Lead - Compensation & Benefits

1 week ago

Noida, Uttar Pradesh, India Tech Mahindra Full time

Tech Mahindra is currently looking for compensation expert to join our team who have suitable experience in managing compensation programs across geographies. This role will be responsible for developing, implementing, and managing compensation strategies that align with our business objectives and ensure competitive and equitable pay practices.

Role & Responsibilities:

  • Develop and implement comprehensive compensation strategies for the required regions.
  • Conduct market analysis and benchmarking to ensure competitive compensation practices, participate in C&B surveys and create compelling presentations with market insights
  • Manage annual compensation processes, including salary reviews, bonus plans, and equity programs.
  • Collaborate and Partner with Business HRs, Regional HRs and Business Leaders to understand business specific scenarios and provide guidance, solutioning and support on compensation-related matters.
  • Ensure compliance with local, state, and federal regulations related to compensation.
  • Lead compensation projects and initiatives to improve compensation practices and processes.
  • Stay abreast of industry trends and best practices in compensation management.
  • Understand Collective Bargaining Agreements, Engagement principles with various Unions and other aspects related to specific/required regions.
  • Design compensation structures for various countries as per the law of land requirements and the way in which it yields highest value to employees as well as the organization.

Educational Qualification:
MBA

Experience:
5-8 years of relevant domain experience

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