Job Description
Rewards Lead
Experience: 5–10 Years
Location: Mumbai
Industry: Banking / BFSI
Job Overview:
A leading bank is looking for an experienced Rewards Lead to manage and drive its Compensation & Benefits (C&B) and Total Rewards functions. The ideal candidate should have strong expertise in compensation planning, salary benchmarking, rewards frameworks, and benefits management. The role involves partnering with HR Business Partners, Talent Acquisition teams, and business leaders to ensure competitive and effective compensation practices.
Key Responsibilities:
Drive the annual compensation and benefits cycle, including budgeting, increments, bonuses, and performance-linked pay.
Lead compensation benchmarking, market intelligence, and salary analysis to ensure external competitiveness.
Manage day-to-day rewards activities, compensation planning, and annual salary reviews.
Design and review compensation structures, salary bands, and rewards frameworks.
Oversee benefits management, policy reviews, and employee rewards programmes.
Partner with HRBPs, Talent Acquisition, and business leaders on compensation-related decisions.
Ensure strong governance, data accuracy, and compliance across rewards processes.
Analyse compensation data and provide insights to support strategic rewards decisions.
Required Skills and Qualifications:
5–10 years of experience in Compensation & Benefits or Total Rewards.
Experience in the BFSI sector will be preferred.
Strong understanding of compensation benchmarking, rewards frameworks, and C&B processes.
Excellent analytical and problem-solving skills.
Strong stakeholder management and communication capabilities.
Ability to manage compensation planning and rewards processes effectively.
Interested candidates with relevant experience in Compensation & Benefits and Total Rewards are encouraged to apply.
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