Total Rewards Strategist

17 hours ago

Bengaluru, Karnataka, India beBeeCompensation Full time ₹ 18,29,700 - ₹ 21,93,300
Strategic Total Rewards Professional

The Manager of Total Rewards plays a pivotal role in designing and implementing an organization-wide total rewards strategy that aligns with business objectives. This involves developing, managing, and continuously improving compensation and benefits programs to attract, retain, and motivate top talent.

Key Responsibilities:
  • Develop and execute a comprehensive total rewards strategy that supports the company's mission, values, and goals.
  • Establish and refine total rewards frameworks to support competitive positioning while maintaining internal equity.
  • Oversee compensation and benefits programs for direct and indirect labor, focusing on scalability and compliance with global standards.
  • Lead market benchmarking processes to assess competitive positioning and make informed decisions.
  • Conduct pay equity and gap analyses to ensure equitable compensation practices.
  • Drive the design and execution of health, wellness, retirement, and other employee benefit programs to enhance the employee experience.
  • Lead benefits renewal processes and vendor negotiations to manage costs and promote awareness among employees.
  • Develop performance and recognition programs that support a high-performance culture and foster engagement.
  • Align recognition initiatives with company values to drive performance and retention.
  • Create and manage compensation, benefits, and recognition policies to ensure clarity and alignment with company values and regulatory standards.
  • Lead compliance efforts with local, state, and federal regulations, along with global standards for international employees.
  • Leverage data analytics to monitor the effectiveness of total rewards programs and make recommendations based on insights.
  • Prepare executive-level reports and presentations on total rewards metrics to ensure alignment with business goals.
Leadership & Team Management:
  • Lead and develop a team responsible for total rewards initiatives, ensuring their growth and alignment with company values.
  • Foster a collaborative environment focused on knowledge-sharing, process improvement, and continuous learning.
Requirements:

Experience: 7-10 years in total rewards, compensation, and benefits, with at least 3+ years in a leadership or CoE role within a medium to large organization.

Education: Bachelor's degree in Human Resources, Business Administration, or a related field; a Master's degree or relevant certifications (e.g., CCP, CEBS) are preferred.

Skills:

  • Strong expertise in compensation frameworks, benefits management, and total rewards benchmarking.
  • Proficient in working with HR systems (Workday, SAP, Oracle, etc.) and data analysis tools.
  • Proven ability to manage vendor relationships and negotiate contracts.
  • Exceptional interpersonal and communication skills to engage with executives and stakeholders effectively.
  • Experience in managing teams or dotted line reports, with strong leadership capabilities.
Preferred Competencies:
  • Ability to work effectively in a dynamic, fast-paced environment.
  • Strong analytical mindset with experience in data-driven decision-making.
  • Comfortable with navigating ambiguity and leading through change.
  • Commitment to fostering an inclusive workplace aligned with company values.

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