Total Rewards Manager

2 weeks ago

Hyderabad, India KEKA TECHNOLOGIES Full time

Job Description Key Responsibilities: Rewards Strategy & Execution: - Lead the development and execution of a comprehensive total rewards strategy that aligns with organizational goals and values. - Oversee the design and administration of competitive compensation packages, ensuring they attract, motivate, and retain top talent. - Manage and rationalize the variable pay, performance-linked pay, and bonus programs to ensure consistency and equity across the organization. - Collaborate with senior leadership to design incentive programs that drive high performance and employee engagement. - Conduct market analysis and benchmarking to ensure the organization remains competitive within its industry. - Regularly audit and review compensation and benefits programs to maintain accuracy, compliance, and effectiveness. BenefitsManagement: - Oversee employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other voluntary benefits. - Ensure that benefits programs are aligned with employee needs while being cost-effective and compliant with all applicable regulations. - Continuously assess and refine the benefits offering to remain attractive to current and prospective employees. Performance Management: - Partner with key stakeholders to refine and execute the organizations performance management framework. - Provide guidance and oversight on the performance-linked pay process to ensure it rewards the right behaviours and outcomes. - Ensure that performance management tools and processes are consistently applied across the organization to promote fairness and transparency. Compliance & Governance: - Ensure the organization is compliant with federal, state, and local regulations. - Develop governance frameworks and policies to standardize rewards and performance management processes. - Stay current on industry trends, legal updates, and best practices to inform decision-making and recommendations. Collaboration & Leadership: - Collaborate with the HR team and business leaders to ensure alignment between rewards and performance initiatives and broader business objectives. - Provide expert guidance to HR Business Partners and other team members on compensation, benefits, and performance management issues. - Act as a strategic advisor to leadership on total rewards and performance topics, helping to shape the organizations approach to talent management. Qualifications: - Bachelors degree in human resources, Business Administration, or related field. - 8-12 years of experience in HR, with a strong focus on total rewards and performance management. - Proven experience in designing and implementing compensation and benefits programs, with an emphasis on consistency and equity. - Strong analytical skills with experience in market benchmarking and data-driven decision-making. - Familiarity with HRIS systems and compensation software. - Excellent interpersonal and communication skills to work effectively across functions and levels.

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