Lead - Total Rewards
Responsibilities:
Total Rewards Strategy Development:
- Develop and refine the total rewards strategy to align with business objectives and talent strategies.
- Provide insights and recommendations on reward structures, trends, and enhancements to -support business goals
- Custodian of budget (pay increase, bonus, incentive)
Performance and Compensation Management:
- Lead the development and management of compensation structures, including job evaluation, salary benchmarking.
- Manage the annual compensation cycle including salary review, bonus payments, and incentive programs ensuring processes are completed accurately and on time.
- Ensure job evaluations, grading structures, and pay ranges are competitive and compliant with regulatory standards
- Ensuring sanctity of the performance and compensation module on the internal HRIS system
Benefits and Policies:
- Oversee employee benefits programs (e.g., health, wellness, retirement, and other ancillary benefits) that are competitive
- Partner with vendors to evaluate and manage benefits plans, focusing on cost containment and employee satisfaction.
- Lead benefits review processes Benchmark, Design and roll out of policies
- Drive org's DEI agenda through supporting policies
Employee Recognition and Engagement:
- Develop and enhance employee recognition programs to foster a culture of appreciation and engagement
Compliance and Data Analytics:
- Ensure total rewards programs comply with local, state and OC regulations as well as company policies.
- Manage reporting requirements and analytics, ensuring accuracy in compensation and benefits data (attrition, demographics, other analysis)
- Support internal and external audits related to compensation and benefits compliance (wherever necessary)
Org Design:
- Analyse organization structure to ensure it supports efficiency and business goals
- Assess span of control, role duplication, and job redundancies in the current structure
- Create and maintain a consistent framework for job roles across the organization
- Support restructuring efforts by providing insights into job impact and total rewards implications
Credentials:
- Qualifications Essential: Tier 1-2 MBA Institute
- Knowledge Essential: Sound knowledge of total rewards practices.
- Proficiency in Excel & power point presentation.
- Experience Essential: 8 - 12 years of experience
Personal Attributes:
- Strategic thinker with strong learning agility and problem-solving skills
- Excellent communication, presentation, and interpersonal skills.
- High attention to detail and organizational skills
- Stakeholder Management
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