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Lead Compensation Strategist

3 weeks ago

Vadodara, Gujarat, India beBeeCompensation Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

About the Role:

We are seeking a seasoned expert to lead our compensation and benefits strategy, aligning it with our overall human resources philosophy. This includes designing compensation structures, determining salary ranges, managing annual salary revisions, communicating compensation programs to employees and management, and monitoring the compensation program for changes as needed.

This role will require the ability to drive best-in-class compensation and benefits practices individually under the supervision of a senior leader. The successful candidate will work closely with leadership, HR, and HQ teams to achieve this goal.

Key Responsibilities:

  • Monitoring the organization's compensation structure to maintain a balance between compliance, cost control, and attracting/retaining staff.
  • Member of project team responsible for developing and executing technology roadmap for Market Intelligence & Annual Planning and the Total Rewards CoE.
  • Perform quantitative and qualitative data analysis of key market intelligence indicators (via dashboards design including predictive analytics) and interlock with stakeholders to support actionable market intelligence.
  • Maintain enterprise-level focus on compensation management activities, while understanding unique characteristics of state entities with a wide variety of missions.
  • Consult with and educate Sr. Leaders and managers on the Compensation philosophy, policies, and structures.
  • Researching and analyzing market data to use for developing compensation structures. Ad hoc analysis for business leaders for key skills or talent. General market pricing of jobs through salary surveys.
  • Support the work of HR professionals within the CoE and the development of a truly global HR organization delivering clients and communities.
  • Undertaking job evaluations to ensure that the differences in pay between those doing different jobs within the organization are fair and are perceived to be so.
  • May prepare RFPs and shortlist vendors. Responsible for timely completion of appraisal cycle/revision cycle.
  • Drive wellbeing and Benefits / rewards operations professionals to enable the development and successful implementation of Health and Mental Wellbeing policies and programs conceptualized in conjunction and partnership with the local and global and Benefits teams.
  • Responsible for defining problem statements, goal setting, performance management, escalation management and coaching/mentoring the operations team across the health, wellbeing and operations functions.
  • Works closely with senior leadership, HR, HQ Benefits and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
  • Focus on communication and branding of all associate benefits
  • Drive insurance renewal for the entity
  • Develops the approach for administering health and wellbeing programs for in collaboration with local and global teams.
  • Drives vendor market intelligence across the broader benefits portfolio & help organization to optimize ROI.
  • Managing multiple vendors / services contracts & renewal.
  • Leads the internal governance of functional metrics and health/insurance dashboards
  • Drives the finalization of annual engagement calendar in partnership with site excellence and enables implementation of the events in conjunction with the global and team.
  • Works with Leaders, HRBPs, Talent Acquisition and the leadership team to effectively communicate/amplify 's Benefits philosophy and educate team members on the value of Total Rewards in partnership with communications.
  • Manages and monitors health and wellbeing budgets and insurance
  • Owns and drives company-wide special projects aligned to team/organizational needs.

Requirements:

  • 10-12 years of experience in Compensation & Benefits
  • Experienced graduate in any discipline or MBA Finance / HR
  • Prior experience in people leadership with expertise in benefits portfolio management, preferably from a technology, technology-enabled, eCommerce organization or broker industries.
  • Deep expertise in budgeting, vendor assessment, data requirement gathering, project management, and process design & governance.
  • Strong network of peers in competitor organizations
  • Awareness of market landscape and practices specifically in health and mental wellbeing
  • Strong presentation skills and communication are desirable.
  • Able to handle large size data in Excel skill
  • Must be able to conduct self in a professional manner in dealing with highly sensitive information.
  • Time management and analytical skills
  • Utilize strong organizational skills to establish a plan, define objectives, set deliverables/timelines, and implement quality standards.
  • Past experience in matrix organization or corporate office will be preferred