Senior Total Rewards Analyst

We are seeking an experienced Total Rewards Manager to join our team. This is a senior-level position that requires a proven track record of success in compensation and benefits administration.

As a Total Rewards Manager, you will be responsible for designing, implementing, and administering a comprehensive total rewards strategy and programs for Faculty and Staff.

You will bring an in-depth understanding of external best-practices, innovative trends and reward strategies, combined with the ability to execute and operationalize through a scalable mechanism.

• Total Reward Management:
  • Represent the total rewards team in all compensation matters, such as market midpoint analysis.
  • Advise on compliance requirements of reward policies, relevant systems and tools.
  • Support Senior Management in developing the reward strategy, ensuring market-competitive remuneration for colleagues.
  • Analyze relevant market trends and data for comparison with current remuneration offerings and propose changes or new reward elements.
  • Collaborate with stakeholders for creating awareness on developed plans and timely/effective communication.
  • Evaluate the effectiveness of attraction and retention strategies.
  • Review and evaluate performance of developed frameworks in line with existing strategies and policies.
  • Analyze financial impact of total rewards programs and design core measures to evaluate cost trends.
  • Establish plans using insights obtained through advanced analytics, considering market competitiveness, internal equity, etc.
• Performance Management:
  • Manage the increment cycle, including preparation of options for performance rating/promotion-wise increment and market adjustment within approved budget.
  • Seek leadership approval of increment options against performance rating.
• Stakeholder Management:
  • Work closely with Human Resources, advising on executive and expatriate compensation issues and supporting them in communicating with executive team leaders.
  • Create stakeholder acceptance on Reward Projects by providing business cases as required.
  • Conduct feasibility studies of project proposals with Finance/Procurement/IT and receive queries from concerned stakeholders.
  • Guide departments on development of new systems/processes as per requirements to execute Reward projects.
• Market Data Analysis:
  • Participate in and conduct market data surveys in collaboration with consultancies.
  • Prepare analysis related to compensation & benefits, helping form the business case for Total Reward initiatives.
  Requirements
  • Masters degree in Human Resources or Finance.
  • A minimum of 5-7 years of experience with direct management of Compensation, Incentives and Total Rewards, at least 2 years in development and maintenance of compensation programs.
  • Proven capabilities as a manager, with a proactive flexible and inclusive management style appropriate to the complexity and diversity of the organization.
  • Experience in compensation and incentive plan design and implementation from the ground up.
  • Excellent analytical, problem-solving and financial modeling ability.
  • Solid financial and computational abilities, with accuracy and discipline in capturing details and maintaining records.
  • Ability to develop team dynamics and performance, ensuring quality standards are consistently achieved.
  • Ability to build and maintain effective working relationships with all leaders and their HR partners.
  • A high level of integrity, widely respected as one who is ethical and trustworthy.
  Seniority Level
  • Mid-Senior level
  Employment Type
  • Full-time
  Job Function
  • Analyst, Human Resources, and Strategy/Planning
  • Industries: Higher Education and Hospitals and Health Care