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Senior Manager - UK & Europe Compensation and Benefits

Senior Manager - UK & Europe Compensation and Benefits

EXL

7 - 12 years

15 - 25 Lacs

noida

Posted:18 hours ago| Platform:

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Skills Required

benefits hr generalist activities c hiring hris hro benchmarking administration bonus policies pay benefits management hrsd training human resource management hr operations benefits administration employee engagement recruitment compensation rewards

Work Mode

Work from Office

Job Type

Full Time

Job Description

EXL is the indispensable partner for leading businesses in data-led industries such as insurance, banking and financial services, healthcare, retail and logistics. We bring a unique combination of data, advanced analytics, digital technology and industry expertise to help our clients turn data into insights, streamline operations, improve customer experience, and transform their business. Our partnerships with clients are built on a foundation of collaboration – and we’ve been chosen as a partner by nine of the top ten leading US insurance companies, nine of the top 20 global banks, and six of the top ten US health care payers. We function as one team to make your goals our goals, whether that’s unlocking the value of generative AI or embedding analytics into workflows that reduce risk or power your growth. Our geographic diversity make talent all over the world instantly accessible. Digital accelerators enable unmatched speed-to-value, letting you realize results fast. It’s our people that truly set us apart, though, including the 1,500 data scientists we have dedicated to our generative AI practice.

Responsible for designing and implementing all aspects of the employee rewards programs for UK/Europe, including compensation, benefits and short -term incentives. The incumbent will also, in partnership with the Global Rewards team, lead, review and design to ensure that the C&B practices of the organization are internally equitable, market competitive and aligned with the company's performance and affordability.

The role will have a deep understanding of external best-practices and reward strategies combined with a track record of conceptualizing successful strategies, developing and leading action plans, and the ability to execute and operationalize in a scalable way to amplify Business productivity and sustain a high performing culture that attracts, motivates and retains talent.

Work with Corporate Rewards Team on
Benchmarking of salary/benefits data
and participation in regular/industry/forum level surveys. Analyze and share reports/insights to Leadership/Top Management.

Monitor, evaluate and design
Hiring Ranges
with Recruitment, HRBP and Business.

Will work closely with HR leaders and C&B on
promotions, market corrections, Geo mobility,
other case etc. on the compensation related recommendations.

Design, monitor and manage the Benefits
. Lead strategy and design to deliver quality benet programs to remain competitive and cost-eective In partnership with our brokers, participate in negotiation of agreements with insurance carriers and nancial institutions for administration of benets programs

Calibrate with Corporate Rewards Team on
annual processes like Merit Increase
, Bonus and Equity Grants. Evaluate effectiveness of STI (Bonus, P4P, sales Commission)/LTI (Equity) plans.

Track and work on DEI, Pay Equity and Gender Pay analysis with the corporate Team.

Liaise with Compliance/Legal team and ensure compliance with regulations and company policies in compensation decisions.

Design, upkeep and update C&B policies. Ensure effective and timely communications to employees.

Partner with Global Rewards team to develop monthly/quarterly dashboards and analysis.

Work closely with Corporate Rewards and finance team on Budgeting and Pricing of jobs.

Manage the data processes required by internal and external sources, including resolving data errors and partnering with HR shared services as needed.

Prepare reports and analysis of compensation data. Partner with HR Business Partners and Management to review findings and recommendations

Partner with other HR team members/leaders and functional areas to investigate and resolve escalated employee issues (Compensation matters).

Collaborate with HRIS/HRSS/DHRO to maintain systems related to compensation and benefits administration.

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Business Process Management / Analytics

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Senior Manager - UK & Europe Compensation and Benefits