Manager

Job description

**JobDescription–CompensationandRewardsLeader** PositionSummary The **CompensationandRewardsLeader** is responsible for designing, implementing, and managing the organization's compensation, benefits, recognition,andrewardsprogramstoattract,retain,andmotivatetalent.Thisroleensuresmarketcompetitiveness,internalequity,regulatorycompliance,andalignmentofrewardstrategieswithbusinessobjectives. **Theincumbentwillworkcloselywithbusinessleaders,HR,Finance,Payroll,andexternalpartnerstodrivecompensationstrategy,benefitsoptimization,paygovernance,performancemanagement,andemployeevaluepropositioninitiatives.** KeyResponsibilities CompensationStrategy&Management - Developandimplementtheorganization'scompensationphilosophyandrewardsstrategy. - Leadannualcompensationreviewcycles,includingmeritincreases,promotions,marketcorrections,andsalarystructurereviews. - Designandmanagejobevaluation,jobgrading,andcareerarchitectureframeworks. - Conductsalarybenchmarkingstudiesandmarketcompetitivenessassessments. - Analyzecompensationtrendsandrecommendimprovementstomaintainexternalcompetitivenessandinternalequity. - Reviewandmaintainsalaryranges,compensationpolicies,andgovernanceframeworks. - DrivethePerformanceManagementSystem(PMS)andsupportoverallHRoperations. VariablePay&IncentivePrograms - Design,implement,andadministershort-termincentiveandvariablepayprograms. - Manageannualbonusplans,retentionbonuses,andspecialrewardinitiatives. - Evaluatetheeffectivenessofincentiveprogramsandrecommendenhancementsalignedwithbusinessgoals. - Ensurestronglinkagebetweenperformanceoutcomesandrewardprograms. BenefitsManagement - Leademployeebenefitsstrategyandadministration,including: - HealthInsurance - LifeandAccidentInsurance - WellnessPrograms - FlexibleBenefits - Monitorbenefitutilizationandvendorperformance. - Conductperiodicbenchmarkingandcost-benefitanalyses. - Partnerwithbrokers,consultants,andproviderstooptimizebenefitscostandemployeeexperience. Compliance&Governance - Ensurecompliancewithlaborlaws,wageregulations,taxrequirements,andstatutoryobligations. - Developandmaintaincompensationandbenefitspolicies. - Supportinternalandexternalauditsrelatedtorewardsprograms. - Monitorregulatorydevelopmentsandtheirimpactoncompensationandbenefitspractices. HRAnalytics&Insights - Developdashboardsandreportscovering: - CompensationPositioning - AttritionAnalysis - BenefitsUtilization - PayEquity - Generateactionableinsightsandrecommendationsforleadershipteams. - Prepareexecutive-levelcompensationreportsandboardpresentations. StakeholderManagement - CollaboratewithHRBusinessPartners,Finance,Payroll,TalentAcquisition,andbusinessleaders. - Serveasatrustedadvisoroncompensationandrewardsmatters. - Presentrecommendationsandbusinesscasestoseniorleadership. - Managerelationshipswithcompensationconsultantsandbenefitsvendors. EmployeeExperience&Communication - Developcommunicationstrategiestoenhanceemployeeunderstandingofcompensationandrewardsprograms. - Strengthentheemployeevaluepropositionthroughinnovativerewardandrecognitioninitiatives. - Driveemployeerecognition,engagement,andwell-beingprograms. TeamLeadership - Lead,coach,anddeveloptheCompensationandRewardsteam. - Establishteamgoals,performancemetrics,andcapability-buildingplans. - Driveprocessimprovements,digitization,andautomationinitiativesacrossrewardsoperations.