Vice President - Total Rewards - IT/ITeS

Role - Vice President (Total Rewards )

Location - Bangalore / New Delhi / Mumbai

The Individual will be required to Manage Service Delivery of Compensation, Comp Admin & Benefits design, Overall accountability of delivery, prioritization and escalation across all teams (IT & ITES). Design, build and communicate HR programs, policies, processes and practices that deliver long term HR strategy and support business goals. Conduct internal and external market research and analysis to plan compensation and benefits and ensure its relevance, competitiveness and affordability.

Responsibilities:

Overall :

- Serve as a main point of contact for all issues related to the Total Rewards areas and manage relationships with stakeholder group and key individuals

- Work with the HR and Business Leaders, understand business/people strategy in order to develop priorities and design/build solutions that support it

- Define the compensation framework for a business Entity in the Organisation and future developments and coordinate with field HR Organization and People Advisors to implement compensation processes

- Interface with HR and leadership/employees in assigned areas to provide compensation communication as needed

- Drive refinement of the Market Intelligence processes and deliverables to ensure client expectations and deliverables are met on time and with quality

- Accountable for market data collection, analysis and target development. Ensure market data analysis and recommendations are aligned with the compensation strategy and direction for the Entity

- Finalize overall Total Rewards Management budget requirements for the business Entity through in-house compensation planning tool. Monitor the budget spend over the fiscal year

- For the business entity - design, implement and deliver the complete spectrum of compensation programs, including annual merit increases, Variable Pay Programs, Skill bonuses, promotions and other compensation actions as also effectively deliver the corresponding communications

- Analyze performance metrics. Provide specialty reporting and data analysis as required. Identify trends, potential areas of non-compliance with legal requirements and opportunities for performance improvements within the function

- Develop, review and apply global guidelines, frameworks, toolkits and methodologies that align with the business strategy and the vision of HR

- Support implementation of new (or key changes to existing) global programs and processes, testing designs to validate applicability to local market situations and ensuring appropriate local implementation in the context of global guidelines

- Adapt, communicate and implement the strategic direction of all the operations to ensure adherence to global policies and processes

- Ensure that Organisations Total rewards programs are fully integrated with statutory programs within each country

- People Management (managing a team of 4 to 6 employees) - Build skills needed for the team to execute responsibilities. Effectively coach/counsel team members and provide feedback to improve. Promote teamwork and a positive work environment

Career Level Expectations:

Below are the expectations for all employees in this role.

Complexity :

- Requires identifying and assessing complex problems for area(s) of responsibility. Creates solutions in situations in which analysis requires in-depth knowledge of organizational objectives.

- Requires involvement in setting strategic direction to establish near-term goals for area(s) of responsibility

- Interaction is with senior management levels at a client and/or within Organisation, involving negotiating or influencing on significant matters.

Authority:

- Latitude in decision-making and determination of objectives and approaches to critical assignments

Impact or Decision Impact:

- Decisions have a lasting impact on area of responsibility with the potential to impact areas outside of own responsibility

Scope:

- Manages large teams and/or work efforts at a client or within Organisation.

Below are the skills that employees in this role are expected to possess :

- Rewards Planning & Design

- Compensation Program Design

- Data Analytics and Interpretation

- Benchmarking

- Policy Development & Maintenance

- Regulatory Compliance

- Rewards Strategy

- Talent Management

Experience : 12 to 16 years Rewards experience