Associate Total Rewards CoE Rewards IFS

4 - 9 years

25 - 35 Lacs

Posted:3 weeks ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

 
  • Work on compensation benchmarking exercise for new and existing Partner participation in compensation and benefits surveys including recommendations on comparator baskets, understanding job families and descriptions; and data validation with the business.
  • Conduct job matching exercises with survey partners
  • Should have knowledge of Employee Stock Option Plan to understand the current ESOP scheme of Partners and design a new one accordingly.
  • Gap Analysis Collation and analysis of multiple sources of benchmarks and data to derive insights on compensation trends and gaps basis external benchmarks, recruitment data, internal employee data and existing pay ranges.
  • Conduct review of pay ranges for Partners , based on survey results and gap analysis, internal and external equity analysis. Design new ranges as required by the business. Partner with business teams for finalizing pay ranges basis affordability inputs.
Annual Compensation Review
  • Create first level simulations and models on increments and variable pay including promotions. Partner with LoS BUHC and LoS/SBU Leaders to refine LoS wise compensation models, principles and grids.
  • Conduct Pay Equity Analysis
  • Work with LoS BUHC for budget approval for Bonus and Increments. Work on Presentation CPO/COO on final increment and V Pay grids
  • Partner with HC Operations and BUHC teams for final TR Checks for goverce and compliance, Letter Release; and Increment and Variable Pay payout (for all staff including EDs)
Other
  • Policy Management Working on SOPs/Policies/Guidelines that come under the domain of Total Rewards
  • Data Repository maintain up to date compensation and benefits data repository.
  • Work on Internal Audit requirements as needed.
  • Participate in Vendor Evaluation for compensation and benefits.
  • Acting as a CoE for key stakeholders like Performance Management team leaders, BU HCs and other COEs for addressing Compensation and Benefits concerns/queries
Mandatory skill sets
Advanced Excel and modeling skills
Project Management and Data Analytics skills
Insight generation and eye for detail
Cultural sensitivity and the ability to build effective relationship with stakeholders across different groups HC, Business, Vendors and External Firms
Excellent interpersonal and presentation skills (written presentation of technical and analytical work is key)
Preferred skill sets
Compensation Management, Excel Analytics
Years of experience required
4 years
Education qualification
BBA, B.Com, MBA, PGDM, M.Com
Education
Degrees/Field of Study required Postgraduate (Diploma), Master of Business Administration, Bachelor of Commerce, Bachelor in Business Administration
Degrees/Field of Study preferred
Required Skills
Compensation Plans
Accepting Feedback, Accepting Feedback, Active Listening, Business Partnering, Business Transformation, Career Development, Change Management, CoCreation, Communication, Data Analytics, DataDriven Decision Making (DIDM), DataDriven Insights, Emotional Regulation, Empathy, Employee Experience, Employee Life Cycle, Executive Negotiation, Human Capital Initiatives, Human Resources (HR) Coaching, Human Resources (HR) Metrics, Human Resources (HR) Policies, Human Resources (HR) Service Delivery, Human Resources (HR) Technology Roadmap, Human Resources (HR) Technology Solution Architecture, Human Resources (HR) Transformation {+ 22 more}
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PwC Service Delivery Center

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