Role Summary The role holder shall be responsible for: - Total Rewards (TR) Design & Delivery with cutting across Cash, Variable (STI, LTI & ESOPs), Benefits and TR- linked HR Policies. - Rewards Analytics, C&B Benchmarking and Annual Rewards Reviews (ARR) . - Actively participate and contribute to projects related Compensation Harmonization, HR Budgeting & Cost Analytics. Role Responsibilities: Total Rewards (Responsible for Compensation, Benefits, Policies & Incentives): - Be the specialist on C&B matters, HR Policies, Incentives (short & long), Recognition & Benefit programs to meet the business & talent needs. - Develop, implement, administer & maintain benefits programs, policies, and procedures. - Ensure programs meet employee needs, comply with legal requirements and are cost effective. - Management of Benefits Service Providers like Insurance Brokers, Car / Asset Leasing Companies, Financial Services, etc. - Partnering effectively with multiple functions like Sales, Supply Chain & finance on design & implementation of incentives programs. Total Rewards (Benchmarking): - 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. - Maintain current knowledge of related government rules and regulations & fulfils compliance and reporting requirements. - 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. - Coordinate & facilitate implementation, communication of strategy and programs and maintenance of compensation & benefits plans and policies with/to all levels of the company. Total Reward Analytics: - 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 & efficiency analytics. - Collect & study information related to people & HR related costs that affect the organization. Use HRIS/HRMS to store, manage and analyze data more efficiently and accurately. Skills, Knowledge & Competencies Functional Competencies: - MBA in Human Resources from a Tier I/II B- school. - Certification in Rewards will be an added advantage. - 2+ years of experience in Compensation & Benefits. - Knowledge of / Experience in design & implementation of Sales Incentives, Productivity Measures, Insurance Benefits. - High on Numerical Ability. - Advanced Data Analytics & MS- Excel Skills. - Knowledge of statistical measures. - Knowledge of equity plans, rewards benchmarking, HR Systems will be added advantage. Best suited for someone who - Can apply creative and innovative thinking to complex challenges. - Likes to program manage new initiatives. - Likes to conceptualize and play a consultative role. - Likes to look out for best practices, new models and frameworks. Personality Traits - Confident and Assertive. - Curious - excited to keep learning. - Tenacious with a capacity to persevere. - Pleasing personality. - Excellent written and spoken communication skill.

Bangalore

Specialist - Total Rewards - Retail/FMCG/IT/Pharma 

Job Description for Specialist - Total Rewards - Retail/FMCG/IT/Pharma  in Fortune Consultants in  Bangalore for (2-5) years of experience. Apply Now!