Specialist - Total Rewards

Key Responsibilities:

Total Rewards Design & Delivery:

- Develop and implement Total Rewards (TR) strategies encompassing Cash, Variable (STI, LTI & ESOPs), Benefits, and HR Policies.

- Conduct Rewards Analytics, C&B Benchmarking, and Annual Rewards Reviews (ARR).

- Contribute to projects involving Compensation Harmonization, HR Budgeting, and Cost Analytics.

Total Rewards Management:

- Specialize in Compensation & Benefits (C&B), HR Policies, Incentives, and Benefit programs aligned with business and talent needs.

- Design, implement, and administer benefits programs ensuring compliance and cost-effectiveness.

- Manage Benefits Service Providers effectively.

- Collaborate with various functions such as Sales, Supply Chain, and Finance on incentive program design and implementation.

Total Rewards Benchmarking:

- Conduct External Benchmarking to ensure alignment with business strategy, market competitiveness, and cost-effectiveness.

- Stay updated with relevant government regulations and compliance requirements.

Utilize Expertise:

- Apply market trends and data to corporate objectives ensuring legal compliance and governance.

- Recommend revisions or new plans aligned with compensation strategy and philosophy.

- Coordinate implementation and communication of compensation & benefits plans.

Total Reward Analytics:

- Analyze compensation and benefits programs for internal equity, market competitiveness, and legal compliance.

- Perform People Cost budgeting and effectiveness analytics.

- Utilize HRIS/HRMS for efficient data management and analysis.

Mandatory Skills Sets:

- MBA in Human Resources from a Tier I/II B-school.

- Certification in Rewards (added advantage).

- 2+ years of Compensation & Benefits experience.

- Proficiency in design & implementation of Sales Incentives, Productivity Measures, Insurance Benefits.

- Strong Numerical Ability.

- Advanced Data Analytics & MS-Excel Skills.

- Knowledge of statistical measures.

- Familiarity with equity plans, rewards benchmarking, HR Systems (added advantage).

Best Suited for Individuals Who:

- Apply creative and innovative thinking to complex challenges.

- Excel in program managing new initiatives.

- Enjoy conceptualizing and playing a consultative role.

- Stay updated with best practices, new models, and frameworks.

Personality Traits:

- Confident and Assertive.

- Curious and eager to learn.

- Tenacious and persevering.

- Possesses a pleasing personality.

- Excellent written and spoken communication skills.