The role will be responsible for driving compensation strategy, annual compensation planning, performance-linked rewards, compensation governance, job architecture, and market benchmarking while partnering closely with the Group HR COE to ensure enterprise-wide alignment. The incumbent will leverage compensation analytics, workforce insights, and digital reporting to enable data-driven decision-making and continuously strengthen the organization's Total Rewards framework.

Key Responsibilities

Total Rewards Strategy & Governance

- Design, implement, and continuously enhance the organization's Total Rewards strategy aligned with business objectives and Group HR COE guidelines.
- Develop and govern compensation philosophy, salary structures, pay ranges, compensation policies, and governance frameworks.
- Ensure compensation programs are externally competitive, internally equitable, financially sustainable, and aligned with business priorities.
- Drive compensation governance for promotions, transfers, new hires, internal movements, compensation exceptions, and salary approvals.
- Ensure compliance with statutory regulations, audit requirements, and internal compensation governance standards.

Annual Compensation Planning

- Lead the end-to-end Annual Compensation Review process, including merit planning, budgeting, salary increase recommendations, variable pay planning, and executive compensation analysis.
- Partner with HR, Finance, and Business Leaders to develop annual compensation budgets and optimize reward investments.
- Manage off-cycle compensation reviews, retention adjustments, market corrections, promotion increases, and critical talent interventions.
- Provide strategic recommendations to leadership on compensation investments, affordability, and market competitiveness.

Performance & Incentive Management

- Partner with business leaders and HR to strengthen the pay-for-performance philosophy across the organization.
- Design, review, and administer variable pay programs, productivity-linked incentive plans, retention programs, project incentives, and other performance-based reward initiatives.




- Partner with the Performance Management function to ensure reward outcomes are aligned with organizational and individual performance.
- Evaluate the effectiveness of compensation and incentive programs through measurable business and workforce outcomes.

Compensation Benchmarking & Market Intelligence

- Lead compensation benchmarking using leading market surveys and external data sources.
- Conduct market pricing, compensation modeling, pay positioning, and internal equity reviews.
- Monitor compensation trends, emerging reward practices, and industry benchmarks to recommend improvements to Total Rewards programs.
- Partner with Talent Acquisition to develop competitive compensation strategies for hiring critical talent.

Job Architecture & Career Framework

- Design and maintain the organization's Job Architecture, including Job Families, Job Levels, Job Hierarchy, Career Frameworks, and Role Mapping.
- Lead job evaluation exercises and ensure consistent role grading across the organization.
- Develop and maintain standardized job descriptions in collaboration with business leaders and HR Business Partners.
- Support organizational restructuring, workforce transformation, and organization design initiatives through effective compensation governance.

Equity & Long-Term Rewards

- Support the design, implementation, and governance of ESOPs, Long-Term Incentive Plans (LTIPs), and other strategic reward programs.
- Develop reward strategies that strengthen attraction, engagement, retention, and long-term value creation.

Benefits Management

- Design and continuously enhance employee benefits programs to ensure market competitiveness and employee value.
- Partner with external consultants, insurers, and benefits providers to optimize benefit offerings, employee experience, and cost effectiveness.
- Periodically review benefit utilization, cost trends,



and employee feedback to recommend improvements.

Compensation Analytics & Workforce Insights

- Lead Compensation Analytics and Workforce Analytics to support strategic business and people decisions.
- Develop executive dashboards using Power BI, advanced Excel, and HR Analytics tools to provide real-time insights into compensation and workforce metrics.
- Analyze compensation costs, merit spend, salary competitiveness, compa-ratios, pay mix, salary compression, pay inversion, internal equity, and reward effectiveness.
- Build predictive models and scenario analyses for annual compensation planning, workforce planning, hiring budgets, and retention investments.
- Monitor key metrics including compensation competitiveness, productivity incentives, attrition, offer acceptance, pay equity, reward ROI, and workforce productivity.
- Translate complex workforce and compensation data into meaningful insights, executive presentations, and strategic recommendations for leadership and Group HR COE.
- Drive automation and digitization of compensation reporting through HR systems, dashboards, and self-service analytics.

Stakeholder Management

- Partner closely with Group HR COE to ensure alignment with enterprise-wide reward philosophy, policies, and governance.
- Collaborate with HR Business Partners, Talent Acquisition, Payroll, Finance, Business Leaders, and senior leadership on compensation decisions and workforce planning.
- Provide expert guidance on compensation strategy, organization design, promotions, career progression, and retention strategies.

Continuous Improvement

- Continuously review compensation frameworks, policies, and reward programs to ensure alignment with evolving business needs and market practices.
- Identify opportunities to simplify, automate, and enhance compensation processes through technology and analytics.
- Lead strategic Total Rewards projects and support organizational transformation initiatives.

Required QualificationsEducation: Qualified QualificationTechnical Skills:

- Power BI
- HRIS
- Excel

Behavioral Competencies:

- Attention to Detail
- Collaboration
- Communication Skill
- Stakeholder Management

📌 Welspun GCC | Compensation & Benefits | Ahmedabad
🏢 Welspun World
📍 Ahmedabad