Deputy Manager Total Rewards ( C&B , Benchmarking )

Experience 2-5 years

Role Summary

The role holder shall be responsible for

-Total Rewards (TR) Design & Delivery with cutting across Cash, Variable (STI, LTI & ESOPs), Benefits and TR-linked HR Policies.

-Rewards Analytics, C&B Benchmarking and Annual Rewards Reviews (ARR) .

-Actively participate and contribute to projects related Compensation Harmonization, HR Budgeting & Cost Analytics.

Role Responsibilities

Total Rewards (Responsible for Compensation, Benefits, Policies & Incentives)

-Be the specialist on C&B matters, HR Policies, Incentives (short & long), Recognition & Benefit programs to meet the business & talent needs.

-Develop, implement, administer & maintain benefits programs, policies, and procedures.

-Ensure programs meet employee needs, comply with legal requirements and are cost effective.

-Management of Benefits Service Providers like Insurance Brokers, Car / Asset Leasing Companies, Financial Services, etc.

-Partnering effectively with multiple functions like Sales, Supply Chain & finance on design & implementation of incentives programs.

Total Rewards (Benchmarking)

-External Benchmarking: Analyse current rewards programs to ensure they align with our business strategy, market competitiveness and cost-effectiveness of our compensation and benefit plans to ensure that our rewards programs optimize our ability to attract top talent.

-Maintain current knowledge of related government rules and regulations & fulfils compliance and reporting requirements.

-Utilize experience/understanding in responding to compensation & benefits trends and market data points, while tying them to corporate objectives and ensuring legal compliance and sound governance.

-Recommend revisions or new plans that are cost effective and consistent with the compensation strategy and philosophy.

-Coordinate & facilitate implementation, communication of strategy and programs and maintenance of compensation & benefits plans and policies with/to all levels of the company.

Total Reward Analytics

-Conduct analysis of compensation and benefits programs to evaluate internal equity, external market competitiveness, and legal compliance of the organization's corporate compensation and benefits structure and practices.

-People Cost budgeting and effectiveness & efficiency analytics.

-Collect & study information related to people & HR related costs that affect the organization. Use HRIS/HRMS to store, manage and analyze data more efficiently and accurately.

Skills, Knowledge & Competencies Functional Competencies

• MBA in Human Resources from a Tier I/II B-school.

• Certification in Rewards will be an added advantage.

• 2+ years of experience in Compensation & Benefits.

• Knowledge of / Experience in design & implementation of Sales Incentives, Productivity Measures, Insurance Benefits.

• High on Numerical Ability.

• Advanced Data Analytics & MS-Excel Skills.

• Knowledge of statistical measures.

• Knowledge of equity plans, rewards benchmarking, HR Systems will be added advantage. Best suited for someone who

• Can apply creative and innovative thinking to complex challenges.

• Likes to program manage new initiatives.

• Likes to conceptualize and play a consultative role.

• Likes to look out for best practices, new models and frameworks. Personality Traits

• Confident and Assertive.

• Curious – excited to keep learning.

• Tenacious with a capacity to persevere.

• Pleasing personality.

• • Excellent written and spoken communication skill. Reporting Relationships