Director, Compensation AP

2 days ago

Bengaluru, Karnataka, India Visa Inc. Full time ₹ 1,00,00,000 - ₹ 2,00,00,000 per year
Job Description

As a key member of the global Total Rewards team, support and implement Visas total reward strategy and manage local compensation programs and practices in Asia Pacific (AP) countries with a specialized focus on our Technology footprint. Ensure that reward programs are competitive, cost effective, able to attract and retain talent, and adequately aligned to our global philosophy. The role will be responsible for reviewing, implementing and recommending changes to compensation programs, monitoring trends and effectively communicating programs to local People Team, management and employees.

  • Provide strategic compensation consulting to local management and People team on hiring/job offers, internal equity, compensation reviews, retention, rewards or any compensation related issues in assigned geographies.
  • Participate in the development and drive the execution of compensation processes and initiatives such as annual review, incentive and equity plans, competitive and ad hoc analysis, projects and reporting for AP countries.
  • Manage and conduct job evaluation process in assigned countries in alignment with global job leveling criteria.
  • Recommend salary surveys and survey providers that provide best data for benchmark jobs in relevant markets, help determine appropriate job matches in salary surveys and work with business managers and global compensation colleagues to define relevant peer group companies at the country level.
  • Recommend competitive local pay strategies based on local market factors and key Visa jobs and skills; recommend salary increase budget and guidelines by country.
  • Support budget and forecast process for assigned countries by providing relevant information and analysis to Finance, line managers, People team and global compensation team.
  • Provide local support in administering incentive plans, including short-term and equity-based long-term incentives.
  • Support with designing and review of sales incentive plans.
  • Lead the annual review compensation process for assigned countries. Provide local support in communications, training, consulting with managers, system testing, etc.
  • Proactively identify opportunities for organizational effectiveness and make recommendations to management aligned to talent and compensation trends in markets.
  • Partner with others on Compensation and people teams to support workload and execution, sharing/transfer of knowledge, increase understanding of international issues and all aspects and considerations around compensation programs and practices.
Why this is important to Visa

The Asia Pacific region is one of Visas fastest-growing regions, with a rapidly evolving complex talent landscape and continuously everchanging compensation practices. This role provides strategic support to the business to be able to attract and retain the best talent within the region and enable business success. It also navigates complex regulatory environments, ensures messaging is tailored to local markets, and engages stakeholders such as local leadership, vendors and partnersaltogether strengthening Visas market position and supporting its long-term success in AP.

This is a hybrid position. Expectation of days in the office will be confirmed by your Hiring Manager.

Locations - Job Location: Bangalore, INDIA

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