Rewards Professional R&d

**Job Title**: Rewards Professional R&D & HIC

**Job Summary**:
The Rewards Professional Advices Rewards Leaders, HR Operations, HRBPs, HRMs on rewards policies, practices and procedures in Philips across the systems. Contributes to the design of rewards policies, processes and tools OR is involved in the delivery of a global service in a rewards SSC (e.g. International Mobility or Stock Option & Share Center).

**You are responsible for**

**Rewards Policies and processes**
- Fully responsible for roll out and execution of processes in line with rewards policies, practices and processes in Philips for PIC and HIC organizations in India
- Ensures that reward plans for each employee are in line with established rewards policies and local legislation requirements
- Contributes to the design of global rewards policies, processes and tools, by collecting and analyzing results from global and local benchmarking partners and collecting business requirements and market developments with limited guidance from rewards leader/ specialist
- Provides advice on complex topics in the area of rewards
- Implements rewards strategy with a longer-term focus
- Coaches less experienced rewards professionals
- Ensures that benefits and compensation plans for each employee are in line with established rewards policies and local legislation requirements.
- Delivers global service in a rewards SSC (e.g. International Mobility or Stock Option & Share Center), executes the administrative and transactional consequences of rewards decisions
- Responsible for individual off cycle salary change or off cycle cash awards
- Contributes to the design of global rewards policies, processes and tools, by collecting and analyzing results global and local benchmarking partners and collecting business requirements and market developments as part of the defined strategy and signals “white spots” in the offerings
- Develops and analyzes reports and data to determine competitive position, compliance, and program effectiveness
- Participates in Market benchmarking studies and subsequently supports Rewards Leader in designing, aligning and maintaining (global / local) pay structures & pay ranges and the benefit plans
- Ensures successful vendor outcomes by clarifying expectation, providing data/inputs as necessary
- Conducts periodic line manager and HRM training as necessary on Rewards Process/Policies and tools to build capability and drive a Manager Self Service culture
- Support effective execution of Performance Management, incentive and long term incentive as necessary and develop/execute processes to drive a pay-for-performance philosophy

**Key Performance Indicators**

**Cost**
- Adherence to salary review budget
- Total Compensation expense / FTE
- Hires outside pay range

**Quality**
- Incentive Plan Design adherence to global policy
- Incentive effectiveness
- Feedback on employee benefits & compensation policies (Customer Satisfaction Index)
- Utilization Manager self-service tools such as COMPlanner/Workday/Anaplan/Numero
- Accurate delivery of critical processes

**Time**
- Timely completion of critical processes such Sales Incentive Design & Admin, Annual Compensation Review, Performance Management in the Market

**To succeed in this role, you should have the following skills and experience**
- An MBA degree with 10+ years of overall work experience
- Good interpersonal skills and high task & customer orientation
- Attention to detail, ability to communicate effectively and tactfully with all levels of employees and managers.
- Ability to work with cross functional teams - ability to influence in absence of reporting relationship.
- Strong leadership and Stakeholder Management skills, flexible team player
- Excellent presentation and communications skills

**REQUIRED COMPETENCES**

Functional
- Rewards Management
- HR Operations
- Talent Management
- Statutory Compliance

Behavioral
- Detail Orientation
- Result Orientation
- Stakeholder Management
- Business Acumen
- Communication
- Customer Orientation