General Manager BU Head of Total Rewards

You will be responsible for developing and implementing a comprehensive rewards and compensation strategy that aligns with the Business Unit's goals and objectives while adhering to the overall reward philosophy and strategy of the company. It is crucial to collaborate cross-functionally and tailor rewards strategies to suit the specific needs of the BU. Your key duties and responsibilities will include: Compensation and Benefits Strategy: Develop and execute a competitive compensation strategy to attract and retain top talent while aligning with the budget and business objectives of the BU. Salary Benchmarking: Conduct regular market research and analysis to ensure that the salary and compensation packages within the BU remain competitive and aligned with industry standards. Stay updated with industry trends and innovations in rewards and compensation to enhance offerings across all business units. Incentive Programs: Collaborate with BU leaders to design and manage incentive programs that motivate employees and align with the unique goals of each unit. Manage and administer Long Term Incentive Plans (LTIP) for the BU. Compliance and Governance: Ensure that all compensation and rewards programs comply with relevant laws, regulations, and company policies. Communication and Education: Develop effective communication strategies with the Communication team and provide tailored education on rewards strategies to employees, HR teams, and senior management in the BU. Budget Management: Work with BU leaders to manage rewards budgets effectively, ensuring cost-effectiveness while maintaining employee satisfaction. Contribute to the Annual Operating plan from a compensation perspective and plan/budget accordingly. Data Analysis: Analyze data to measure the effectiveness of incentives/rewards programs, Health Insurance, etc., identify trends, and make data-driven decisions. Team Management: Lead and manage a team responsible for rewards and compensation administration, ensuring they are well-versed in unit-specific requirements. Employee Recognition: Collaborate with the Talent management team to customize employee recognition programs that acknowledge and appreciate the contributions and achievements of employees. Oversee the implementation of blue-collar compensation in the BU. Qualifications: - Bachelor's Degree - 7+ years of experience Join us in this exciting opportunity at Tata Electronics Private Limited (TEPL) to make a significant impact in the field of rewards and compensation strategy within the organization.,