AddressTotal Rewards Plan Formulation& Implementation
- Design the C&B plan and policies for the organization. Drive implementation providing support on interpretation and implications as required
- Drive & design uniform & business supportive Variable pay and other incentive plans. Roll it out and administer implementation across all entities
- Responsible for proposing and executing change concerning C&B policies and guidelines.
- Support compensation fitments for new hire offers in partnership with the TA team to ensure internal & external pay parity while hiring from the market & when moving the internal talent to other entities & countries
- Transforming existing benefit programs by recommending design changes that would work from Global, local cultural perspective and cutting through a diverse workforce
- Develop & Implement Non-Monetary rewards Programs.
- Compensation & Benefits Programs Implementation & Roll out
- Work with Consultants & vendors and ensure timely completion of C&B projects/Exercise
- Oversee end to end management and communication of C&B policy
- Manage multicounty C&B practices for all entities, ensure payroll compliances
- Ensure compliance to local laws wrt C&B and ensure timely pay-out of PF/SAF/Gratuity (social security)
- Provide C&B scenarios to work on Annual Salary Increments in line with internal budget & Market benchmarks. Ensure its application & administer implementation Market Intelligence, Research & Inputs for Strategy Development
- Drive the Global market benchmarking exercise. Identify suitable comparator basket across regions & entities to present the most comprehensive & accurate information
- Present level wise compensation benchmarking & gaps reports to GCHRO, Leadership and HR team & build consensus to apply the same
- Interface with external vendors to participate in C&B surveys to enable benchmarking of company positions
- Evaluate and compare existing benefit and recognition programs both local and global to identify key differences and possible areas of alignment.
- Bring in industry insights with an outside-in perspective
