Job Description
Job Summary
The Sr. HR Manager, Rewards & Performance Management, plays a pivotal role in designing and managing variable compensation frameworks, incentive schemes, equity programs, and recognition initiatives. This role focuses on driving high-performance behaviors, retaining top talent, and ensuring that rewards systems align with organizational objectives. The position also provides tactical support and guidance to the HR Director in the execution of key rewards strategies.
Job Responsibilities
1. Variable Compensation Programs:
• Develop and manage variable pay structures, ensuring alignment with organizational objectives and incentive targets.
• Communicate and support the rollout of variable pay programs to employees and leaders, driving understanding and engagement.
2. Incentives & Bonus Plan Administration:
• Oversee the design and execution of incentive and bonus plans, collaborating with Finance to ensure budget alignment and transparency.
• Evaluate the effectiveness of these programs and recommend enhancements to support evolving business needs.
3. Recognition and Retention Programs:
• Guide the design and implementation of recognition programs to foster engagement and reward high performance.
• Collaborate with HR Business Partners to implement retention strategies targeting high-performing and critical talent pools.
4. Performance Management:
• Coordinate performance cycles, including goal setting, reviews, and calibration sessions.
• Provide tools, training, and guidance to managers for effective performance evaluation.
5. Benefits Management:
• Strategically oversee the design and evaluation of benefits programs, ensuring alignment with employee needs and industry trends.
• Ensure compliance with all regulatory and legal standards in benefits administration.
6. Data Analytics & Reporting:
• Analyse program metrics to assess effectiveness and provide insights to leadership.
• Develop dashboards and reports to support data-driven decision-making.
7. Employee Communication & Education:
• Develop and execute communication strategies to enhance employee understanding of rewards programs.
• Lead training sessions to empower employees and managers with knowledge on rewards frameworks.
8. Team Collaboration & Development:
• Provide mentorship and guidance to direct reports, fostering their professional development.
• Collaborate with HR leaders across functions to integrate rewards and performance programs with broader talent strategies.
9. Peer Networking:
• Actively engage with external networks and industry forums to inform best practices and benchmarking efforts.
10. Other Support:
• Provide strategic support to the HR Director on rewards and performance initiatives as required.
Candidate Requirements
Education and Experience:
• Bachelor's degree in Business Management, Human Resources, or a related field; MBA or Master's degree preferred.
• 10 to 15 years of relevant experience in HR, with at least 2 to 3 years in a team lead role handling compensation, incentive design, benefits, policies, strategic workforce planning, and performance management in a large, multi-business organization.
Technical Skills:
• Strong functional knowledge of compensation and benefits frameworks, including variable pay structures.
• Expertise in performance management systems and KPI development.
• Proficiency in data analysis and reporting tools, with expertise in MS Excel.
• Knowledge of labor laws and regulatory requirements related to compensation and benefits.
Leadership and Interpersonal Skills:
• Excellent ability to understand business needs and translate them in
