Total Rewards Specialist

Key Role: Manager, Total Rewards

This is a senior position in the organization's human resources department. The job holder will be responsible for designing and implementing a comprehensive total rewards strategy to attract, retain, and motivate employees.

We are seeking an experienced professional to lead our total rewards function. The successful candidate will have a proven track record of developing and implementing effective total rewards programs that drive business outcomes.

• Total Reward Management:
  • Represent the total rewards team in all compensation matters, including market midpoint analysis.
  • Advise the organisation on compliance requirements of reward policies, relevant systems and tools.
  • Support the Senior Management in the development of the reward strategy in line with the business strategy, ensuring market competitive remuneration for colleagues across the organisation.
  • Support in Identifying business needs/challenges from the Leadership or HR Business Partners (HRBPs) and help to interpret related needs to propose affordable and sustainable reward solutions for the business.
  • Analyze relevant market trends and data for comparison with the organisation's remuneration offerings and propose any changes or new reward element, ensuring the organisation's remuneration policies remain up to date for retention and attraction of desired talent.
  • Collaborate with relevant stakeholders for creating awareness on developed plans and timely/effective communication.
  • Establish the effectiveness of the organisation's attraction and retention strategy.
  • Review and evaluate performance of developed framework in line with existing strategies and policies.
  • Manage to analyze financial impact of total rewards program and design core measures to evaluate cost trends.
  • Establish plans using the insights obtained through advanced analytics, while following upon on certain issues such as market competitiveness, internal equity, etc.
  • Partner with Finance and HR Team leaders for the purpose of planning the annual budget process, preparation of budgets and forecasting from a compensation perspective.
  • Monitors the effectiveness of compensation and benefits programs and recommends modification to reduce costs and improve delivery.
  • Collaborates with other HR functions to contribute to a strategic delivery of total rewards program.
  Performance Management:
  • In collaboration with the Senior Manager Total Reward, management of the increment cycle including but not limited to preparation of options for performance rating/promotion wise increment and market adjustment within approved budget, seek leadership approval of increment options against performance rating, prepare letter formats / data for processing and handling any post increment queries.
  Stakeholder Management:
  • Work closely with Human Resources team, advising them on executive and expatriate compensation issues and supporting them in their efforts in communicating with executive team leaders.
  • Support in creating stakeholder acceptance on Reward Projects through providing business case as and when required.
  • Work with Finance / Procurement / IT to conduct a feasibility study of project proposals of the organisation. Receive proposal related queries from concerned stakeholders and its legal implications; Brief on the rationale to ensure resolution of identified issues.
  • Guide relevant departments on development of new systems/processes as per requirements to execute Reward projects and ensure all requirements are fulfilled and queries are resolved timely.
  Market Data Analysis:
  • Participate in and conduct market data surveys in collaboration with relevant consultancies.
  • Conceive and prepare analysis related to compensation & benefits, helping form the business case for Total Reward initiatives.
  Qualifications:
  • Masters degree in Human Resources or Finance.
  • A minimum of 5-7 years of experience with an exposure of direct management of Compensation, Incentives and Total Rewards, of which at least 2 years should pertain to development and maintenance of compensation programs (experience in faculty compensation would be an advantage).
  • Proven capabilities as a manager, with a proactive flexible and inclusive management style appropriate to the complexity and diversity of the organisation.
  • Experience in compensation and incentive plan design and implementation from the ground up.
  • Excellent analytical, problem solving and financial modelling ability.
  • Solid financial and computation abilities; must be accurate and disciplined in capturing details and maintaining records.
  • Ability to proactively 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 partner.
  • A high level of integrity; widely respected as one who is ethical and trustworthy.

This is an exciting opportunity for a motivated individual who is passionate about delivering exceptional results in a dynamic environment.

We offer a competitive salary and benefits package, along with opportunities for career growth and development.

The ideal candidate will have a strong understanding of total rewards concepts, principles and practices, as well as excellent communication and interpersonal skills.

They will also have the ability to work effectively in a fast-paced environment, think critically and solve complex problems.

If you are a results-driven professional who is looking for a challenging role with opportunities for growth and development, we encourage you to apply.

Full-time

Mid-Senior levelJob Function:

Analyst, Human Resources, and Strategy/Planning

Higher Education and Hospitals and Health Care