Welspun GCC | Compensation & Benefits | Ahmedabad

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: Professional QualificationTechnical Skills:

• Power BI
• HRIS
• Excel

Behavioral Competencies:

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