Total Rewards Manager

Ernst & Young LLP ( EY India ); Bengaluru; On-site; INR 2,000,000 - 3,000,000; Full time

Benefits offered by this job

Continuous learning

Career growth

Leadership coaching

Diversity & inclusion

Job summary

EY GDS India seeks a Manager- Total Rewards to support the Total Rewards portfolio, including benefits, wellness and policies, across specific business units. You will contribute to annual reward budgeting, benchmarking and reviews, partnering with Talent teams and management to address compensation matters and promote the total compensation philosophy.

You will drive compensation design, fixed/variable pay levels, and process improvements while coordinating with multiple stakeholders in a

Qualifications

• Graduate or post graduate qualification with 8-10 years of compensation and benefits experience.
• Experience in managing and mentoring teams.
• Strong understanding of compensation and benefits systems and Indian laws.
• Excellent analytical, problem-solving and quantitative skills; capable of planning, execution and auditing work.
• Strong project management skills with ability to handle multiple projects.
• Ability to design tools/models to interpret data; ability to customize scalable solutions.

Responsibilities

• Support the life cycle of compensation activities: benchmarking, budgeting, increases and bonuses.
• Build networks for market intelligence and benchmarking sources.
• Analyze Recruitment and Talent retention data; provide root-cause analysis and recommendations.
• Perform ad hoc costing, program effectiveness and trend analyses.
• Participate in compensation and benefits surveys to assess in-country market position.
• Guide change management and collaborate with Procurement and Risk as needed.

Skills

Total Rewards

Analytical skills

Communication skills

Matrix organization

Networking

Self-starter

Education

Graduate or post graduate qualification

Job description

Manager- Total Rewards

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

If you are looking for a challenging and rewarding career experience as a Total Rewards professional in a high-growth organization, we have a role here. In EY GDS we value wellbeing, curiosity and agility as an individual. We create teams of inspiring, teaming and belonging. We care for our business, society and client. Our purpose is building a better working world. Does that resonate with you? We look forward to working with you.

The opportunity

You are expected to support the Total Rewards portfolio for specific businesses along with Benefits, wellness and Policies portfolio for GDS India Activities. You will also be supporting the Annual Reward cycle budgeting benchmarking and annual review process. You will proactively partner with other Talent teams and business line management to identify and address compensation issues and evangelize the total compensation philosophy and strategy to key stakeholders. You will effectively partner with other Talent teams and business clients to manage, consult on compensation and benefit-related issues. Provide guidance to the business and develop creative solutions on a variety of total compensation issues including the setting of appropriate fixed pay, variable pay levels.

Your key responsibilities

• You will support the assigned lead in the entire life cycle of compensation activities ranging from Compensation benchmarking, budgeting, increase and bonus cycles.
• You will be accountable to build and tap existing networks for sources of Market intelligence
• You will build strong network and be able to assess the pulse of Recruitment and Talent retention data points and be able to support with Root cause analysis, findings and recommendations for a program.
• Perform ad hoc analysis for costing, program effectiveness and trend purposes
• Identify, select and participate in compensation and benefits surveys to analyse the company’s competitive market position for each in-country location
• Look for opportunities to do Technology transformation in process areas and steps.
• Ensure deep dive analysis, ROI of all compensation interventions.
• Help in the change management process and communicate the same to the larger employees.
• Partnering with Procurement and Risk management as and when necessary when new service providers are signed up for.
• Has to be fiscally responsible for the program budgets.
• Will be accountable for the judicious use of budgets towards program Evaluate and compare existing benefit programs to identify key differences and possible areas of alignment
• Transforming existing benefit programs by recommending design changes that would work from Global, local cultural perspective and cutting through a diverse workforce.

Skills and attributes for success

• A self-starter and initiate taker Should be able to tap into local networks to identify Total Rewards program opportunities Must possess strong verbal, written and interpersonal skills for internal presentations.
• Ability to seek out information, clearly communicate information and requests and provide quality advice
• Ability to effectively manage communication and relationships in a highly matrix organization structure
• Demonstrate the ability to highly network and also look for opportunities to attend external forums.

To qualify for the role, you must have Graduate or a post graduate qualification 8 -10 years of proven compensation and benefits experience Experience in managing and mentoring teams Good understanding of the principles and practices of compensation and benefits systems and legislation in India Knows basic taxation laws applying to compensation in India Strong analytical, problem solving skills and quantitative skills and a track record for planning, doing and auditing work; Ideally, you’ll also have Strong project management skills and ability to manage multiple projects and priorities at once Ability to create tools and models to interpret and analyse data Should be able to understand the nuances of diverse businesses and able to develop solutions that may look customized yet is scalable and can be made consistent Extensive understanding of industry wide Total Rewards programs and how it would work Able to systematically break down problems or processes into their parts and develop several alternative solutions

What we look for

• Be an enabler of high-performance Talent team.
• Highly detail driven with emphasis on accuracy, coupled with the ability to see the broader/big picture
• Keen interest to invest time for self-learning, seeking opportunities to work on cross-functional HR projects
• Working collaboratively in a team environment
• Comfortable working in a highly matrixed environment

What we offer

EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. We work across six locations – Argentina, China, India, the Philippines, Poland and the UK – and with teams from all EY service lines, geographies and sectors, playing a vital role in the delivery of the EY growth strategy. From accountants to coders to advisory consultants, we offer a wide variety of fulfilling career opportunities that span all business disciplines. In GDS, you will collaborate with EY teams on exciting projects and work with well-known brands from across the globe. We’ll introduce you to an ever-expanding ecosystem of people, learning, skills and insights that will stay with you throughout your career.

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you : We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership : We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

Experience Level Mid Level