Vegrow - Manager - Total Rewards/Compensation & Benefits

ABOUT VEGROW

Vegrow focuses on matchmaking across demand and supply for fruits, aggregating multiple channels (wholesalers/semi-wholesalers, modern trade, and general trade) in 100 cities on the demand side and 30,000+ farmers on the supply side. Through its unique community advisory approach, Vegrow digitally engages with farmers across 400+ production pockets and helps them align with market expectations and get better yield, thereby higher income.

It processes more than 400 tons of fruits daily. The company has grown significantly in the last 12 months with industry leading gross margins of ~20%. The growth has been unlocked on the back of its deep tech and data stack across the value chain. It has built capabilities to harness farmer chatter, estimate farmland produce and measure demand across Tier-I, Tier-II and Tier-III markets.

Vegrow founders are extremely passionate about Agri-domain and come from a very strong pedigree of IITs and have a rich corporate and start-up experience along with domain expertise owing to their stint in ITC, Urban Company, AgroStar and Chronus.

It is a fast-growing company and has scaled to over 450 member young and passionate team with a very strong leadership who are ex-entrepreneurs with a blend of Agri & non-Agri expertise coming from successful organizations viz. Godrej, Reliance, ITC, Microsoft etc. The company has raised US$46M in its Series C primary and secondary funding in January 2024. This new funding round has been led by GIC, Singapore's sovereign wealth fund, with significant participation from existing investor Prosus Ventures and continued support from Matrix Partners India, Elevation Capital, and Lightspeed.

https://vegrow.in/

Role: Manager-Total Rewards / Compensation and Benefits

Location: Bangalore

About the Role: This role will be Responsible for administering and managing overall

Employee Compensation & Benefits and Total Rewards.

Primary Responsibilities:

- Responsible for designing and driving the rewards strategy across the organization

- Organize and drive Performance Management Review Programs at all levels and regions

- Develop, recommend, and implement changes in benefit, wellness and rewards and recognition plans in line with the company's strategy and associate experience goals.

- Design innovative rewards program to enhance the EVP and instill a Performance culture. Benefits design and roll out in alignment to our compensation philosophy and best practices

- Assess, advise, and manage benefit programs such as healthcare, accident, and life insurances; align with HR counterparts on implementation of programs and administration.

- Oversee the ESOP strategy with effective planning, clear communication, and regulatory compliance, ensuring alignment with company goals, employee education, accurate records, and regular evaluations for mutual benefit.

- Handle C&B processes like Salary Planning, Bonus Planning, New Benefits introduction.

- Liaise with external agencies to conduct market assessments / benchmarking and compensation consulting in line with business needs. Responsible for proposing and executing change with respect to C&B policies and guidelines.

- Review and update total review policies, procedures, and guidelines. Monitor its effectiveness and efficiency.

- Lead participation in external surveys. Design and manage internal surveys e.g ESAT, Performance surveys etc.

- Ensure compliance with statutory labour requirements related to compensation and benefits.

- Support in other HR projects as and when required.

Skills and Competencies:

- Business Acumen: Good understanding of building a Rewards model and talent landscape from scratch preferably in a startup environment.

- Knowledge: Strong knowledge on various Rewards tools , Models , ESOPS etc

- Stakeholder Management: Able to influence and manage the expectations across multiple stakeholders

- Analytical Skills: Strong analytical skills to interpret data and make informed decisions

- Communication: Excellent communication skills to convey compensation and benefits plan design in simple and understandable manner

- Collaboration: Ability to collaborate effectively with cross-functional teams and senior leadership.

- Problem-Solving: Strong problem-solving abilities to address challenges and optimise plan design and administration for better outcomes.

Experience & Qualifications:

- MBA/PG from a reputed business school.

- Relevant experience of 4 Years+ in a total rewards or C&B role

- Work experience in Startup companies is preferred

- Considerable experience in creating Rewards framework

Why work with us?

At VeGrow we promise to maximise what you care about the most. You will get an opportunity to work in a highly collaborative, empowered environment which will allow you to learn , experiment and grow.

Here every employee is encouraged to be audacious, innovative, entrepreneurial, purpose driven in order to create a legacy of their own. So come and be a part of this exciting journey where you get an opportunity to unlock your potential so You Grow and together ' VeGrow'