Lead Total Rewards

3 weeks ago

Mumbai, India Piramal Finance Full time

Key Role & Responsibilities:


Lead – Total Rewards

  • Lead the design, development, and execution of compensation, benefits, and performance Management strategy, encompassing role evaluation, job architecture, performance management, and pay structures.
  • Build and implement reward solutions across Piramal's financial services businesses, including short- and long-term incentive plans (STI/LTI), fixed/variable pay structures, market benchmarking, and compensation analytics.
  • Ensure robust benchmarking and competitiveness of compensation structures by partnering with external consultants for surveys, market assessments, and compensation advisory.
  • Manage the end-to-end LTI / ESOP process, including program design, execution, and resolution of internal queries.
  • Manage the performance management process ensuring process standardization, and adherence to timelines for critical sub-processes such as goal-setting, mid year & end year reviews.
  • Develop and maintain competency models and oversee role analysis, evaluation, and job levelling for new positions, promotions, and organizational changes.
  • Oversee the design, governance, and administration of benefits programs, including health insurance, retirement plans, and wellness initiatives, ensuring competitiveness and employee well-being.


Qualification: MBA HR


Experience: 10+ years of experience managing Total Rewards


Skills & Competencies:

  • Experience in job analysis/evaluation, market pricing, C&B policies, year end annual review cycle
  • Exposure to managing senior level compensation, LTI plans, understanding of stock option plans.
  • Exposure to comp interventions like retention, guarantees, buy back
  • Ability to engage with senior stakeholders, CXOs

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