24 Oct
|
BMW TechWorks India
|
Pune
24 Oct
BMW TechWorks India
Pune
About BMW TechWorks India
BMW TechWorks India (BTI) is the global capability centre supporting BMW Group's digital transformation, engineering excellence, and technology innovation agenda. As a rapidly growing organization, BTI is building a future-ready workforce supported by market-leading compensation, benefits, mobility, and rewards programs aligned with global standards and local regulatory requirements. BTI's Total Rewards function owns compensation strategy, salary architecture, benefits governance, workforce analytics, insurance programs, and executive reward advisory.
Role Summary The Total Rewards Lead will be responsible for driving compensation strategy, rewards governance, perks management, market benchmarking, workforce analytics, and annual reward programs across BMW TechWorks India.
This role will partner closely with Business Leaders, Finance, HRBPs, Talent Acquisition, & HR Operations to ensure BTI's rewards framework remains competitive, equitable, compliant, and aligned with organizational growth objectives.
The position will also act as a strategic advisor to leadership on workforce economics, retention strategies, compensation planning, pay governance, and employee benefits optimization.
Key Responsibilities
Compensation & Rewards Strategy
- Assist compensation philosophy implementation and governance.
- Manage salary structures, pay ranges, job architecture, and compensation frameworks.
- Conduct internal equity reviews and pay positioning analysis.
- Assist in compensation fitments and offer governance for lateral and leadership hiring.
- Design and administer annual compensation review cycles.
- Drive reward governance across fixed pay, variable pay, retention, and incentive programs.
Benefits & Insurance
- Manage comprehensive employee benefits programs including:
- Group Medical Insurance
- Life Insurance
- Personal Accident Insurance
- Assist insurance renewals, broker evaluations, and insurer assessments.
- Govern vendor relationships and benefits service delivery.
- Benchmark industry practices and introduce innovative employee benefit solutions.
Annual Incentive & Variable Pay Programs
- Support design and execution of annual incentive plans.
- Govern performance payout calculations and communication.
- Perform analytics on reward effectiveness and retention impact.
Workforce Analytics & Reward Insights
- Build and maintain compensation, benefits, and workforce dashboards.
- Generate executive-ready analytics and business insights.
- Monitor attrition, offer competitiveness, hiring trends, pay ratios, and reward effectiveness.
- Present actionable recommendations to HR and business leadership.
Market Benchmarking
- Lead participation in compensation surveys.
- Benchmark BTI against GCC, IT, and engineering market peers.
- Deliver recommendations on market positioning, salary movement, and benefits competitiveness.
Compliance & Governance
- Ensure compliance with:
- Code on Wages
- Code on Social Security
- Provident Fund regulations
- Gratuity regulations
- Statutory Benefit requirements
- Establish reward governance controls and audit readiness.
Strategic Projects
- Drive reward transformation initiatives.
- Support implementation of compensation technologies and analytics platforms.
- Lead initiatives related to
- Recognition programs
- Retention frameworks
- Mobility compensation reviews
- Pay transparency
- Rewards digitization
Required Qualifications
Education
- MBA / PGDM in HR, Finance, or equivalent preferred.
- Bachelor's degree required.
Experience
- 7-15 years of Compensation & Benefits / Total Rewards experience.
- Experience within
- GCCs
- Technology organizations
- Engineering organizations
- Automotive or manufacturing GCC environments preferred.
- Proven experience managing annual compensation cycles.
- Strong exposure to benefits design and insurance programs.
Technical Competencies
Compensation
- Salary structuring
- Job evaluation
- Job architecture
- Market benchmarking
- Compensation planning
- Incentive design
Benefits
- Insurance management
- FBP administration
- Retirement benefit programs
- Vendor governance
Analytics
- Advanced Excel
- Power BI
- Dashboards & Reporting
- Workforce Analytics
- Reward cost modelling
Regulatory Knowledge
- Labour Codes
- Provident Fund
- Gratuity
- Bonus
- Tax-efficient compensation design
Leadership Competencies
- Strategic thinking
- Business acumen
- Executive stakeholder management
- Data-driven decision making
- Problem solving
- Change leadership
- Project management
- Influencing and negotiation
- Excellent communication and presentation skills
Success Measures (First 12 Months)
- Successful annual compensation review execution.
- Improved salary competitiveness and pay governance.
- Optimization of insurance and benefits programs.
- Enhanced reward analytics and leadership dashboards.
- Improved offer turnaround and compensation governance.
- Strengthened retention and rewards effectiveness.
- Successful delivery of BTI Total Rewards strategic roadmap.
📌 Total Rewards Specialist (Pune)
🏢 BMW TechWorks India
📍 Pune