Senior Specialist, Reward

Randstad; Hyderabad; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Randstad is seeking a Compensation & Benefits professional to support salary structures, bonus schemes, and benefits programs. The role focuses on data analysis, reporting, and policy maintenance to drive fair and competitive rewards across the organization.

You will collaborate with HR, Finance, and management to ensure accurate reward data, compliant practices, and effective communication of policies to employees.

Qualifications

• Assist in administration of salary structures, bonus schemes, and benefits programs.
• Analyze compensation and benefits data to provide insights into pay equity, trends, and areas for improvement.
• Ensure compliance with local and international regulations related to compensation and benefits.

Responsibilities

• Prepare and present market data insights to HR leaders and management to inform decision-making on pay and benefits.
• Develop and maintain reports and dashboards on compensation and benefits metrics, ensuring data accuracy.
• Support the yearly salary reviews, bonus allocations, and incentive program processes.
• Maintain/update Reward policy documents and intranet pages.
• Coordinate with HR and Finance to align reward data across systems.

Job description

Every year, we help hundreds of thousands of people find rewarding jobs in the ever-changing world of work. We understand the importance of a job in peoples lifes and we want to help them find work that feels good. And we'll help them continue to grow as their needs and ambitions change.

At Randstad, our value comes from our people and that is why we put them first. We are proud of our learning culture and career architecture framework that encourages ours team to develop both personally and professionally. We believe that talent grows when presented with opportunity and this is why we encourage our people to think beyond their role. We have created a culture that enables talent to flourish, encouraging entrepreneurship, fostering team spirit, and continually building mutual trust.

Compensation & Benefits Administration

• Assist in the administration of salary structures, bonus schemes, and employee benefits programs.
• Manage the data collection and analysis for salary benchmarking, ensuring the organization remains competitive within the market.
• Support annual salary reviews, bonus allocations, and incentive program processes.
• Prepare and present market data insights to HR leaders and management to inform decision-making on pay and benefits.

Data Analysis & Reporting

• Analyze compensation and benefits data to provide insights into pay equity, trends, and areas for improvement.
• Develop and maintain reports and dashboards on compensation and benefits metrics, ensuring data accuracy.
• Support the preparation of compensation-related communication materials for managers and employees.
• Support the team by maintaining/updating the Reward policy documents.
• Support the team by maintaining/updating the Reward intranet page.
• Reward data management in our HRIS.
• Running reports out of the HRIS for several purposes (e.g. Non-Financial KPIs, Salary Review, etc.)
• Create/maintain supporting material for managers / HR team members with regards to (new) processes.

Policy & Process Support

• Assist with the development and implementation of compensation policies and processes.
• Ensure compliance with local and international legal regulations, such as tax and labor laws, related to compensation and benefits.

Employee Support & Communication

• Provide guidance to employees and managers regarding compensation policies, benefit options, and reward-related queries.
• Act as a liaison for employees on reward-related matters, addressing concerns and helping clarify policy details.

Project Support

• Support special compensation and benefits projects, such as implementing new reward programs or upgrading HRIS systems.
• Assist with global mobility and relocation processes when required.

Yearly/recurring processes

• Work on yearly Rewards processes: Salary Review and Bonus.
• Monitor progress of the yearly processes.
• Make sure everyone has the correct bonus scheme, bonus percentage and bonus letter (incl. role changes and new joiners).
• Be the first point of contact when questions come in through the ticketing system.

Stakeholder management

• Work closely with the HR Data team to ensure correct Reward data of our employees. This data will be used for the yearly processes and therefore it's crucial that it's accurate.
• Work closely with the finance team to ensure close alignment between HR and Finance data and to ensure bonus schemes are accurately tracked, and payments are made correctly and on time
• Communicate clearly to different stakeholder groups what is expected from them (e.g. to managers / leaders, all employees, HRBPs, etc.)
• Chase different stakeholder groups when required