Position - Manager - Total Rewards
Location - Mumbai (On site role)
Reporting to - Global Head Total Rewards
Key Responsibilities :
- Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget
- Plans and executes C&B programs like Annual Compensation reviews across 70+ countries
- Plans and executes the short-term plans like Annual variable pay plans and sales incentive plans globally.
- Manages and owns the Performance management system, communication and process improvements
- Designs and develops compensation policies
- Analyses different components of the remuneration schemes in the organization and prepares reports about the internal equity and external competitiveness
- Closely cooperates and manages the relationship with the external compensation consulting companies
- Should manage relationships with senior leaders and present in leadership forums
- Leads and manages compensation projects for the entire organization
- Participates as the team member in the strategic projects and initiatives
- Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs)
- Trains line managers and HR members in the complex usage of different HR and Compensation policies
- Manages the compensation platform on digital initiatives like SAP Success Factors and other tools in future.
- Advice top managers in taking difficult decisions in the area of compensation, benefits and motivation of employees
- Knowledge of other geographies is an added advantage
- Knowledge of taxation, expatriate compensation is an added advantage.
Key Skills :
- Strong and proven analytical skills
- Excellent MS Office skills (MS Excel, MS PowerPoint)
- Excellent Communication skills
- Strong Negotiation skills
- Strong Time Management skills
- Ability to work across time zones
- Ability to effectively communicate with stakeholders across different geographies
- Self-management skills
- Ability to work under pressure and tough deadlines
- Team Player
Relevant Experience:
Necessary - At least 2 years in Compensation
Total - At least 5 to 6 years of experience in HR
Educational Qualification :
Necessary - Postgraduate in Business Administration
Desirable - Certification in Compensation programs
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