Rewards Manager - Compensation Programs - IT/FMCG (2-6 yrs)

Compensation and Rewards & Recognition:

- Support the design and administration of competitive compensation and rewards & recognition programs.

- Conduct regular benchmarking to ensure competitiveness and alignment with industry standards.

- Assist in managing the rewards budget effectively.

- Lead the compensation, variable pay and Promotion planning process, including system configuration, testing, data analysis, budgeting, guideline development, training, communication, and execution.

- Manage and administer the Rewards & Recognition program.

- Support in measurement of effectiveness of Compensation and Rewards and recognition programs and initiatives through employee feedback and metrics.

Performance Management:

- Drive the end-to-end performance management process.

HR Policy Development:

- Create, implement, and maintain all HR-related policies to ensure alignment with organizational objectives and regulatory compliance.

Data Analysis and Insights:

- Conduct periodic reviews and analysis of rewards and performance data to provide meaningful insights and actionable recommendations.

Communication and Guidance:

- Communicate rewards programs to employees.

- Resolve all employee and stakeholder queries related to total rewards effectively and in a timely manner.

- Collaborate with internal stakeholders to ensure performance management processes and total rewards programs are planned and executed accurately and on time.

Vendor Management:

Lead vendor management efforts related to Total rewards, including Relationship management, negotiation, and ensuring high-quality service delivery.

Qualification:

- Master's degree in human Resources, Business Administration, or related field. Relevant certifications (e.g., Certified Compensation Professional) is plus.

- 5+ years of relevant experience in compensation.

- Good analytical skills with the ability to interpret data and make data-driven decisions.

- Good communication, presentation, and interpersonal skills, with the ability to handle stakeholders.

- Extensive knowledge in MS Office.