Lead - Total Rewards & Policies

2 days ago

Mumbai India Michael Page Full time

Job Description - Opportunity to lead the total rewards strategy - Strategic role Job Description Key ResponsibilitiesCompensation & Rewards Strategy - Design and implement a comprehensive total rewards strategy aligned with business objectives and market competitiveness. - Conduct compensation benchmarking and participate in salary surveys to maintain internal equity and external parity. - Lead annual compensation planning, including merit cycles, pay structures, and incentive programs. - Develop and oversee short-term and long-term incentive plans, ensuring linkage to performance outcomes and organizational goals. Job Evaluation & Grading - Establish and maintain a job evaluation and grading framework to ensure consistency, transparency, and fairness in role alignment. - Conduct role reviews and internal audits to maintain alignment between job responsibilities and compensation levels. Benefits & Employee Well-being - Oversee the design and administration of employee benefits programs, including insurance, wellness, and retirement benefits. - Evaluate and recommend enhancements to improve employee engagement and retention. - Bring In-depth understanding of benefits administration, including statutory and voluntary benefits. HR Policy Design & Governance - Lead the formulation, review, and governance of HR policies and procedures, ensuring alignment with local legislation and global HR frameworks. - Ensure full compliance with labour laws, tax regulations, and compensation disclosure requirements. - Act as the custodian of HR policy communication, version control, and audit readiness. HR Analytics & Reporting - Drive the use of data and analytics to provide insights on pay equity, workforce cost trends, and reward effectiveness. - Prepare reports and dashboards for management reviews and board submissions. The Successful Applicant Skills, Education & Experience - Postgraduate degree in Human Resources, Business Administration or a related discipline. - Over 10-12 years of total HR experience with at least 7-10 years specializing in Total Rewards, Compensation & Benefits, and HR Policy. - Proven experience in designing and implementing global or large-scale compensation frameworks. - Strong exposure to benchmarking, job evaluation methodologies (e.g., Mercer, Hay, Willis Towers Watson). - Experience in policy design and governance, particularly in complex or matrixed organizations. - Knowledge of HR systems (Workday, SAP SuccessFactors, Oracle HCM) and reporting tools. - Strong understanding of global mobility frameworks, equity programs, and executive compensation. - Strong business acumen and the ability to partner with CXOs and business heads on compensation decisions. - Skilled in change management, with a track record of driving compensation and policy transformations. - Experience managing rewards communication and stakeholder engagement across diverse employee groups. What's on Offer - Competitive salary package. - Opportunities to work in a leading organization. - Professional development and career growth prospects. - Comprehensive benefits to support personal and professional well-being. If you are ready to take the next step in your career, apply now.

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