Job Description / Capsule: Considered an expert in Reward (C&B) Area. Responsible for developing, implementing and delivering Rewards Strategies - in partnership with the HRBPs, Global Reward COE and Business Leaders. It is an Individual Contributor role. - Work closely with the Regional Reward COE to develop Total Rewards (C&B) Strategy for the Market - Define and drive Employee Benefit & Wellbeing Framework aligned to Local Market Total Reward Philosophy - Ensure that Performance and Reward strategy aligns to the Global policies and practice - Drive Performance Development & Reward Cycle for the Market - Nurture a culture of Recognition to applaud and celebrate performance and behaviours aligned to Values. - Work closely Reward COE on evolving Market Organisation design, New Roles, Job Evaluations, Fitment and Market Benchmarking. - Supports the effective and efficient governance of India compensation solutions and benefits programs Typical Accountabilities: - Develop Country Total Reward Strategy aligned to country business & reward priorities. - Drive market Governance for all Local & Global Reward policies & practices - Roll out and embed global reward policies, practices and processes, ensuring all local reward policies are compliant, or have an agreed exception due to local legislative requirements - Lead day-to-day management of reward delivery. - Define Job positioning and Job evaluation Framework aligned to Market Organisation design and Job Framework - Define and Drive Local Benefit Framework aligned to Local Market Total Reward Philosophy - Design , Communicate and Manage - Drive all Annual Compensation Review activities with regards to MRP and data configuration in workday from ASR perspective - Governance of Merit / STI (Bonus) / LTI Budget & Reward Principles for the Market - As part of the leadership team oversees global compensation and benefits standards and processes and the governance relating to these. - Manages and maintains reward policies, ensuring adherence with regulatory, legal and best practice competitive approaches in markets under purview - Managing third party providers to required procurement and policy standards. - Acts as an expert resource providing advice on benefit & Wellbeing policy development, integration issues (e.g. mergers and acquisitions), contributing both within own area and providing advice across the wider HR community - Reviews Wellbeing & benefits provision, monitoring cost and financial impact of provision and competitiveness of package to market. Projects future funding requirements and works with providers to maximum effectiveness of provision - Responsible for managing in country budget for Rewards - Responsible for Data & Analytics for the function and monitoring country Rewards / Benefits / Recognition Dashboard and metrices - Leads the communication of reward decisions both within and outside the HR team - Working across the HR function and business, aligns reward programme delivery with wider HR and business objectives, ensuring interventions are integrated in a consistent way that supports organisational objectives - Supports the local implementation of any new globally defined compensation and benefits methodologies and/or processes, for example the annual pay review process, performance management system and benefit plan management. Education, Qualifications, Skills and Experience: Essential: - Proven R&I Expertise Uses broad reward expertise, coupled with internal and external insight to influence the evolution of the Reward Value Proposition, principles and policies. - Ability to translate global principles into appropriate reward solutions for business area - Ability to support the business in managing risk through application of knowledge of regulatory and legislative frameworks. - Proven track record of leading change and shaping organisation culture and practices Desirable: - A trusted partner who collaborates with internal/external key stakeholders to drive and anticipate future needs across Total Reward - Understand complex business issues and use relevant reward insight to provide context for and implications of decisions - Experience and understanding of Pharmaceutical and Technology Industry landscape

Chennai

Reward Lead - Pharma 

Job Description for Reward Lead - Pharma  in Synergy Consultants in  Chennai for (10-18) years of experience. Apply Now!