Reward Professional

24 hours ago

Bengaluru Chennai, India beBeeReward Full time ₹ 14,12,817 - ₹ 21,96,415
Reward Specialist Role

Job Overview:

The Reward Specialist is a commercial, customer-focused, proactive, and solutions-driven expert who drives and delivers reward services to the business and colleagues.

Key Responsibilities:

  1. Support the Reward Director in delivering significant Reward objectives, annual and standard remuneration processes (e.g., Salary Review and Bonus), ensuring accurate delivery within required timeframes.
  2. Continually manage the implementation and ongoing maintenance of overall organisation design, encompassing job evaluation/benchmarking and grading structures.
  3. Support the Reward Director in designing, developing, and implementing EQ's Reward plan.
  4. Ensure accurate participation in salary surveys and explore new surveys for relevant usage.
  5. Oversee the administration and policy review of India Group Medical Insurance, Life Insurance, Personal Accident Insurance, OPD (Out-patient cover), by liaising with stakeholders including our insurance brokers.
  6. Collaborate with the head of engagement to review existing benefits, ensuring delivery against the wellbeing strategy, and recommend proposals to adjust as necessary.
  7. Oversee the policy and administration of India Reward and Recognition by liaising with stakeholders, HR team.
  8. Prepare the annual Gender Pay Report.
  9. Listen to colleagues, understanding the impact of the reward plan, and ensure fair treatment and clear communication throughout all reward processes.
  10. Leverage technology to simplify processes, allowing the team to operate more efficiently (e.g., through Workday).
  11. Deliver knowledge on market and competitor remuneration, advising accordingly.
  12. Lead planning and implementation of Reward programmes and projects.
  13. Maximise compensation tool application to support business initiatives/compensation strategies.
  14. Escalation point for compensation and benefit-related queries and calculations.
  15. Oversight of the administration and periodic reporting related to EQ's all colleague LTIP.
  16. Assist the wider Global Reward team with projects, reporting, and analysis.
  17. Scan and keep abreast of emerging Reward trends and practices.
  18. Lead merger integration analysis and due diligence.
  19. Oversight of EQ's global recognition plans, ensuring value for money and employee outcomes.
  20. Oversight of Reward-related invoicing.

Requirements:

  • Education: Degree Educated, HR/Compensation related certification desirable (e.g., CIPD/SHRM).
  • Experience: Managing multiple reward programmes and projects, significant experience in a complex global environment.
  • Knowledge and skills:
  1. Proven analytical experience; interpreting data and using information to inform business options and outcomes.
  2. Sound knowledge of incentive structures, benefits, grading, pay structures, pensions, pay, and related legislation.
  3. Experience with benchmarking (e.g., Global Grading/Hay methodology).
  4. Highly proficient in Excel (able to build complex models).
  5. Excellent numerical and analytical skills and attention to detail, with the ability to interpret data, present, analyse, and propose recommendations clearly.

Benefits:

This role offers a competitive remuneration package, including access to training and development opportunities, and a dynamic work environment that supports innovation and collaboration.

Other Opportunities:

Opportunities exist for career advancement, professional growth, and personal development. The successful candidate will have the opportunity to work with a talented team, contribute to the success of the organisation, and make a meaningful impact on the business.

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