AGM - Total Rewards - Healthcare Sector - BPM Business

A prestigious client of Innoquest Consulting, a BPM service provider in the healthcare sector, is seeking an AGM - Total Rewards (India Centric) in Bangalore.

Position Summary:

The AGM - C&B role will be responsible for leading the Compensation function for the organization - with focus on developing C&B policies, leading the Annual compensation cycle, Salary benchmarking with multiple vendors and other core C&B activities. This is a strategic role and will play a key part in devising the overall C&B strategy and direction.

Roles & responsibility:

- Lead the design, implementation, and administration of end-to-end employee compensation programs.

- Conduct the salary & benefits benchmarking exercise, propose grids for new roles, revise market data ranges wherever required within the organization.

- Monitors the job market, compensation trends and find best practices for implementation in the organization

- Analyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitiveness

- Review and advise M&A team during due diligence and actively manage HR integration from a C&B perspective (compensation alignment, job classification, position structure, bonus harmonization).

- Collaborate with HR and business leaders to establish effective performance management frameworks, including goal setting, performance evaluations, and recognition programs.

- Conduct C&B audits and implement necessary controls to fix gaps

- Is responsible for setting and tracking the compensation budget within the organization.

- Handle salary increment process.

- Administers benefits and provides monthly inputs for payroll processing.

- Participates in market surveys, analyses the report and makes recommendations to the management.

Skills & Competencies:

- Graduate, preferably MBA HR.

- 12+ years of overall experience in core C&B - with proven expertise in leading strategic C&B function in a BPO/ KPO /IT organisation.

- Adept at engaging with the senior leadership across the organizations worked with.

- HR certification (e.g., Certified Compensation Professional, Certified Benefits Professional) is a plus.