Lead - Total Rewards - Manufacturing Firm

Openings for the role of Total rewards lead

Location - Bangalore

Reporting - General Manager

JD :

Total Rewards (Compensation & Benefits, HR Policies, Long & Short-term Incentives) :

- Be the specialist on Compensation, HR Policies, Incentives, Rewards & Recognition & Benefit programs to meet the business & talent needs.

- Develop, implement, administer & maintain benefits programs, policies, and procedures. Ensures programs meet employee needs, comply with legal requirements and are cost effective.

- Management of Benefits Service Providers like Insurance Brokers, TPA, Insurance Cos, Car / Asset Leasing Companies, Banks, etc.

- Manage preparation and delivery of communication and education materials for compensation and benefit programs.

- Partnering effectively with multiple functions like Sales, Supply Chain, Accounting & Tax on design & implementation of incentives programs for Sales & Production.

Total Rewards (Projects) :

- External Benchmarking: Analyse current rewards programs to ensure they align with our business strategy, market competitiveness and cost-effectiveness of our compensation and benefit plans to ensure that our rewards programs optimize our ability to attract top talent.

- Utilize experience/understanding in responding to compensation & benefits trends and market data points, while tying them to corporate objectives and ensuring legal compliance and sound governance.

- Recommend revisions or new plans that are cost effective and consistent with the compensation strategy and philosophy.

- Provide insight and practices from outside to stretch internal thinking/practices and advise internal users on current and future market capabilities.

- Coordinate & facilitate implementation, communication of strategy and programs and maintenance of compensation & benefits plans and policies with/to all levels of the company.

People Analytics & HR Systems :

- Supervise the People Analytics and HR Systems portfolio

- Conduct analysis of compensation and benefits programs to evaluate internal equity, external market competitiveness, and legal compliance of the organization's corporate compensation and benefits structure and practices.

- People Cost budgeting and effectiveness analytics.

- Collect & study information related to people & HR related costs that affect the organization. Ensure use of HRIS/HRMS to store, manage, analyse data more efficiently and accurately.