Total Rewards- SME

We are looking for a Total Rewards SME to actively support in recognizing emerging trends in Total Rewards and in adapting these to provide creative solutions aligned to business needs.
As a Total Rewards SME, one will support in crafting, developing and securing deployment of Total Rewards strategies, policies, processes and tools covering Ericsson companies in the countries included in the Market Area geography (Southeast Asia, Oceania & India).

Key responsibilities will include:
Base pay management:
Driving annual salary benchmarking process and demonstrating the benchmarks to guide the development of salary ranges
Preparation, Planning & Execution of annual and off-cycle salary review cycles - supporting the annual salary review budget finalization process, development and deployment of salary increase guidelines, monitoring & controlling salary spend within budget
Short term & Long-Term Variable Pay:
Ensure that annual targets assigned to employees for short term variable (STV) pay are in alignment with the agreed target-setups for the calendar year
Drive payroll & HRMS data quality impacting variable pay payout in conjunction with the payroll team and respective country HR teams
Collaborate with Finance to ensure target achievements are accurately updated within requisite global deadlines to reflect accurate payouts against annual STV pay targets in the target library
Validate the annual short-term variable pays payouts to ensure accuracy and timely payouts as per defined timelines
Support the Global and Market Area total rewards team and country People Function teams in driving the Long-Term Variable pay plan annual nominations
Support in closure / reconciliation of any queries from employee(s) and / or People Business Partners on payout against Variable Pay plans.
Employee Recognition:
Collaborate with Country People Function teams, Marketing & Communications, vendor and managers to continually support in reinforcing employee recognition (monetary & non-monetary) into the cultural tapestry of organization through useful insights drawn from the employee recognition data, focused group discussions, employee engagement surveys etc.
Support the process for annual R&R budget
Drive governance on budget vs spend reconciliation, monitor and report on important metrics and draw practical insights to share with People Business Partners to enhance the health of R&R program
Projects:
Work cross-functionally with SME teams across Talent Acquisition, Learning & Development, Work force Planning & Analysis, Talent Management, People Business Partners and Payroll & Delivery teams on various People Function process improvement projects.

Technical:
Must Have Hands-on experience in core Total Rewards processes - Base Pay management, short-term and long-term variable pay, employee benefits, R&R etc. preferably in both delivery and SME roles.
Must demonstrate functional thought leadership in Total Rewards - a blend of experience in Total Rewards in the Consulting space as an analyst or SME in the Corporate world along with a Total Rewards delivery experience in a Regional / Global Shared Services Centre set-up will be preferred Must be proficient in MS Excel and MS PowerPoint
Knowledge of survey methodologies and job evaluation frameworks especially, in the Hi-Tech sector.
Non-Technical:
Should demonstrate strong analytical & problem-solving skills, numerical ability and motivation to continually improve - must not be content with status quo
Must demonstrate thought leadership - strong inclination to secure insights & recognize patterns in datasets, keen sense of curiosity to know, understand and assimilate key shifts and evolving trends in the industry within the Total Rewards space etc. and integrate these to build useful insights.
Must be strong on planning & execution skills
Should demonstrate a propensity to be consultative with effective stakeholder management skills so as to ensure demonstrating on multiple levels and across different channels of feedback, thoughts and ideas in order to integrate them into the planning & execution of Total Rewards strategy, solutions, programs & processes
Must have effective presentation and communication skills with a strong learning orientation. Should demonstrate the ability to verbalize thoughts, insights and ideas into effective oral and written communication
Effective project management skills
Ability to appreciate cultural diversity and effective work across cross-country teams

Key Qualifications & Experience:

Education: Must be a Graduate (preferably in Mathematics, Engineering or Statistics). An MBA / PGDM, will be preferable.
Experience: Min years of relevant (Total Rewards) experience 8-10 Years in a large Multi-national Corporation in a CoE / SME Total Rewards role.