Head - Rewards & Policies - Automobile/Chemcials/Manufacturing

Key Result Areas:

- Benchmark existing policies and processes internally and with industry modern practices to recommend best-in-class practices for implementation across Group Companies - Constantly ensure adherence of established Group policy & process guidelines & timelines by individual Group Companies

- Analyze employee experience and feedback on HR policies and processes to constantly challenge the status quo and improve existing practices

- Overseeing compensation databases, benchmark compensation, annual performance reviews, and employee benefits.

- Develop a consistent compensation philosophy in line with Organizational Vision and work culture

- Assessing individual Group Company compensation philosophy/ pay structures and constantly striving to establish a fair, competitive, consistent and transparent Group standard in line with modern industry practices. Ensuring individual Group Companies adhere to established norms on Group Compensation Guidelines

- Benchmarking competitors / industry, reviewing internal company performance and strategizing compensation, benefits and increment proposals for apex leadership approval. Ensuring communication of the decisions on the same to key stakeholders

- Designing Group Company specific Long-Term Incentive schemes / Retention Bonus schemes, etc. to engage and retain Leaders / Top Talent / Critical Talent

- Facilitating assessment of Jobs as per Hay methodology of evaluation to determine grade levels

- Support individual Group Companies in creating compensation proposals for their Nomination and Remuneration Committee (NRC) meetings

- Driving increment and Bonus proposals to closure for senior leadership

Preferred Skills:

- 7-12 years experience in designing reward frameworks and structures

- Senior leadership compensation design / administration

- Experience in making innovative benefits packages

- Understanding of how Rewards structures are changing in the industry

- Should be proficient in MS Excel and presentation skills

- Good communication and drafting skills

Education: MBA/PGDM