Rewards Analyst

Company DescriptionDr Reddy s Laboratories Ltd is a leading multinational pharmaceutical company based across global locations Each of our 24 000 plus employees comes to work every day for one collective purpose to accelerate access to affordable and innovative medicines because Good Health Can t Wait We started in 1984 with a modest investment 20 employees and a bold vision Today we have research and development centres manufacturing facilities or a commercial presence in 66 countries For nearly four decades we have stood for access affordability and innovation based on the bedrock of deep science progressive people practices and robust corporate governance As the pharmaceutical industry evolves and undergoes disruption we see an opportunity - to strengthen our core further the next steps and to build the future the new bets The Next and the New is how we aim to continue to be the partner of choice - purpose-driven future-ready and sustainable Our aim is to reach over 1 5 Bn patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy Sustainability for us means operating in a manner that respects people planet and purpose - helping us conserve precious resources serve our patients create value for stakeholders give back to society fulfil our potential and maintain our integrity and transparencyDr Reddy s maintains a work environment free from discrimination and is an equal opportunity employer We are committed to employ nurture all qualified diverse workforce without regard to race colour religion nationality sex age disability status genetics sexual orientation gender expression citizenship or any other characteristic or classification protected by applicable law s of the country we operate in We treasure every talent and recognize merit and diversity in our organization Job Summary We are seeking an experienced and dynamic Rewards Specialist to join the Global Rewards CoE for managing projects related to compensation benefits and job design across the organization Roles Responsibilities Lead and manage total rewards projects from initiation to completion ensuring alignment with organizational objectives and timelines Collaborate with cross-functional teams to define project scope objectives and deliverables Develop project plans including timelines resource allocation and risk management strategies Coordinate with HR Business Partners and other stakeholders to gather requirements and provide updates on project progress Conduct research and analysis to support project decision-making including benchmarking studies and market analysis Participate in job evaluation and salary benchmarking exercises to ensure internal equity and market competitiveness Assist in the development of total rewards communication materials for employees Provide analytical support for ad-hoc compensation and benefits projects as needed QualificationsEducational Qualification- Post Graduation in Management MBA in Human Resource from a premier instituteMinimum work Experience- 2-5 years of experience on in compensation with an in-depth knowledge of core compensation terminology and best practices Skills attributes - Extremely strong analytical and quantitative skills and a voracious appetite for problem solving Ability to work independently take on responsibility and be quick of foot in a fast-paced change-oriented environment Ability to question the status-quo Execution focus willing to get their hands dirty amidst lack of systems and processes Highly detailed driven with emphasis on accuracy coupled with the ability to see the broader picture Enjoys freedom with a great sense of responsibility Ability to work effectively with all levels of employees within the organization Additional InformationAbout the Department Human Resources The Human Resources department at Dr Reddy s Laboratories is the organizational heartbeat dedicated to fostering a positive and inclusive work environment for their 24 000 employees As a well-executed Human Resources HR team we foster a positive and productive workplace Effective HR practices are involved in recruiting and retaining top talent providing comprehensive employee development programs and ensuring fair and transparent policies The robust HR department at Dr Reddys is cultivating a culture of open communication employee engagement and diversity and inclusion Moreover it plays a crucial role in conflict resolution fostering a healthy work environment and aligns organizational goals with the well-being and professional growth of its employees contributing significantly to overall company success Benefits Offered At Dr Reddy s we actively help to catalyse your career growth and professional development through personalised learning programs The benefits you will enjoy at Dr Reddy s are on par with the best industry standards They include among other things and other essential equipment joining relocation support family support Maternity Paternity benefits learning and development opportunities medical coverage for yourself and your family life coverage for yourself Our Work Culture Ask any employee at Dr Reddy s why they come to work every day and they ll say because Good Health Can t Wait This is our credo as well as the guiding principle behind all our actions We see healthcare solutions not only as scientific formulations but as a means to help patients lead healthier lives and we re always attuned to the new and the next to empower people to stay fit And to do this we foster a culture of empathy and dynamism People are at the core of our journey over the last few decades They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success We believe that when people with diverse skills are bound together by a common purpose and value system they can make magic For more details please visit our career website at https careers drreddys com