Compensation Manager

2 days 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 programs
  • Calibrate 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 recommendations
  • Partner 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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