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Total Rewards Manager

8 - 13 years

1 - 2 Lacs

Posted:11 hours ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities:

Rewards Strategy & Execution:

  • Lead the development and execution of a comprehensive total rewards strategy that aligns with organizational goals and values.
  • Oversee the design and administration of competitive compensation packages, ensuring they attract, motivate, and retain top talent.
  • Manage and rationalize the variable pay, performance-linked pay, and bonus programs to ensure consistency and equity across the organization.
  • Collaborate with senior leadership to design incentive programs that drive high performance and employee engagement.
  • Conduct market analysis and benchmarking to ensure the organization remains competitive within its industry.
  • Regularly audit and review compensation and benefits programs to maintain accuracy, compliance, and effectiveness.

BenefitsManagement:

  • Oversee employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other voluntary benefits.
  • Ensure that benefits programs are aligned with employee needs while being cost-effective and compliant with all applicable regulations.
  • Continuously assess and refine the benefits offering to remain attractive to current and prospective employees.

Performance Management:

  • Partner with key stakeholders to refine and execute the organizations performance management framework.
  • Provide guidance and oversight on the performance-linked pay process to ensure it rewards the right behaviours and outcomes.
  • Ensure that performance management tools and processes are consistently applied across the organization to promote fairness and transparency.

Compliance & Governance:

  • Ensure the organization is compliant with federal, state, and local regulations.
  • Develop governance frameworks and policies to standardize rewards and performance management processes.
  • Stay current on industry trends, legal updates, and best practices to inform decision-making and recommendations.

Collaboration & Leadership:

  • Collaborate with the HR team and business leaders to ensure alignment between rewards and performance initiatives and broader business objectives.
  • Provide expert guidance to HR Business Partners and other team members on compensation, benefits, and performance management issues.
  • Act as a strategic advisor to leadership on total rewards and performance topics, helping to shape the organizations approach to talent management.

Qualifications

  • Bachelors degree in human resources, Business Administration, or related field.
  • 8-12 years of experience in HR, with a strong focus on total rewards and performance management.
  • Proven experience in designing and implementing compensation and benefits programs, with an emphasis on consistency and equity.
  • Strong analytical skills with experience in market benchmarking and data-driven decision-making.
  • Familiarity with HRIS systems and compensation software.
  • Excellent interpersonal and communication skills to work effectively across functions and levels.

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