Compensation Manager

2 weeks ago

uttar pradesh, India EXL Full time

Responsible for designing and implementing all aspects of the employee rewards programs for UK/Europe, including compensation, benefits and short -term incentives. The incumbent will also, in partnership with the Global Rewards team, lead, review and design to ensure that the C&B practices of the organization are internally equitable, market competitive and aligned with the company's performance and affordability.The role will have a deep understanding of external best-practices and reward strategies combined with a track record of conceptualizing successful strategies, developing and leading action plans, and the ability to execute and operationalize in a scalable way to amplify Business productivity and sustain a high performing culture that attracts, motivates and retains talent.Work with Corporate Rewards Team on Benchmarking of salary/benefits data and participation in regular/industry/forum level surveys. Analyze and share reports/insights to Leadership/Top Management.Monitor, evaluate and design Hiring Ranges with Recruitment, HRBP and Business.Will work closely with HR leaders and C&B on promotions, market corrections, Geo mobility, other case etc. on the compensation related recommendations.Design, monitor and manage the Benefits. Lead strategy and design to deliver quality benefit programs to remain competitive and cost-effective In partnership with our brokers, participate in negotiation of agreements with insurance carriers and financial institutions for administration of benefits programsCalibrate with Corporate Rewards Team on annual processes like Merit Increase, Bonus and Equity Grants. Evaluate effectiveness of STI (Bonus, P4P, sales Commission)/LTI (Equity) plans.Track and work on DEI, Pay Equity and Gender Pay analysis with the corporate Team.Liaise with Compliance/Legal team and ensure compliance with regulations and company policies in compensation decisions.Design, upkeep and update C&B policies. Ensure effective and timely communications to employees.Partner with Global Rewards team to develop monthly/quarterly dashboards and analysis.Work closely with Corporate Rewards and finance team on Budgeting and Pricing of jobs.Manage the data processes required by internal and external sources, including resolving data errors and partnering with HR shared services as needed.Prepare reports and analysis of compensation data. Partner with HR Business Partners and Management to review findings and recommendationsPartner with other HR team members/leaders and functional areas to investigate and resolve escalated employee issues (Compensation matters).Collaborate with HRIS/HRSS/DHRO to maintain systems related to compensation and benefits administration.

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