HR Compensation & Operations Manager
LG Electronics · Bengaluru · onsite · Posted 4d ago
Not disclosedFresherfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
JobDescription–CompensationandRewardsExecutive
PositionSummary
The person is responsible for designing, implementing, and managing the organization's compensation, benefits, recognition,andrewardsprogramstoattract,retain,andmotivatetalent.Thisroleensuresmarketcompetitiveness,internalequity,regulatorycompliance,andalignmentofrewardstrategieswithbusinessobjectives.
Theincumbentwillworkcloselywithbusinessleaders,HR,Finance,Payroll,andexternalpartnerstodrivecompensationstrategy,benefitsoptimization,paygovernance,performancemanagement,andemployeevaluepropositioninitiatives.
KeyResponsibilities
CompensationStrategy&Management
PositionSummary
The person is responsible for designing, implementing, and managing the organization's compensation, benefits, 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.
- Design,implement,andadministershort-termincentiveandvariablepayprograms.
- Manageannualbonusplans,retentionbonuses,andspecialrewardinitiatives.
- Evaluatetheeffectivenessofincentiveprogramsandrecommendenhancementsalignedwithbusinessgoals.
- Ensurestronglinkagebetweenperformanceoutcomesandrewardprograms.
- Leademployeebenefitsstrategyandadministration,including:
- HealthInsurance
- LifeandAccidentInsurance
- WellnessPrograms
- FlexibleBenefits
- Monitorbenefitutilizationandvendorperformance.
- Conductperiodicbenchmarkingandcost-benefitanalyses.
- Partnerwithbrokers,consultants,andproviderstooptimizebenefitscostandemployeeexperience.
- Ensurecompliancewithlaborlaws,wageregulations,taxrequirements,andstatutoryobligations.
- Developandmaintaincompensationandbenefitspolicies.
- Supportinternalandexternalauditsrelatedtorewardsprograms.
- Monitorregulatorydevelopmentsandtheirimpactoncompensationandbenefitspractices.
- Developdashboardsandreportscovering:
- CompensationPositioning
- AttritionAnalysis
- BenefitsUtilization
- PayEquity
- Generateactionableinsightsandrecommendationsforleadershipteams.
- Prepareexecutive-levelcompensationreportsandboardpresentations.
- CollaboratewithHRBusinessPartners,Finance,Payroll,TalentAcquisition,andbusinessleaders.
- Serveasatrustedadvisoroncompensationandrewardsmatters.
- Presentrecommendationsandbusinesscasestoseniorleadership.
- Managerelationshipswithcompensationconsultantsandbenefitsvendors.
- Developcommunicationstrategiestoenhanceemployeeunderstandingofcompensationandrewardsprograms.
- Strengthentheemployeevaluepropositionthroughinnovativerewardandrecognitioninitiatives.
- Driveemployeerecognition,engagement,andwell-beingprograms.
- Lead,coach,anddeveloptheCompensationandRewardsteam.
- Establishteamgoals,performancemetrics,andcapability-buildingplans.
- Driveprocessimprovements,digitization,andautomationinitiativesacrossrewardsoperations.
Sourced from foundit
Skills
Compliance & Governance
About LG Electronics
LG Electronics
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