Objective:

To lead and contribute to the development, design, and execution of programs for rewards and benefits. To develop an ongoing overall incentive plan to encourage and promote a high-performing culture that attracts, motivates, retain the employees.

Title: National Manager - Compensation and Benefits

Function: Human Resources

Work Location: Bangalore

Job Responsibilities:

- Monitor, assess, optimize and develop industry trend-aligned incentives, compensation and reward programs.

- Benchmark the compensation and benefits practices with the best in class and propose enhancements.

- Assist in the creation and implementation of national and overall rewards plan, in addition to the management of general benefit programs.

- Assess the efficacy of existing initiatives in relation to the goals of the organization and, where needed, enforce reform.

- Lead all forms of compensation, including salary, merit, promotions, equity, etc., and advise on the design of the incentive package.

- Collaborate with HR and leadership on acceptable and appropriate total incentive packages, in order to attract and retain talent.

- Design and implement communication techniques and operations aimed at educating and informing workforce about total incentives.

- Prepare the annual budget for overall compensation and monitor benefits-related spending.

- Identify and enforce metrics that measure and monitor the success of existing Total Rewards schemes and new programs.

- Examine cross-departmental influences and resolve information exchange by effectively collaborating with Accounting, Finance, HR and other departments.

- Establish and maintain good working alliances with key stakeholders in HR and business functions.

Geographical Scope: PAN India

Reports To: Head - Total Rewards & People Experience

Key Customers:

Internal Customers:

- HR Partners, HR CoE (D&I, Talent Management), Shared Services, Administration, Finance (Payroll & Treasury), Legal, Communications, BIG HR and C&B

External Customers:

- Benefits providers/vendors (e.g. insurance companies), Consultants (benchmarking, market surveys etc), Insurance brokers, Industry peers

Job Requirements:

Qualifications: Master's degree in finance/ HR or any other related field from a top tier institute

Experience: 10 - 12 years' experience in Total Rewards in a corporate environment

Functional Skills:

- Good analytical skills with the capacity to operate through systems, identify process changes and execute them, and address complex problems.

- Excellent written, verbal and interpersonal communication skills.

- Good project leadership, analytical and organizational skills are essential.

- Experience in leading and developing teams is crucial for this role.

- Good understanding of Job Evaluation principles and benchmarking methodologies is essential.

- Knowledge of benefit contract language.

- Demonstrate the ability to function together in a team setting as well as with individuals inside the company at all levels.

- Proficiency in MS-Excel.

- Knowledge of compensation strategies.