JobDescription–CompensationandRewardsLeader
PositionSummary

The
CompensationandRewardsLeader
is responsible for designing, implementing, and managing the organization's compensation, perks, recognition,andrewardsprogramstoattract,retain,andmotivatetalent.Thisroleensuresmarketcompetitiveness,internalequity,regulatorycompliance,andalignmentofrewardstrategieswithbusinessobjectives.

Theincumbentwillworkcloselywithbusinessleaders,HR,Finance,Payroll,andexternalpartnerstodrivecompensationstrategy,benefitsoptimization,paygovernance,performancemanagement,andemployeevaluepropositioninitiatives.
KeyResponsibilities

CompensationStrategy&Management;
Developandimplementtheorganization'scompensationphilosophyandrewardsstrategy.
Leadannualcompensationreviewcycles,includingmeritincreases,promotions,marketcorrections,andsalarystructurereviews.
Designandmanagejobevaluation,jobgrading,andcareerarchitectureframeworks.
Conductsalarybenchmarkingstudiesandmarketcompetitivenessassessments.
Analyzecompensationtrendsandrecommendimprovementstomaintainexternalcompetitivenessandinternalequity.




Reviewandmaintainsalaryranges,compensationpolicies,andgovernanceframeworks.
DrivethePerformanceManagementSystem(PMS)andsupportoverallHRoperations.

VariablePay&IncentivePrograms;
Design,implement,andadministershort-termincentiveandvariablepayprograms.
Manageannualbonusplans,retentionbonuses,andspecialrewardinitiatives.
Evaluatetheeffectivenessofincentiveprogramsandrecommendenhancementsalignedwithbusinessgoals.
Ensurestronglinkagebetweenperformanceoutcomesandrewardprograms.

BenefitsManagement
Leademployeebenefitsstrategyandadministration,including:
HealthInsurance
LifeandAccidentInsurance
WellnessPrograms
FlexibleBenefits
Monitorbenefitutilizationandvendorperformance.
Conductperiodicbenchmarkingandcost-benefitanalyses.
Partnerwithbrokers,consultants,andproviderstooptimizebenefitscostandemployeeexperience.

Compliance&Governance;
Ensurecompliancewithlaborlaws,wager

📌 Manager Bengaluru
🏢 LG Electronics
📍 Bengaluru