Total Rewards Lead

Job description Role : Total Rewards Lead India Location: Gurgaon Experience : 8-12 yrs Note: 5 days working from office Responsibilities: Total Rewards Strategy Development: Develop and refine the total rewards strategy to align with business objectives and talent strategies. Provide insights and recommendations on reward structures, trends, and enhancements to support business goals Custodian of budget (pay increase, bonus, incentive) Performance and Compensation Management: Lead the development and implementation of performance and compensation management processes to ensure alignment with business objectives and talent strategies. Develop and maintain a comprehensive understanding of company policies, procedures, and regulations related to compensation and benefits. Ensure compliance with all relevant laws and regulations. Provide guidance and support to managers on performance and compensation matters. Analyze and interpret data to inform compensation decisions. Identify opportunities for process improvements and implement changes as needed. Collaborate with HR Business Partners to develop and implement total rewards strategies that align with business objectives. Develop and maintain relationships with key stakeholders, including business leaders, HR teams, and employees. Ensure effective communication of total rewards strategies and initiatives to all stakeholders. Provide insights and recommendations on reward structures, trends, and enhancements to support business goals. Custodian of budget (pay increase, bonus, incentive) Key Performance Indicators: Measure the effectiveness of total rewards strategies and initiatives through key performance indicators such as employee engagement, retention, and satisfaction. Monitor and analyze data to inform compensation decisions and identify opportunities for process improvements. Develop and maintain a comprehensive understanding of company policies, procedures, and regulations related to compensation and benefits. Ensure compliance with all relevant laws and regulations. Provide guidance and support to managers on performance and compensation matters. Analyze and interpret data to inform compensation decisions. Identify opportunities for process improvements and implement changes as needed. Collaborate with HR Business Partners to develop and implement total rewards strategies that align with business objectives. Develop and maintain relationships with key stakeholders, including business leaders, HR teams, and employees. Ensure effective communication of total rewards strategies and initiatives to all stakeholders. Provide insights and recommendations on reward structures, trends, and enhancements to support business goals. Custodian of budget (pay increase, bonus, incentive)