Director - Total Rewards

12 - 15 years

30 - 35 Lacs

Posted:None| Platform: Naukri logo

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Job Type

Full Time

Job Description

Strategic Total Rewards Leadership & Annual Operating Plan(People): Develop, own, and continually evolve the overarching Total Rewards philosophy and strategy,ensuring alignment with the company's business objectives, talent strategy, and financialparameters. Lead the development, management, and strategic review of the People Annual Operating Plan(AOP) for the entire organization, partnering closely with CXOs, the FP&A leader, and other seniorstakeholders to ensure strategic alignment and execution.

Drive the governance and strategic initiatives with Business and HR leaders to ensure theachievement of people-related targets outlined in the AOP.Compensation Strategy & Management: Design, implement, and administer competitive compensation structures (base pay, variable pay,equity programs), pay ranges, and incentive plans that attract and retain top talent.

Direct comprehensive external benchmarking strategies, engaging with leading compensationvendors and participating in market surveys to gather insights. Analyze complex market data,identify trends, and provide strategic recommendations for compensation adjustments anddesign improvements. Lead the review and refinement of existing pay ranges, working with HR and Business leaders toensure internal equity and external competitiveness.


Benefits & Wellness Programs: Strategically own and continuously enhance the complete policies and benefits charter, focusingon health, mental, financial and social wellness and other perquisites. Lead the identification, assessment, negotiation, and onboarding of strategic vendors for all newand existing benefit programs,policies, ensuring cost-effectiveness & high-quality service delivery.
Drive continuous improvement in the administration and design of policies and benefits programs,incorporating feedback from employees, HR partners, and market trends.Policy, Governance & Compliance: Establish and maintain robust governance frameworks for all Total Rewards programs, ensuringcompliance with relevant labor laws, regulations, and internal policies. Oversee the effective communication and implementation of all Total Rewards policies across theorganization.

Communication & Employer Branding: Build and drive the strategy for total rewards branding and communication, both internally toenhance employee understanding and appreciation of their overall compensation and benefits,and externally to bolster our employer brand in the industry. Develop compelling communication and story boarding on total rewards and conduct educationalsessions to maximize the perceived value for the employees and the impact.
Team Leadership & Development: Build, lead, mentor, and develop a high-performing Total Rewards team, fostering a culture ofcontinuous learning, innovation, and service excellence. Manage the Total Rewards budget effectively, ensuring optimal allocation of resources.
Analytics & Insights: Leverage data and analytics to provide insights on total rewards effectiveness, cost, andcompetitiveness, informing strategic decision-making.As HRBP for HR Function Act as a trusted advisor and HR partner for the HR leadership team and broader HR function. Support HR team capability building, org design, talent reviews, and succession planning for theHR function. Drive engagement, development, and retention initiatives tailored for HR professionals. Provide counsel on performance, career progression, and organizational effectiveness for the HRfunction.


Experience

:
12-15 years of progressive experience in Compensation & Benefits / Total Rewards, including 3-5years in a leadership capacity.Proven success designing and delivering compensation, benefits, and wellness programs infast-paced or growth environments (technology/e-commerce preferred). Expertise in benchmarking, pay structure design (base, variable, equity), benefits administration. Strong business acumen with experience partnering with CXOs and Finance on workforceplanning and budgeting. Outstanding analytical, communication, and influencing skills.
High integrity, discretion, andsound judgment.

Skills:

Deep expertise in Total Rewards principles, practices, and current trends. Exceptional analytical, financial modeling, and problem-solving skills, with the ability to translatecomplex data into actionable insights and strategic recommendations.
Strong business acumen and ability to understand organizational drivers and challenges. Excellent leadership, communication, and interpersonal skills, with the ability to influence andcollaborate effectively at all levels of the organization. Proven ability to manage multiple priorities in a dynamic environment. High degree of integrity, confidentiality, and sound judgment.

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Myntra

E-commerce, Fashion Retail

Mumbai

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