About the role
Lead the total rewards for a global financial services player
Oversee pan India rewards function
Be a strong advocate of organization's Total Rewards Philosophy and work with local leaders and teams to pro-actively drive the philosophy across the organization.
Serve as the primary point of contact and influence for Total Rewards management in India; meet proactively with senior leaders, and managers to educate, train, and communicate our total reward philosophy, impart understanding of total rewards programs, and pay review practices.
Research, analyze and evaluate compensation and benefits practices in India. Maintain a network of contacts and vendors to gather market intelligence.
Proactively benchmark compensation and benefits internally and in the external market.
Recommend changes to Pay structures to ensure market competitiveness and pay fairness.
Design and conduct and/or facilitate training to P&C team, managers, and employees on key compensation and total rewards issues, concepts, or processes.
Mentor and strengthen the local Rewards team that develops and executes programs, practices and processes, Work closely with global teams and local stakeholders.
Transformprocesses to gain efficiencies by automation or streamlining,workingwith People Technology or Transformation/operations team as necessary.
Work with the Global Rewards team on key initiatives such as new programs, budgeting, benchmarking, Performance Management etc. and serve as the voice of the local needs in liaison with local resources.
Work closely with regional teams to ensure sharing of best practices and market knowledge.
Drive, and support Pay review processes and related communications, including but not limited to Pay increase, promotions, performance management, off-cycle adjustment, Internal job posting, global mobility etc. Help team to identify critical issues during or ahead of the process.
Establish, maintain and support job leveling and compensation benchmarking programs, Leader/Manager education of compensation structures changes and impact.
Be responsible for overseeing benefits programs to innovate, manage on consistent basis, and building a best-in-class Employee Benefits Program.
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