Dr Reddys Rewards Specialist

  • 6-8 yrs
  • Not Disclosed

Job Description

Rewards SpecialistPurpose Develop, implement, govern and manage local Compensation & Benefits systems, programmes and processes for assigned countries. Participate in the development, implementation, governance and management of global Compensation & Benefits tools, programmes and processes.Key Responsibilities 1) Increments Manage the merit increase process for assigned Geographies Units end to end including communications and awareness sessions for business HR partners and business leaders Actively participate in budgeting and recommendations for merit increases2) Bench marking Manage local surveys and create compensation benchmark for a position or a group of positions. Advise and consult with HR Business Partners as well as Business Leaders on the basis of the results. Create comp package proposals, consult and advise on banding as requiredExecutive Compensation Facilitate and implement executive compensation, related programs and processes including related long term incentive plans3) Variable Pay Programme Design of variable pay programs4) Benefits Knowledge of working on insured and non insured benefits across geographies.5) Communication & Capacity Building Implement, improve, communicate local Compensation, Benefits Collaborate with HR Services to enable excellent administration of Compensation, Benefit policies, tools and processes. Refine standardized reports to relevant analysis Provide technical and process training to HR where applicable Create, Prepare, deliver local individual communication on global, local and strategicEducation and Experience Full time MBA (HR specialization preferred) Total HR experience of 6 8 years with minimum 4 years in C&B (mandatory)