Senior Manager - Compensation & Rewards

Description: We are seeking a strategic and analytical Senior Manager - Compensation & Rewards to design, manage, and optimize our organizations total rewards strategy. The ideal candidate will drive competitive compensation structures, implement performance-based reward systems, and ensure compliance with regulatory requirements while aligning rewards with business objectives to attract, retain, and motivate top talent.

Key Responsibilities:

Compensation Strategy & Planning

- Lead annual compensation reviews, salary benchmarking, and pay structure design across levels and geographies.

- Partner with business leaders and HRBPs to provide compensation insights for workforce planning, promotions, and retention cases.

Rewards & Recognition

- Design and manage short-term and long-term incentive plans (STI/LTI) that drive performance and align with company objectives.

- Oversee employee recognition programs that foster engagement and reward high performers.

Market Benchmarking & Analytics

- Conduct market surveys and analyze compensation trends to ensure competitive positioning.

- Provide data-driven insights and dashboards to guide decision-making on salary budgets, variable pay, and rewards.

Compliance & Governance

- Ensure compliance with local labor laws, tax regulations, and internal policies related to pay and benefits.

- Maintain pay equity and transparency across functions and levels.

Collaboration & Stakeholder Management

- Partner closely with finance, HR operations, and business leaders to manage compensation budgets and headcount plans.

- Present recommendations to senior leadership with clear rationale backed by data and market insights.

Key Requirements:

Education: MBA / Masters degree in HR, Finance, or related field.

Experience: 10-15 years of progressive experience in Compensation & Benefits / Total Rewards roles, with at least 3-5 years in a managerial capacity.

- Strong expertise in compensation benchmarking, incentive plan design, and analytics.

- Advanced proficiency in Excel, HRIS, and compensation modeling tools (e.g., Mercer, Aon, Willis Towers Watson).

- Exceptional analytical, problem-solving, and presentation skills.

- Strong business acumen with the ability to influence senior stakeholders and drive change.