HR Compensation & Operations Manager

LG Electronics; Bengaluru; On-site; INR 2,000,000 - 3,600,000; Full time

Job summary

LG Electronics Bengaluru seeks a Compensation and Rewards Executive to design and manage the organization’s compensation, benefits, recognition, and rewards programs, ensuring market competitiveness and internal equity.

You will partner with HR, Finance, Payroll and external partners to drive compensation strategy, governance, PMS, and employee value proposition initiatives, including benefits optimization and compliance.

Qualifications

• Design, implement, and manage compensation, benefits, recognition, and rewards programs.
• Ensure market competitiveness, internal equity, regulatory compliance.
• Collaborate with business leaders, HR, Finance, Payroll and external partners.

Responsibilities

• Drive compensation strategy and governance.
• Lead annual compensation review cycles, including merit increases and salary structure reviews.
• Design and manage job evaluation, job grading, and career architecture frameworks.
• Conduct salary benchmarking studies and market competitiveness assessments.

Skills

Compensation strategy

Performance management

HR analytics

Stakeholder management

Job description

• Conductsalarybenchmarkingstudiesandmarketcompetitivenessassessments.
• Ensurestronglinkagebetweenperformanceoutcomesandrewardprograms.

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.

KeyResponsibilities

Theincumbentwillworkcloselywithbusinessleaders,HR,Finance,Payroll,andexternalpartnerstodrivecompensationstrategy,benefitsoptimization,paygovernance,performancemanagement,andemployeevaluepropositioninitiatives.

CompensationStrategy&Management

• Developandimplementtheorganization'scompensationphilosophyandrewardsstrategy.
• Leadannualcompensationreviewcycles,includingmeritincreases,promotions,marketcorrections,andsalarystructurereviews.
• Designandmanagejobevaluation,jobgrading,andcareerarchitectureframeworks.
• Conductsalarybenchmarkingstudiesandmarketcompetitivenessassessments.
• Analyzecompensationtrendsandrecommendimprovementstomaintainexternalcompetitivenessandinternalequity.
• Reviewandmaintainsalaryranges,compensationpolicies,andgovernanceframeworks.
• DrivethePerformanceManagementSystem(PMS)andsupportoverallHRoperations.

VariablePay&IncentivePrograms

• Design,implement,andadministershort-termincentiveandvariablepayprograms.
• Manageannualbonusplans,retentionbonuses,andspecialrewardinitiatives.
• Evaluatetheeffectivenessofincentiveprogramsandrecommendenhancementsalignedwithbusinessgoals.
• Ensurestronglinkagebetweenperformanceoutcomesandrewardprograms.

BenefitsManagement

• Leademployeebenefitsstrategyandadministration,including:
  • HealthInsurance
  • LifeandAccidentInsurance
  • WellnessPrograms
  • FlexibleBenefits
• Monitorbenefitutilizationandvendorperformance.
• Conductperiodicbenchmarkingandcost-benefitanalyses.
• Partnerwithbrokers,consultants,andproviderstooptimizebenefitscostandemployeeexperience.

Compliance&Governance

• Ensurecompliancewithlaborlaws,wageregulations,taxrequirements,andstatutoryobligations.
• Developandmaintaincompensationandbenefitspolicies.
• Supportinternalandexternalauditsrelatedtorewardsprograms.
• Monitorregulatorydevelopmentsandtheirimpactoncompensationandbenefitspractices.

HRAnalytics&Insights

• Developdashboardsandreportscovering:
  • CompensationPositioning
  • AttritionAnalysis
  • BenefitsUtilization
  • PayEquity
• Generateactionableinsightsandrecommendationsforleadershipteams.
• Prepareexecutive-levelcompensationreportsandboardpresentations.

StakeholderManagement

• CollaboratewithHRBusinessPartners,Finance,Payroll,TalentAcquisition,andbusinessleaders.
• Serveasatrustedadvisoroncompensationandrewardsmatters.
• Presentrecommendationsandbusinesscasestoseniorleadership.
• Managerelationshipswithcompensationconsultantsandbenefitsvendors.

EmployeeExperience&Communication

• Developcommunicationstrategiestoenhanceemployeeunderstandingofcompensationandrewardsprograms.
• Strengthentheemployeevaluepropositionthroughinnovativerewardandrecognitioninitiatives.
• Driveemployeerecognition,engagement,andwell-beingprograms.

TeamLeadership

• Lead,coach,anddeveloptheCompensationandRewardsteam.
• Establishteamgoals,performancemetrics,andcapability-buildingplans.
• Driveprocessimprovements,digitization,andautomationinitiativesacrossrewardsoperations.