Head of Rewards
- Ameriprise Financial
- 7 - 8 years
- Noida, Gurugram
- 8 months ago
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Job Description
As a member of the Global Total Rewards team, this role is responsible to lead the strategic design, implementation, and ongoing governance/ update of the compensation and benefit programs for Ameriprise presence in India. Incumbent to engage effectively with Senior Business Leaders, HR Business Partners, and other COE HR functions, as appropriate, to design, evaluate, and deploy Ameriprise Indias compensation and benefits strategies in alignment with the Company objectives, Reward philosophy of the enterprise, and local business requirements.
- Lead the annual Compensation and Benefits agenda for the organization, such as regular review cycles, and performance bonus plans. Identify, develop, and implement solutions that address business needs and align with the companys reward philosophy. Develop and manage benefits programs, including health insurance, retirement plans, wellness initiatives, and other employee benefits. Execute annual employee benefits renewal/ enrolment processes.
- Conduct market analysis and bench marking studies to ensure competitive reward structures, policies, and practices. Review compensation structures and role based pay levels to ensure alignment with evolving market conditions in India. Maintain industry knowledge and leverage data analytics to evaluate compensation and benefit trends, and program effectiveness. Report on reward metrics, compensation gaps, and benefit utilisation to inform decision-making.
- Manage the governance framework of Compensation, Benefits, and HR Compliance to ensure conformity with company policies and statutory mandates. Manage the annual audit reviews conducted by both internal and external auditors. Ensure programs and initiatives are implemented effectively and escalated issues are resolved in a timely manner.
- Work with global reward team and other stakeholders, as appropriate, to ensure alignment of India reward practices with the company policies as appropriate, and ideate opportunities that could be considered for improving effectiveness of global reward function. Curate employee communication strategies that educate employees on compensation and benefits, provide clarity on reward structures, and promote understanding of reward programs. Participate in the global reward projects as required.
- Collaborate and consult with global payroll leadership regarding Ameriprise compensation and benefit enhancements that may impact payroll configuration for India. Review and approve recommendations and changes brought forth by global payroll or our third-party payroll vendor prior to implementation to ensure alignment or impact to downstream processes within the country.
- Serve as a member of the HR leadership team in India. Lead a team of specialists responsible for managing Compensation, Benefits, Payroll, Employee Record Management, and Time and Attendance operations. Provide effective leadership, coaching, and development to direct reports.
Job Classification
Industry: Financial ServicesFunctional Area / Department: Human ResourcesRole Category: HR OperationsRole: Head - HRBPEmployement Type: Full timeContact Details:
Company: Ameriprise FinancialLocation(s): Noida, Gurugram+ View Contact
Keyskills: Health insurance Market analysis Payroll human capital Financial planning HR Asset management Downstream Auditing
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