General Manager – BU Head of Total Rewards

Tata Electronics Private Limited (TEPL) is a greenfield venture of the Tata Group with expertise in manufacturing precision components. Tata Electronics (a wholly owned subsidiary of Tata Sons Pvt. Ltd.) is building India’s first AI-enabled state-of-the-art Semiconductor Foundry. This facility will produce chips for applications such as power management IC, display drivers, microcontrollers (MCU) and high-performance computing logic, addressing the growing demand in markets such as automotive, computing and data storage, wireless communications and artificial intelligence. Tata Electronics is a subsidiary of the Tata group. The Tata Group operates in more than 100 countries across six continents, with the mission 'To improve the quality of life of the communities we serve globally, through long term stakeholder value creation based on leadership with Trust.’

Responsibilities:

As the Business Unit Head of Rewards, your primary responsibility is to develop and implement a comprehensive rewards and compensation strategy that aligns with the BU's goals and objectives while adhering to the overall reward philosophy and strategy of the company. Cross-functional collaboration and tailoring rewards strategies to suit the specific needs of the BU would be an important attribute for this role. Your role will encompass the following duties and responsibilities:

1. Compensation and Benefits Strategy: Develop and execute a competitive compensation strategy that attracts and retains top talent while aligning with the budget and business objectives of the BU.

2. Payroll and Benefits Management: Manage Payroll administration and oversee the design, implementation, and administration of employee benefits programs, tailoring offerings to the specific needs and preferences of BU.

3. Salary Benchmarking: Conduct regular market research and analysis to ensure the salary and compensation packages within the BU remain competitive and aligned with industry standards. Stay current with industry trends and innovations in rewards and TA Team Tata Electronics Job Description Meeting Agenda compensation to continuously enhance offerings across all business units.

4. Incentive Programs: Collaborate with leaders of the BU to design and manage incentive programs, ensuring they motivate employees and align with the unique goals of each unit. Manage and administer Long Term Incentive Plans (LTIP) for the BU.

5. Compliance and Governance: Ensure that all compensation and rewards programs are compliant with relevant laws, regulations, and company policies.

6. Communication and Education: Effectively create communication strategies (with the Communication team) and provide tailored education on rewards strategies to employees, HR teams, and senior management in the BU.

7. Budget Management: Work with the leaders of the BU to manage rewards budgets, ensuring cost-effectiveness while maintaining employee satisfaction. Working on the Annual Operating plan from a compensation perspective and planning/budgeting for the same.

8. Data Analysis: Analyse data to measure the effectiveness of incentives/rewards programs/Health Insurance etc, identifying trends and making data-driven decisions.

9. Team Management: Lead and manage a team responsible for rewards and compensation administration, ensuring they are well-versed in unit-specific requirements.

10. Employee Recognition: Work with the Talent management team to customize employee recognition programs to acknowledge and appreciate the contributions and achievements of employees.

11. Oversee the implementation of blue-collar compensation in the BU

Qualifications:

Bachelor's Degree