Manager - Reward & Analytics

2 weeks ago

Gurugram, India Embark Pace Full time

Job Description:

We are seeking a dynamic and experienced Manager of Rewards and Analytics to lead our organization's rewards strategy and data analytics initiatives. The ideal candidate will possess a blend of strategic thinking, analytical skills, and a deep understanding of compensation and rewards frameworks. They will play a crucial role in shaping our company's approach to employee compensation, benefits, and recognition programs while leveraging data-driven insights to inform decision-making Develop and Implement Rewards Strategy: Design and implement comprehensive rewards strategies aligned with organizational goals, ensuring competitiveness, fairness, and effectiveness in attracting, retaining, and motivating talent.

- Compensation Analysis: Conduct regular analysis of compensation structures and benchmarks to ensure alignment with industry standards and internal equity. Provide recommendations for adjustments as needed.

- Benefits Administration: Oversee the administration of employee benefits programs, including health insurance, retirement plans, and other perks. Evaluate the effectiveness of current benefits offerings and propose enhancements or changes as necessary.

- Performance Metrics and Analytics: Establish key performance metrics related to employee rewards and analyze relevant data to assess the impact of compensation and benefits programs. Utilize analytics to identify trends, opportunities, and areas for improvement.

- Budget Management: Manage the budget for rewards and analytics initiatives, ensuring efficient allocation of resources and adherence to financial targets.

- Collaboration and Communication: Collaborate with HR leadership, department heads, and other stakeholders to understand business needs and develop tailored rewards solutions. Communicate effectively with employees about compensation and benefits programs, addressing inquiries and providing guidance as needed.

- Compliance and Risk Management: Stay updated on relevant laws, regulations, and best practices related to compensation and benefits. Ensure compliance with legal requirements and mitigate risks associated with reward programs.

- Team Leadership: Lead and mentor a team of rewards specialists and analysts, providing guidance, support, and professional development Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. Master's degree preferred.

- Proven experience (X years) in compensation and rewards management, with a focus on strategy development, analytics, and implementation.

- Strong analytical skills with proficiency in data analysis tools and techniques. Experience with HRIS and compensation management systems preferred.

- In-depth knowledge of compensation principles, including market pricing, salary structures, and incentive plans.

- Excellent communication and interpersonal skills, with the ability to collaborate effectively across all levels of the organization.

- Strategic mindset with the ability to think critically and make data-driven decisions.

- Demonstrated leadership capabilities, including experience in leading and developing teams.

- Familiarity with relevant laws, regulations, and compliance requirements in compensation and benefits.

(ref:iimjobs.com)

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