Udaan - Rewards Manager (4-7 yrs)

Rewards Manager-IC Role-Bangalore

- As a Rewards Manager, you will be responsible for designing, implementing, and managing the compensation and benefits strategy that aligns with business goals and enhances employee experience.

- You will play a critical role in ensuring market competitiveness, internal equity, and compliance with regulatory requirements.

Key Responsibilities:

Compensation Strategy & Execution:

- Design and implement the overall compensation and rewards strategy to attract, retain, and motivate employees.

- Conduct benchmarking and market analysis to ensure competitive salary structures.

- Develop and manage salary bands, incentive programs, and variable pay plans tailored to the startup ecosystem.

- Work with finance and leadership teams to manage the annual compensation budgeting process.

Benefits & Perks Management:

- Oversee the design and execution of employee benefits programs (health insurance, wellness initiatives, leave policies, etc.).

- Continuously review and enhance employee perks to improve engagement and satisfaction.

- Partner with vendors to optimize cost-effective and impactful benefits solutions.

Performance & Recognition Programs:

- Develop and manage performance-linked compensation structures, including bonuses, stock options (ESOPs), and other incentives.

- Create recognition frameworks to reward high performers and reinforce company culture.

- Support the performance management cycle, linking rewards to business and individual performance.

HR Analytics & Compliance:

- Leverage HR analytics to track compensation trends, identify gaps, and drive data-driven decision-making.

- Ensure compliance with statutory requirements related to compensation, tax regulations, and labor laws in India.

- Stay updated on industry best practices and emerging trends in total rewards.

Key Qualifications & Skills:

- 3-4 years of experience in Total Rewards, Compensation & Benefits, and HR Analytics within a high-growth startup or fast-paced industry.

- Strong understanding of reward frameworks, benchmarking, and compensation structures.

- Experience in designing incentive and ESOP programs.

- Proficiency in HR analytics and reporting tools.

- Knowledge of Indian labor laws, tax regulations, and statutory compliance.

- Strong analytical, problem-solving, and stakeholder management skills.

- Ability to work in a dynamic, fast-paced startup environment.