JobDescription–CompensationandRewardsExecutive PositionSummary The person is responsible for designing, implementing, and managing the organization's compensation, advantages, 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,wageregulations,taxrequirements,andstatutoryobligations.
• Developandmaintaincompensationandbenefitspolicies.
• Supportinternalandexternalauditsrelatedtorewardsprograms.
• Monitorregulatorydevelopmentsandtheirimpactoncompensationandbenefitspractices. HRAnalytics&Insights;
• Developdashboardsandreportscovering:
• CompensationPositioning
• AttritionAnalysis
• BenefitsUtilization
• PayEquity
• Generateactionableinsightsandrecommendationsforleadershipteams.
• Prepareexecutive-levelcompensationreportsandboardpresentations. StakeholderManagement
• CollaboratewithHRBusinessPartners,Finance,Payroll,TalentAcquisition,andbusinessleaders.
• Serveasatrustedadvisoroncompensationandrewardsmatters.
• Presentrecommendationsandbusinesscasestoseniorleadership.
• Managerelationshipswithcompensationconsultantsandbenefitsvendors. EmployeeExperience&Communication;
• Developcommunicationstrategiestoenhanceemployeeunderstandingofcompensationandrewardsprograms.
• Strengthentheemployeevaluepropositionthroughinnovativerewardandrecognitioninitiatives.
• Driveemployeerecognition,engagement,andwell-beingprograms. TeamLeadership
• Lead,coach,anddeveloptheCompensationandRewardsteam.
• Establishteamgoals,performancemetrics,andcapability-buildingplans.
• Driveprocessimprovements,digitization,andautomationinitiativesacrossrewardsoperations.

📌 HR Compensation (Bengaluru)
🏢 LG Electronics
📍 Bengaluru