Total Rewards Program Manager

7 - 8 years

7 - 8 Lacs

Posted:2 days ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

  • Conduct market research and analysis to determine competitive compensation and benefits packages.
  • Provide detailed information and collateral to our HR Operations team to enable the team to answer employee compensation and benefit questions.
  • Point of contact for assigned countries and provide HR and leadership with timely professional advice and guidance.
  • Develop effective relationships with external vendors/consultants and manage timely and cost-effective delivery of solutions and programs.
  • Partner with the Global Total Rewards team to identify appropriate surveys to ensure the best available survey library. Validate approach to global and local market matching in global database.
  • Initiate and complete specialized analysis on market and internal practices, strategies, and metrics
  • Collaborate with the Global Total Rewards team on researching, evaluating, and understanding the impact of market and economic trends and recommend adjustments to salary ranges, hiring rates, geographic differentials, salary increase budgets and individual rates, as requested.

Program Development and Implementation:

  • Assist in the design, development, and implementation of total rewards programs, including compensation structures, benefits plans, and incentive programs.

Data Management and Reporting:

  • Maintain and analyze data related to compensation and benefits, generating reports and insights to inform decision-making.

Compliance and Legal:

  • Ensure compliance with relevant laws and regulations related to compensation and benefits in various global locations.

Communication and Training:

  • Communicate total rewards programs and policies to employees, HR business partners, and management providing guidance and training as needed.
  • Proactively drive line manager, HRBP and HR Solutions education for TR topics.

Project Management:

  • May serve as project manager on specified initiatives related to total rewards.

Vendor Management:

  • Manage relationships with vendors providing compensation and benefits services.

Budgeting and Forecasting:

  • Contribute to the development and management of the total rewards budget.

Skills and Qualifications:

Education:

  • Bachelors degree in Human Resources, Business Administration, Finance, or a related field.

Experience:

  • 7+ years demonstrated global compensation and benefits analysis, design, and administration experience required; experience in emerging markets preferred.
  • Fluent in English, proficiency in other languages considered a plus.

Analytical Skills:

  • Strong analytical skills with the ability to interpret data and draw meaningful insights and develop focused recommendations for HR and Functional leadership.

Communication Skills:

  • Excellent communication and presentations skills, comfortable working with diverse cultures and different management levels, ability to quickly build relationships. Proven ability to effectively communicate complex information to various stakeholders.

Software Proficiency:

  • Expertise in Excel and analytical tools.

Knowledge of Compensation and Benefits:

  • Thorough understanding of compensation and benefits principles, practices, and regulations. Expertise in India in Total Rewards is essential and knowledge of EMEA is strongly desired.

Project Management Skills:

  • Ability to manage projects effectively, including planning, execution, and monitoring.

Problem-Solving Skills:

  • Ability to identify and resolve issues related to compensation and benefits.

Cross-Functional Collaboration:

  • Ability to work effectively with cross-functional teams.
  • Collaborative team player with strong influencing skills

Role:

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