Job Description
Job SummaryAs part of the Group Rewards team, the main objective of this role is to co-manage, design, oversee and ensure the implementation of the Group Compensation Strategy across the organization, and to act as an advisor on all Rewards and organization design aspects to HRBPs and businesses managers.Job Responsibilities• Actively co-manage organization wide annual pay planning process (salary and bonus) and all steps in the process thereof • Responsible for external market compensation benchmarking surveys- participation, analysis and action planning• Research, analyze and develop competitive market benchmarking for compensation structures for various Business Units using compensation reports and other data sources• Responsible for the design and review of Business Unit specific short-term incentives/ variable pay• Collaborate closely with the HR business partners and recruitment teams to facilitate attraction, motivation and retention of talent• Support staffing activities by conducting job evaluation, competitive benchmarking and structuring of new hire and promotion offers• Analyze internal rewards data and effectiveness of compensation programs• Design, develop and review reward policies, guidelines and procedures to be consistent with company objectives• Co- manage various ongoing Compensation and Benefits automation projects • Actively participate in any other ongoing C&B projects from time to time• Network with peer organizations to compare reward practices and make recommendations as necessary• Manage the development of the Organization structure and analyze all proposed changes in organization charts to ensure its alignment with Organization’s strategy and business objectives• Review the organization structure periodically and make recommendations to improve the same, thereby enhancing organizational effectiveness.
