Head - Total Rewards - Financial Services

Client: A leading financial services organization.
Role: Head - Total Rewards
Location: Chennai
Experience: 10 - 15 Years
Education: Post graduate degree from premier institutions or equivalent
Role Overview:
The Head - Total Rewards will lead the organization's Total rewards strategy across a large and diverse employee population. The role requires a strategic and execution - focused leader with strong expertise in enterprise total rewards, variable pay structures, sales incentive programs, rewards governance, and large - scale Total rewards operations.
The incumbent should have prior experience managing Total rewards frameworks for organizations with massive employee strength across multiple functions and workforce segments.
Key Responsibilities:
Total Rewards Strategy & Design:
- Design and drive enterprise - wide towards rewards strategy aligned to business objectives.
- Develop scalable total rewards frameworks across multiple employee categories including:
1. Sales
2. Technology
3. Operations
4. Marketing
5. Corporate Functions
6. Field Force
- Lead annual review cycles, salary benchmarking, and market competitiveness initiatives.
- Design and optimize variable pay and incentive structures across business functions.
- Develop sales incentive plans for large distributed sales teams.
Rewards Governance:
- Establish robust governance frameworks for Total rewards planning and rewards administration.
- Ensure consistency, fairness, and compliance across Total rewards practices.
- Partner with leadership teams on executive Total rewards and critical talent retention initiatives.
- Drive job evaluation, grading structures, broadbanding, and job architecture initiatives.

Analytics & Transformation:
- Leverage HR analytics and Total rewards data insights to support strategic decision - making.
- Drive digitization and automation initiatives within the Total Rewards function.
- Continuously evaluate market trends and emerging Total rewards practices.
Stakeholder Management:
- Partner closely with Business Heads, HR Leadership, Finance, and senior leadership teams.
- Act as a trusted advisor on Total rewards strategy, rewards optimization, and talent competitiveness.
Candidate Profile:
Mandatory Experience:
- 10 - 15 years of HR experience with significant exposure to Total rewards & Benefits.
- Must have managed Total rewards for large organizations with workforce scale of 30,000+ employees across Tier 1 and Tier 2 cities.
- Strong experience in enterprise Total rewards design across diverse workforce categories.
- Proven expertise in variable pay and sales incentive design.
- Experience handling Total rewards structures ranging from junior workforce levels to senior leadership pay structures.
- Strong exposure to large - scale annual Total rewards planning and governance.