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Manager
LG Electronics
Bengaluru, IND
Manager
Discovered 2 weeks ago
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PositionSummary
The CompensationandRewardsLeader is responsible for designing, implementing, and managing the organization's compensation, benefits, recognition,andrewardsprogramstoattract,retain,andmotivatetalent.Thisroleensuresmarketcompetitiveness,internalequity,regulatorycompliance,andalignmentofrewardstrategieswithbusinessobjectives.
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
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