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Chief Compensation Strategist

3 weeks ago

Kurnool, Andhra Pradesh, India beBeeCompensation Full time ₹ 1,80,00,000 - ₹ 2,50,00,000
Job Description

As a compensation and benefits expert, you will be responsible for aligning the organization's compensation and benefits practices with its overall HR philosophy. This involves designing compensation structures, determining salary ranges, managing annual salary revisions, and communicating compensation programs to employees and management.

This role requires driving best-in-class compensation and benefits practices individually under supervision. The ideal candidate will have experience in people leadership, benefits portfolio management, and expertise in budgeting, vendor assessment, and data analysis.


Key Skills and Qualifications
  • Monitor and maintain the organization's compensation structure to balance compliance, cost control, and staff attraction and retention.
  • Develop and execute technology roadmaps for Market Intelligence & Annual Planning and the Total Rewards CoE.
  • Analyze key market intelligence indicators using predictive analytics and interlock with stakeholders to support actionable market intelligence.
  • Consult with leaders and managers on compensation philosophy, policies, and structures.
  • Research and analyze market data to develop compensation structures and conduct ad hoc analysis for business leaders.
  • Support HR professionals within the CoE and develop a global HR organization delivering clients and communities.
  • Undertake job evaluations to ensure fair pay differences between jobs within the organization.
  • May prepare RFPs and shortlist vendors, and complete appraisal and revision cycles.

Benefits
  • Driving wellbeing and benefits operations professionals to develop and implement health and mental wellbeing policies and programs.
  • Defining problem statements, goal setting, performance management, escalation management, and coaching/mentoring the operations team across health, wellbeing, and operations functions.
  • Working closely with senior leadership, HR, HQ Benefits, and Wellbeing teams to build consensus and support for the India Health and Wellbeing Strategy.
  • Focusing on communication and branding of associate benefits.
  • Driving insurance renewal for the entity.
  • Developing approaches for administering health and wellbeing programs in collaboration with local and global teams.
  • Driving vendor market intelligence across the broader benefits portfolio and optimizing ROI.
  • Managing multiple vendors/services contracts and renewal.
  • Leading internal governance of functional metrics and health/insurance dashboards.
  • Driving finalization of annual engagement calendar in partnership with site excellence and enabling implementation of events in conjunction with the global and India team.
  • Working with Leaders, HRBPs, Talent Acquisition, and the leadership team to communicate/amplify the Benefits philosophy and educate team members on the value of Total Rewards.
  • Managing and monitoring health and wellbeing budgets and insurance.

Others

The ideal candidate will possess strong analytical and problem-solving skills, excellent communication and interpersonal skills, and the ability to work effectively in a team environment.

A bachelor's degree in human resources, business administration, or a related field is required. A master's degree or professional certification in a relevant field is preferred.

The selected candidate will undergo a comprehensive onboarding process, including training and mentoring, to ensure a smooth transition into the role.