Rewards Specialist
Rewards Specialist
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Job Description
Job Summary
We are seeking an experienced and dynamic Rewards Specialist for delivering and managing end to end compensation programs. Your responsibilities include planning and executing compensation programs in the company directly with the managers and business users in partnership with the business HR to ensure a smooth and timely process execution across our countries of operation.
Roles & Responsibilities
Annual Increments & Compensation Cycles
- Lead the endtoend execution of annual salary review and increment cycles including planning budgeting system readiness and communication.
- Analyze internal and external compensation data to make informed recommendations on salary adjustments promotions and market corrections.
- Partner with HRBPs and business leaders to ensure alignment of compensation decisions with performance outcomes and budget constraints.
Compensation Benchmarking & Market Analysis
- Participate in global compensation surveys and analyze results to assess the companys market competitiveness.
- Maintain salary structures and pay ranges based on market data and internal equity.
- Provide insights and recommendations on new hire offers internal mobility and retention strategies.
Collaboration & Stakeholder Engagement
- Collaborate with Talent Acquisition HR Business Partners and business leaders to address compensationrelated queries and challenges.
- Educate stakeholders on compensation philosophy policies and tools to drive transparency and consistency.
Systems & Process Optimization
- Work with HR Systems to implement integrations and enhancements that support compensation and benefits processes.
- Conduct regular audits on compensation and benefits data to ensure accuracy and compliance.
- Recommend and implement process improvements to enhance the speed and quality of rewards delivery.
Qualifications :
Educational qualification
Post Graduation in Management/MBA in Human Resource
Minimum work Experience
58 years of experience on in compensation with an indepth knowledge of core compensation terminology and best practices.
Skills & attributes
Technical Skills
- Should have managed Rewards for a region/country independently.
- Proven track record of establishing trusted relationships with key HR and business leaders.
- Experience in Talent Management project management budget management Stakeholder and vendor management.
- Understanding of business drivers levers and metrics and demonstrated understanding of organizational mechanics and influence.
Behavioural Skills
- Excellent communication and interpersonal skills.
- Proactive Leadership skills attention to detail and BigPicture thinking:
- Excellent at networking and leveraging relationships.
- Collaborative Skill sets and result oriented.
- Strong analytical and problemsolving abilities.
- Excellent Time Management and organisation skills
Additional Information :
About the Department Human Resources
The Human Resources department at Dr. Reddys Laboratories is the organizational heartbeat dedicated to fostering a positive and inclusive work environment for their 24000 employees. As a wellexecuted Human Resources (HR) team we foster a positive and productive workplace. Effective HR practices are involved in recruiting and retaining top talent providing comprehensive employee development programs and ensuring fair and transparent policies.
The robust HR department at Dr. Reddys is cultivating a culture of open communication employee engagement and diversity and inclusion. Moreover it plays a crucial role in conflict resolution fostering a healthy work environment and aligns organizational goals with the wellbeing and professional growth of its employees contributing significantly to overall company success.
Benefits Offered
At Dr. Reddys we actively help to catalyze your career growth and professional development through personalized learning programs. The benefits you will enjoy at Dr. Reddys are on par with the best industry standards. They include among other things and other essential equipment joining & relocation support family support (Maternity & Paternity benefits) learning and development opportunities medical coverage for yourself and your family life coverage for yourself.
Our Work Culture
Ask any employee at Dr. Reddys why they come to work every day and theyll say because Good Health Cant Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations but as a means to help patients lead healthier lives and were always attuned to the new and the next to empower people to stay fit. And to do this we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system they can make magic.
For more details please visit our career website at Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
