, compensation consultants, and other vendors.

- Collaborate with other HR teams to ensure that compensation and benefits programs are integrated with other HR programs and initiatives.

Team Development

- Design and provide education and training to managers and employees on compensation and benefits programs, merit process, bonus, and other C&B topics.

- Attend seminars, exhibitions, and training programs to continuously update knowledge.

- Continuously hone up desired competencies to perform exceedingly well in the role

- Reporting Relationship and Location

- The position is titled as Head - Total Rewards, Compensation & Benefits, it will report to the Global Chief

- Human Resource Officer. This role is subject matter expertise role & hence will be an Individual contributor role.

- The role will require interactions with various stakeholders such as all regional CEOs, CFOs, Global CXOs, Vendors, Partners, Industry forums and External Consultants.

Candidate Profile:

- The ideal candidate for this role will be a seasoned and highly qualified person with extensive experience in

- Managing Total Rewards / C&B Functions for a large global organisation. The individual will need to have strong experience 12 - 15 years. Significant experience of working in a consulting firm as a C&B leader will be an advantage. Working experience of Multicounty payroll & C&B agenda is a must.

- S/he should have a strong executive presence, relationship building skills and an ability to make an impact with internal / external stakeholders.

Education and Experience Guidelines:

- Minimum Degree: MBA /PGDM with minimum 15-18 years from a Tier 1 Management Institute.

Personal Attributes:

- The individual will be an independent, dynamic, high-energy person with strong analytical and interpersonal skills. S/he will have the ability & maturity to be accepted at the senior most levels within and outside the organization & be seen as a subject matter expert.

- Competencies Desired

- Category Category Name/Great 8 factors

- Competency Description

- Leading and Deciding - Takes responsibility for actions, projects and people; takes initiative and works under own direction; initiates and generates activity and introduces changes into work processes; makes quick, clear decisions which may include tough choices or considered risks

- Provides others with a clear direction; motivates and empowers others; recruits staff of a high calibre; provides staff with development opportunities and coaching; sets appropriate standards of behaviour

- Creating and Conceptualising

- Works strategically to realise organisational goals; sets and develops strategies; identifies, develops positive and compelling visions of the organisation's future potential; takes account of a wide range of issues across, and related to, the organisation

- Produces new ideas, approaches, or insights; creates innovative products or designs; produces a range of solutions to problems

- Rapidly learns new tasks and commits information to memory quickly; demonstrates an immediate understanding of newly presented information; gathers comprehensive information to support decision making; encourages an organisational learning approach (i.e. learns from successes and failures and seeks staff and customer feedback)

- Organising and Executing - Sets clearly defined objectives; plans activities and projects well in advance and takes account of possible changing circumstances; identifies and organises resources needed to accomplish tasks; manages time effectively; monitors performance against deadlines and milestones

- Focuses on customer needs and satisfaction; sets high standards for quality and quantity; monitors and maintains quality and productivity; works in a systematic, methodical and orderly way; consistently achieves project goals

- Appropriately follows instructions from others without unnecessarily challenging authority; follows procedures and policies; keeps to schedules; arrives punctually for work and meetings; demonstrates commitment to the organisation; complies with legal obligations and safety requirements of the role

- Supporting and Co- operating

- Shows respect for the views and contributions of other team members; shows empathy; listens, supports and cares for others; consults others and shares information and expertise with them; builds team spirit and reconciles conflict; adapts to the team and fits in well

- Upholds ethics and values; demonstrates integrity; promotes and defends equal opportunities, builds diverse teams; encourages organisational and individual responsibility towards the community and the environment

- Interacting and Presenting - Easily establishes good relationships with customers and staff; relates well to people at all levels; builds wide and effective networks of contacts; uses humour appropriately to bring warmth to relationships with others

- Gains clear agreement and commitment from others by persuading, convincing and negotiating; makes effective use of political processes to influence and persuade others; promotes ideas on behalf of oneself or others; makes a strong personal impact on others; takes care to manage one's impression on others

- Speaks fluently; expresses opinions, information and key points of an argument clearly; makes presentations and undertakes public speaking with skill and confidence; responds quickly to the needs of an audience and to their reactions and feedback; projects credibility

- Keeps up to date with competitor information and market trends; identifies business opportunities for the organisation; maintains awareness of developments in the organisational structure and politics; demonstrates financial awareness; controls costs and thinks in terms of profit, loss and added value

If you would like to explore the opportunity, please share updated resume or please reach at 7588793960.

Akash Thakare
7588793960