Job Description: Manager - Rewards and Compensation (Corporate HR)

Position: Manager - Rewards and Compensation

Department: Corporate HR

Location: Ahmedabad

Role Overview:

The role holder will play a pivotal role in designing, developing, and implementing innovative compensation frameworks that align with the organization's strategic objectives. This role demands a strategic thinker with a strong ability to conceptualize and execute new frameworks and policies that drive employee engagement, motivation, and retention.

Key Responsibilities:

Compensation Strategy Development:

- Lead the design and implementation of comprehensive compensation strategies that align with the company's overall objectives.

- Continuously assess and refine the organization's reward systems to ensure competitiveness within the market.

- Introduce innovative compensation frameworks and models tailored to different employee segments.

Incentive Program Design:

- Develop and manage performance-based incentive programs that motivate employees and align with business goals.

- Collaborate with business leaders to understand and address the unique reward needs of different departments.

Market Research & Benchmarking:

- Conduct regular market research and benchmarking studies to ensure the company's compensation structures are competitive.

- Analyze industry trends and apply insights to enhance compensation frameworks.

Policy Development:

- Draft and revise compensation-related policies and procedures, ensuring compliance with legal and regulatory standards.

- Establish guidelines and frameworks for salary reviews, bonuses, and incentive programs.

Stakeholder Management:

- Partner with senior leadership, finance, and HR teams to communicate and implement compensation strategies.

- Provide guidance and support to HR Business Partners in interpreting and implementing compensation programs.

Framework Creation:

- Design and implement innovative frameworks for rewards, compensation, and recognition that cater to the diverse needs of the workforce.

- Continuously evaluate the effectiveness of compensation frameworks and make necessary adjustments.

Data Analysis & Reporting:

- Leverage data analytics to evaluate the effectiveness of compensation programs and make data-driven decisions.

- Prepare regular reports on compensation metrics, identifying trends and areas for improvement.

Key Skills & Competencies:

- Strategic Thinking: Ability to think critically and strategically to create innovative compensation frameworks that align with business goals.

- Analytical Skills: Strong ability to analyze complex data and derive actionable insights to inform compensation decisions.

- Communication Skills: Excellent verbal and written communication skills, with the ability to articulate complex ideas and frameworks clearly to various stakeholders.

- Problem-Solving: Proactive in identifying problems and developing creative solutions in the area of rewards and compensation.

- Attention to Detail: High level of accuracy and attention to detail in policy development and data analysis.

- Stakeholder Management: Strong ability to influence and collaborate with senior leaders and cross-functional teams.

Qualifications:

- Bachelor's degree in Human Resources, Business Administration, or a related field. A Master's degree or relevant certification is preferred.

- Minimum of 2-10 years of experience in compensation and rewards, with a focus on designing and implementing compensation frameworks.

- Proven experience in developing and managing compensation programs within a corporate environment.

- Expertise in compensation analysis, incentive plan design, and market benchmarking.

- Proficient in HRIS and compensation analysis tools.

Why Join Us?

- Opportunity to shape the compensation strategies of a dynamic organization.

- Collaborative work environment with a focus on innovation and continuous improvement.

- Competitive salary and benefits package.