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54 Prudential Financial Jobs
Lead- Total Rewards & Performance
4-9 years
Kolkata, Mumbai, New Delhi + 4 more
1 vacancy
Lead- Total Rewards & Performance
Prudential Financial
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Performance Management:
- Implementing PruPerform in India SAHI to ensure Organization goals are aligned to individual goals, which involves, process governance, drive strategically aligned goal setting, support with regular and quality performance conversations, ensure target assessor group and 360-degree feedback
- Train & support managers to effectively manage & evaluate performance and foster high performance culture in the organization.
- Compensation & Benefits Management
- Conduct regular Compensation & benefits benchmarking with competition to ensure we have competitive advantage in positioning.
- Oversee Employee benefits programs like Insurance offerings, policies, and wellness initiatives to align with Prudential Global standards and India Market standards. Regularly review and update the offerings
- Design and support administration of executive compensation framework in line with regulations from IRDA
- Support with compensation proposals for all new hires, ensure internal & external parity. Work closes with Talent Acquisition to drive win-win proposition for Candidates and the organization
- Be the custodian of Group Reward Principles and guidelines for India SAHI.
- Governance & Budget oversight
- Ensure all compensation and benefits programs comply with local Labour laws and regulations. Stay updated with any legislative changes affecting compensation and benefits.
- Manage the Rewards budget, ensuring cost-effective allocation of resources. Provide regular financial analysis and reporting to support strategic decision-making. Be the custodian of People cost Workforce planning and annual renumeration review process
- Conduct Benefit analysis to ensure ROI and optimization of employee offerings.
- Design HR policy & process framework for the organization considering local compliance, best market practices & Group guidelines.
- In collaboration with group ER, ensure all employment letters & formats which are compliant to legal framework, and reward guidelines
- Job Analysis & Evaluation
- Ensure Job Evaluation exercise to determine relative & fair value of different roles.
- Work closely with Business leaders to conduct regular job analysis and design to ensure that roles are well aligned to organization goals and become a critical input to org design initiatives. Support group transformation.
- In collaboration with Group Rewards, establish an effective & competitive Job architecture support future scaling of the organization across various functions
- Collaboration & Communication
- Align with leaders to effectively communicate and implement compensation policies & practices as per market standards & group guidelines
- Communicate group announcements, conduct trainings, employee debriefings to ensure group policies & guidelines are effectively implemented in the business unit.
- Leverage skillsets internal stakeholders & external vendors to implement effective reward programs.
- Master s degree in human resources and/or a professional certification related to the field
- Minimum of 5 years of overall HR experience, at least 3 years in corporate rewards or reward consulting role.
- Strong knowledge of compensation principles, market trends, regulatory requirements, and best practices.
- Experience in BFSI or Insurance domain to design and drive initiatives for retail or frontline sales will be a plus.
- Proven experience designing and implementing comprehensive compensation and rewards programs, including salary structures, incentive plans, and long-term incentives.
- Excellent analytical skills with the ability to interpret complex data, conduct market research, and provide data-driven recommendations.
- Ability to look at tasks as a problem and use case that can be solved with Gen AI.
- Thrive in environments that celebrate co-creation and collaboration
- Passionate about building high performance culture through competitive rewards practice.
- Ability to adapt & work in a fast-paced dynamic environment
- Take help from others when stuck and encourage others when there are setbacks
- Always open to embracing change and be able to manage it.
Employment Type: Full Time, Permanent
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