Head - Total Rewards - FMCG/Retail - IIM/XLRI/TISS/NMIMS (8-12 yrs)

3 weeks ago


BangaloreMumbai, India iimjobs Full time

Qualifications :
MBA from Premier B-Schools

Experience years

Key Responsibilities :

  • Develop and implement a comprehensive compensation strategy aligned with business goals.
  • Conduct regular market analyses to ensure the competitiveness of the company's pay structure.
  • Oversee the design and administration of employee benefits programs, including health insurance, retirement plans, and other perks.
  • Ensure compliance with relevant laws and regulations regarding benefits.
  • Collaborate with HR and business leaders to design and implement effective performance management programs.
  • Integrate performance metrics into the overall total rewards strategy.
  • Establish and maintain a job evaluation system to ensure internal equity.
  • Grade jobs based on responsibilities, skills, and market benchmarks.
  • Design and manage incentive and bonus programs to drive performance and reward top talent.
  • Monitor the effectiveness of incentive programs and recommend adjustments as needed.
  • Develop and oversee employee recognition programs to foster a positive and motivating work environment.
  • Implement programs that acknowledge and reward outstanding performance.
  • Implement initiatives that support employee wellbeing, such as wellness programs and worklife balance initiatives.
  • Ensure compliance with all relevant laws and regulations related to compensation and benefits.
  • Prepare and present reports on compensation trends, costs, and other relevant metrics.

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