Total Rewards Manager

Total Rewards Manager

The Total Rewards Manager is responsible for developing, implementing, and managing the organization's compensation and benefits programs. This role ensures that the total rewards strategy aligns with the company's business objectives, attracts, and retains top talent, and maintains competitiveness in the market.

Key Responsibilities :

Compensation Strategy:

• Implement a comprehensive compensation strategy that aligns with the organization's goals and market trends.
• Conduct regular market analyses to ensure the organization's salary and bonus structures remain competitive.

Benefits Administration:

• Manage the design, implementation, and administration of employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
• Stay informed about industry trends and regulatory changes to ensure compliance with relevant laws and standards.

Performance Management:

• Collaborate with HR and business leaders to link performance management processes with the overall total rewards strategy.
• Implement and oversee performance-based incentive programs to drive employee engagement and productivity.

Job Evaluation and Grading:

• Establish and maintain a job evaluation and grading system to ensure internal equity and consistency in compensation structures.
• Evaluate new and existing positions to determine appropriate salary ranges.

Communication and Education:

• Develop and implement communication strategies to educate HR and employees about the organization's total rewards programs.
• Provide guidance and training to HR and management on compensation and benefits-related matters.

Data Analysis and Reporting:

• Analyze compensation and benefits data to identify trends, areas for improvement, and cost-saving opportunities.
• Prepare regular reports for senior management to assess the effectiveness of total rewards programs.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, or related field; Masters degree or relevant certification (e.g., Certified Compensation Professional) is a plus.
• Proven experience as a Total Rewards Manager or in a similar compensation and benefits role.
• Strong knowledge of compensation and benefits principles, regulations, and market trends.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to collaborate with cross-functional teams and senior leadership.