The purpose of the role of Human Resource (HR) - Rewards is to design, implement, and manage compensation, benefits, and other rewards programs within an organization.
This role required technical expertise with strong communication, analytical, and interpersonal skills to design and implement effective compensation and benefits strategies that attract and retain top talent while supporting the organization's goals and financial objectives.
Oversee the design, implementation, and administration of employee benefits programs, including health insurance, retirement plans, and other welfare initiatives.
Managing the rewards budget requires financial acumen Being able to analyze costs and make budgetary decisions is necessary to ensure the organization's financial stability.
Conduct the salary benchmarking exercise and propose grids for new roles within the organization.
Monitors the job market, compensation trends and find best practices for implementation in the organization.
Analyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitiveness.
Collaborate with HR and business leaders to establish effective performance management frameworks, including goal setting, performance evaluations, and recognition programs.
Conduct C&B audits and implement necessary controls to fix gaps.
Is responsible for setting and tracking the compensation budget within the organization.
Handle salary increment process.
Administers benefits and provides monthly inputs for payroll processing.
Participates in market surveys, analyses the report and makes recommendations to the management.
Will be actively involved in driving C&B projects for the organization.
Offers solutions to stakeholders in managing difficult situations related to compensation.
