Senior Reward Strategist

2 weeks ago

Pune, Maharashtra, India beBeeCompensation Full time ₹ 17,50,000 - ₹ 20,25,000

Job Role:

Compensation Benefits Manager

Overview:

A highly skilled Compensation Benefits Manager is required to craft and execute the annual compensation cycle, including base salary reviews, short-term incentives, and long-term incentives.

Key Responsibilities:

  • 1. Compensation Strategy & Cycle Management
  • Craft and execute the annual compensation cycle,
  • including base salary reviews, STI (short-term incentives), and LTI (long-term incentives).
  • Collaborate with external vendors and leverage market surveys (e.g., Mercer, Aon) for benchmarking to maintain competitive compensation structures.
  • Define and manage salary bands, compa-ratios, and pay mix frameworks for fairness and effectiveness.
  • 2. Performance Management System (PMS)
  • Oversee the full PMS lifecycle: goal-setting, mid-year reviews, calibration, final appraisals, feedback mechanisms, and development planning.
  • Guide HRBPs and line managers in embedding performance culture and aligning individual goals with business strategy.
  • 3. Talent Projects & Strategic Initiatives
  • Lead or support initiatives like succession planning, identification of high-potential employees, and talent pipeline development.
  • Design and implement talent-related projects (e.g., IDPs, rotational programs, leadership development).
  • 4. Benefits & Recognition
  • Manage the benefits portfolio including health insurance, retirement schemes, wellness programs, and recognition awards.
  • Create recognition frameworks tied to organizational values and employee engagement metrics.
  • 5. Analytics, Reporting & Governance
  • Develop dashboards and reports on compensation trends, PMS outcomes, and utilization of benefits to inform strategic decision-making.
  • Ensure compliance with statutory requirements, internal audit norms, and internal equity standards.
  • 6. Stakeholder Management
  • Act as a trusted advisor to HRBPs, Finance, Senior Leaders, and external agencies, delivering consultative support on compensation, performance review, and talent decisions.
  • Manage vendor relationships for external benchmarking and benefits administration.

Qualifications:

Education

Bachelor's or Master's in HR, Business Administration, Finance, or related field. Certifications (e.g., CCP, CBP) are advantageous.

Experience

Over 5 years in C&B, performance management, and talent initiatives. Proven mentorship in incentive cycles (STI/LTI).

Technical Skills

Proficiency in HRMS/PMS platforms (e.g., SAP SuccessFactors), advanced Excel, HR analytics

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