Key Responsibilities:
• Overall planning of compensation – Budgeting/ forecasting, ensuring inputs to relevant finance teams to build rate cards.
• Program manages compensation planning for the entity.
• Designs pieces of complex compensation programs, resulting in significant and long-term changes to the company’s compensation offerings and policies, ensuring optimal budget utilization.
• Oversees the implementation of specific components of complex and large-scale global compensation initiatives, ensuring appropriate local implementation in the context of global guidelines.
• Designs and develops training, education and communication materials for the implementation of global/ local compensation programs.
• Drives resolution of compensation issues, and independently makes recommendation for optimal solution in situations where issue is complex.
• Manages customer relationships with contacts from human resources, finance and the business, and builds new relationships outside team where appropriate.
• Serves as an SME and advisor to HR and recruitment teams as needed in all aspects of compensation design, planning and administration processes, and counseling on customization of programs at a local level.
• Applies comprehensive functional knowledge in compensation and serves as a senior resource providing guidance to less experienced team members.
• Develops and shares knowledge capital in the compensation area.
• Provides input to capital budgeting for area and ensures that team adheres to budget.
• Help in toolset implementation for the compensation function in respective area.