Specialist - Total Rewards - BFSI
22 hours ago
Total Rewards Specialist
Job Description:
- Certification in Rewards will be an added advantage.
- 2+ years of experience in Compensation & Benefits.
- Knowledge of/Experience in design & implementation of Sales Incentives, Productivity Measures, Insurance Benefits.
- High on Numerical Ability.
- Advanced Data Analytics & MS-Excel Skills.
- Knowledge of statistical measures.
- Knowledge of equity plans, rewards benchmarking, HR Systems will be added advantage.
- Total Rewards (Responsible for Compensation, Benefits, Policies & Incentives).
- Be the specialist on C&B matters, HR Policies, Incentives (short & long), Recognition & Benefit programs to meet the business & talent needs.
- Develop, implement, administer & maintain benefits programs, policies, and procedures.
- Ensure programs meet employee needs, comply with legal requirements and are cost effective.
- Management of Benefits Service Providers like Insurance Brokers, Car/Asset Leasing Companies, Financial Services, etc.
- Partnering effectively with multiple functions like Sales, Supply Chain & finance on design & implementation of incentives programs.
Total Rewards (Benchmarking):
- External Benchmarking : Analyze current rewards programs to ensure they align with our business strategy, market competitiveness and cost-effectiveness of our compensation and benefit plans to ensure that our rewards programs optimize our ability to attract top talent.
- Maintain current knowledge of related government rules and regulations & fulfils compliance and reporting requirements.
- Utilize experience/understanding in responding to compensation & benefits trends and market data points, while tying them to corporate objectives and ensuring legal compliance and sound governance.
- Recommend revisions or new plans that are cost effective and consistent with the compensation strategy and philosophy.
- Coordinate & facilitate implementation, communication of strategy and programs and maintenance of compensation & benefits plans and policies with/to all levels of the company.
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