Lead - Rewards/Compensation & Benefits - Healthcare/Retail/FMCG

Key Responsibilities:

1. Total Rewards Strategy

- Develop and implement a comprehensive total rewards strategy including base pay, variable pay, benefits, recognition, and retention programs.

- Align reward programs with the company's goals, performance culture, and market competitiveness.

2. Compensation Management

- Lead annual compensation reviews including salary benchmarking, merit increases, and bonus programs.

- Oversee job evaluation, salary structure design, and internal equity analysis.

- Conduct regular market analyses to ensure competitive pay structures.

3. Benefits & Wellbeing

- Design and manage employee benefits programs (medical, insurance, retirement, wellness, etc.).

- Evaluate cost-effectiveness and employee satisfaction of benefits offerings.

- Stay updated with regulatory changes and industry trends.

4. Performance & Incentive Programs

- Collaborate with HR and business leaders to design incentive schemes (sales incentives, bonus plans, long-term incentives).

- Ensure alignment between performance management and reward outcomes.

5. Governance, Compliance & Reporting

- Ensure compliance with local labor laws, tax regulations, and corporate governance standards across all reward components.

- Manage audits and provide necessary documentation for internal/external stakeholders.

- Prepare and present detailed reports and insights to senior leadership and the board, as required.

6. Leadership & Stakeholder Engagement

- Advise executive leadership on reward-related decisions and trends.

- Partner with Finance, HRBPs, and external consultants to ensure consistency and effectiveness.

- Lead a team of reward professionals (if applicable), providing mentorship and development.