Senior Consultant - Total Rewards - Big4

We have a job opening with one of our client for the position of Sr Consultant - Total Rewards

Location: Bangalore & Gurgaon

Delivery: 

- Work on global client projects as part of a globally distributed team. Ensure quality of all work outputs, timeliness and accuracy of content. Be recognized as a subject matter expert in areas such as

- Compensation Pay Band Design

- Compensation & Benefits Benchmarking

- Benefits Design

- Benefits Automation & Digitization

- Benefits Governance Structure

- Incentive Pay Design

- Job Evaluation & Job Grading

- Annual Comp & Incentive Review

- Ensure effective client communication, cadence and build relations with client and project team counterparts across global locations. Ensure to obtain excellent feedback from the client and global project counterparts

- Practice development: Support development of thought leadership, collateral, Total Rewards tools & accelerators (Benchmarking tools), methodologies to enhance Total Rewards

- Knowledge / significant exposure in below areas

- Compensation

- Drive development of compensation philosophy in alignment with organization's strategy

- Lead assessment of compensation structure, pay mix and market positioning and discuss recommendations with global clients

- Design and implement the Flexi Reward Framework across different employee generations ensuring alignment and consistency in rewards policy & framework

- Design Pay Ranges based on reward philosophy and qualitative inputs from compensation benchmarking exercise for both Management and Non-Management Levels

- Conduct job matching, benchmarking and to develop pay bands.

- Review client's variable pay plans, analyze market best practices, conduct cost impact analysis and propose design modifications in alignment with the key imperatives.

- Design Long and Short Term Incentives

- Benefits Design

- Research and analyze salary components, trends, and benefits offered by peer comparators

- Provide advisory support in designing special policies for clients

- Responsible for end to end design and management of all employee-related benefits and policies

- Design, communicate and continuously improve employee benefits/policies

- Formulate automation of benefits and conduct User Acceptance Testing for client systems

- Benchmarking

- Conduct market benchmarking exercise on compensation and benefits, and assist clients to define their market positioning strategy