Head - Total Rewards - Manufacturing Firm - IIM/XLRI/TISS/NMIMS (8-15 yrs)

Total Rewards Head | IIM/XLRI/TISS/NMIMS

Qualifications: MBA from Premier B-Schools

Experience - 8-12 years

Key Responsibilities :

- Develop and implement a comprehensive compensation strategy aligned with business goals.

- Conduct regular market analyses to ensure the competitiveness of the company's pay structure.

- Oversee the design and administration of employee benefits programs, including health insurance, retirement plans, and other perks.

- Ensure compliance with relevant laws and regulations regarding benefits.

- Collaborate with HR and business leaders to design and implement effective performance management programs.

- Integrate performance metrics into the overall total rewards strategy.

- Establish and maintain a job evaluation system to ensure internal equity.

- Grade jobs based on responsibilities, skills, and market benchmarks.

- Design and manage incentive and bonus programs to drive performance and reward top talent.

- Monitor the effectiveness of incentive programs and recommend adjustments as needed.

- Develop and oversee employee recognition programs to foster a positive and motivating work environment.

- Implement programs that acknowledge and reward outstanding performance.

- Implement initiatives that support employee well-being, such as wellness programs and work-life balance initiatives.

- Ensure compliance with all relevant laws and regulations related to compensation and benefits.

- Prepare and present reports on compensation trends, costs, and other relevant metrics.