Head- Total Rewards

The Incumbent will be responsible for-

Job purpose-

To formulate compensation and total rewards philosophy at group level and ensure manpower cost optimization and talent attraction and retention

Role Accountabilities-

1. Total Rewards Strategy-

• 1.Design and implement short term and long term total rewards strategy across the group, ensuring uniformity in C&B structure and program
• 2.Design and drive implementation of job evaluation framework and review defined salary ranges to ensure manpower cost optimization across businesses
• 3.Conduct compensation benchmarking for different businesses in the group and recommend changes in the existing compensation policies
• 4.Explore opportunities in the areas of digital HR and Data Analytics for overall improvements in the relevant processes

2.Compensation and Benefits Policies Execution-

1.Develop, update and review HR policies on Employee Welfare, Referral, health and Wellness, and high potential talent retention strategy; explore, establish and manage shared services or out-sourcing opportunities for payroll management

• 2.Prepare proposals for annual increments
• 3.Develop and review policies on compensation for expats and Indian employees deployed on overseas assignments
• 4.Liaise with Business HR SPOCs, business heads and functional heads for drafting annual manpower budgets and cost projections according to business plans
• 5.Work closely with talent and performance management team to define the Rewards and Recognition strategy and policies
• 6.Monitor compliance to legal obligation in the compensation and rewards domain related to Applicable Tax and Labor Laws

3. Stakeholder Management-

• 1.Liaise with internal stakeholder to plan for manpower demands cost projects and implementation of total rewards policies
• 2.Coordinate with talent and performance management head while formulating talent strategy and policies
• 3.Coordinate with relevant external stakeholders (external consultants/out sourcing vendors/ legal authorities etc.) and maintain amicable relations with them

Skills and capabilities required-

Strategic Thinking

• Business Acumen
• Employee Focus
• Technical HR Knowledge: Total Rewards, legal compliance
• Digital Awareness and Analytics
• Decision making
• Teamwork and Leadership
• Communication and Interpersonal Skills