Senior Manager – Total Rewards(NCS/Job/ 1767)

Senior Manager – Total Rewards to lead the design, implementation, and governance of our compensation and benefits programs across India. The role will partner closely with business leaders, HR Business Partners, and global Total Rewards teams to ensure market-competitive, equitable, and scalable total rewards solutions that attract, retain, and motivate top talent.

Key Responsibilities:

Compensation Strategy & Management

• Design and manage the compensation structure, salary bands, and job grading in alignment with global frameworks and local market practices.
• Conduct benchmarking and participate in annual market surveys (e.g., Mercer, Aon, Willis Towers Watson).
• Drive annual compensation planning processes including salary reviews, bonus planning, and long-term incentives.
• Advise on pay-for-performance, equity programs, and executive compensation for the India business.

Benefits & Wellness Programs

• Lead the design, evaluation, and administration of employee benefits programs, including health insurance, wellness initiatives, retirement plans (e.g., PF, gratuity), and voluntary benefits.
• Ensure programs are compliant with local regulations and competitive in the market.
• Partner with external vendors and internal stakeholders to deliver cost-effective and employee-centric benefits.

Governance & Compliance

• Ensure total rewards programs comply with Indian labour laws, tax regulations, and internal policies.
• Drive audits, risk assessments, and documentation for compensation and benefits practices.

Analytics & Reporting

• Provide data-driven insights and reports to support HR and business decisions.
• Track key metrics related to compensation equity, benefits utilization, and cost optimization.

Stakeholder Engagement

• Serve as the subject matter expert for all compensation and benefits matters in India.
• Provide consultation and training to HR and managers on total rewards philosophies and tools.
• Collaborate with regional/global Total Rewards teams to align on global strategy and local implementation.

Qualifications:

• Bachelor’s degree in Human Resources, Business, Finance, or related field; MBA or HR-related master’s degree preferred.
• 12 + years of progressive experience in Compensation & Benefits or Total Rewards, preferably in multinational organizations.Around 15 yrs
• Strong understanding of Indian compensation laws, benefits regulations, and market practices.
• Experience with compensation surveys, salary structure design, and benefits program management.
• Proficiency in Excel, HRIS platforms (e.g., Workday), and data analytics.
• Excellent communication, consulting, and stakeholder management skills.

Preferred Skills:

• Certified Compensation Professional (CCP) or similar credentials.
• Experience in leading total rewards projects across multiple geographies or in a shared services environment.