Total Rewards Strategist
1 week ago
We are seeking a skilled Total Rewards Strategist to join our team at Max Life Insurance Company Limited. In this role, you will be responsible for designing and implementing total rewards philosophy in line with organizational strategy.
As a Total Rewards Strategist, you will support the function in specific areas including salary design and benchmarking, performance management, policies and benefits review, employee recognition initiatives, rewards and recognition, and extend support to functional projects across the portfolio.
Key Responsibilities- Research and analyze compensation and benefits offered by other employers in the same sector or in the target sector.
- Undertake job evaluations to ensure that the differences in pay between those doing different jobs within the organization are fair.
- Apreciate the influence of technology & current trend in Comp & Benefits.
- Lead different HR Projects (beyond Total Rewards).
- Lead audit requirements across various audits taking place internally and externally.
The estimated salary range for this role is ₹1,200,000 - ₹1,800,000 per annum, depending on experience. We also offer a comprehensive benefits package, including medical insurance, retirement savings plan, and paid time off.
Requirements- Management graduate with 3 to 6 years of relevant experience in Total Rewards function.
- Good understanding of the principles and practices of total rewards systems.
- Strong analytical, problem-solving skills and quantitative skills.
- Highly detail driven with emphasis on accuracy, coupled with the ability to see the broader/big picture.
- Knowledge of Hay Job Evaluation framework.
- Strong project management skills and ability to manage multiple projects and priorities at once.
- Ability to create tools and models to interpret and analyze data.
- Comfortable working in a highly matrixed environment.
- Should be able to understand the nuances of diverse businesses units and able to develop solutions.
- Significant interaction with senior level members in the Talent team and business leaders.
- Strong Presentation and communication skills.
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