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.