Key responsibilities will include:
Base pay management:
Driving annual salary benchmarking process and demonstrating the benchmarks to guide the development of salary ranges
Preparation, Planning & Execution of annual and off-cycle salary review cycles – supporting the annual salary review budget finalization process, development and deployment of salary increase guidelines, monitoring & controlling salary spend within budget
Short term & Long-Term Variable Pay:
- Ensure that annual targets assigned to employees for short term variable (STV) pay are in alignment with the agreed target-setups for the calendar year
- Drive payroll & HRMS data quality impacting variable pay payout in conjunction with the payroll team and respective country HR teams
- Collaborate with Finance to ensure target achievements are accurately updated within requisite global deadlines to reflect accurate payouts against annual STV pay targets in the target library
- Validate the annual short-term variable pays payouts to ensure accuracy and timely payouts as per defined timelines
- Support the Global and Market Area total rewards team and country People Function teams in driving the Long-Term Variable pay plan annual nominations
- Support in closure / reconciliation of any queries from employee(s) and / or People Business Partners on payout against Variable Pay plans.
Employee Recognition:
- Collaborate with Country People Function teams, Marketing & Communications, vendor and managers to continually support in reinforcing employee recognition (monetary & non-monetary) into the cultural tapestry of organization through useful insights drawn from the employee recognition data, focused group discussions, employee engagement surveys etc.
- Support the process for annual R&R budget
- Drive governance on budget vs spend reconciliation, monitor and report on important metrics and draw practical insights to share with People Business Partners to enhance the health of R&R program
Projects:
Work cross-functionally with SME teams across Talent Acquisition, Learning & Development, Work force Planning & Analysis, Talent Management, People Business Partners and Payroll & Delivery teams on various People Function process improvement projects.