Principal - Compensation & Benefits

About this role

• Compensation Structure,
• Compensation Design,
• Compensation Modelling,
• Executive remuneration,
• Bonus Plan,
• Incentive Plan,
• Allowances Design,
• Structuring Hiring Grids,
• Compensation budgeting,
• HR due diligence,
• Merger and Acquisition,
• Compensation and Benefits Harmonization.  Design compensation structures/models, allowances, salary ranges, long & short term incentive programs, policy formulation across group entities  Budgeting, financial impact analysis and scenario planning to evaluate optimal solutions and implementation plans  Refine market intelligence data to periodically benchmark compensation programs / processes in scope and recommend enhancements to improve their competitiveness.  Ensure that compensation practices are in compliance with current legislation  Design and deployment of various compensation programs to drive organizational performance through world-class practices of governance and employee experience  Large change / program management including those that affect the larger organization and drive business value  Lead key / strategic initiatives within the Practice  Independently resolve escalated compensation issues and recommend optimal solutions for issues with high complexity.  Develop and report metrics related to effectiveness of managed compensation programs / processes.  Engage with internal stakeholders and user groups to solicit actionable feedback on programs and recommend design improvements.  Develop targeted education programs and communication material on compensation offerings.