Specialist - Total Rewards & PMS

Job Title:

Specialist - Total Rewards & PMS

Business Unit:

Global Human Resource

Job Grade

Location:

Gurgaon/Mumbai

At Sun Pharma, we commit to helping you “Create your own sunshine”— by fostering an environment where you grow at every step, take charge of your journey and thrive in a supportive community.

Are You Ready to Create Your Own Sunshine?

As you enter the Sun Pharma world, you’ll find yourself becoming ‘Better every day’ through continuous progress. Exhibit self-drive as you ‘Take charge’ and lead with confidence. Additionally, demonstrate a collaborative spirit, knowing that we ‘Thrive together’ and support each other’s journeys.”

Key responsibilities:

Manage the Performance and Rewards responsibilities for assigned countries/businesses within India and 40+ countries in Emerging Markets for effective design and implementation of commercial, compliant and business-relevant strategies, policies and programs, aligned to the overall P&R strategy and policies. 

The incumbent will research best practice and keep abreast of legislative and market change to provide expert advice to HR and the business leaders and lead the various projects and regular initiatives under the Rewards domain, including:

Annual Compensation Review Cycle

• Design and program manage the Annual Compensation Review cycle for the responsible countries to ensure complete budget management and timeline adherence. Use statistical methods and techniques to make data-based decisions on various aspects of compensations.
• Deploy effective communication strategies and success metrics.

Sales/Productivity Linked Incentives/Variable Pay, Retention, Severance Plans

• Manage the annual variable pay process execution through effective coordination with Finance and other internal stakeholders to ensure timely payout finalization with appropriate approvals.
• Design appropriate solutions to address critical business requirements around employee motivation, retention and productivity enhancement

Benefits Management

• Work with Head Rewards to ensure smooth deployment and maintenance of key employee benefits in different countries.
• Participate in benchmarking studies to ensure competitiveness of our benefits

Benchmarking & Market Intelligence

• Commission custom surveys and also participate in industry salary benchmarking surveys to determine prevailing pay rates and benefits and analyze these for building internal proposals on salary reviews and policy changes.
• Conduct ongoing research into emerging trends, issues and best practices.

People Policy Framework

• Develop a comprehensive policy framework covering all elements of an employee lifecycle in the organization.
• Ensure adherence to the published policy documents across the organization.

• Conduct periodic audits and prepare reports. Assess the effectiveness of policies and processes and proactively recommend new and innovative approaches and solutions

International Mobility & Expat Management

• Support ongoing expat management for the responsible countries including package determination and compliance requirements

Job Evaluations and Grade Structuring

• Support any special projects in job grading and Job evaluations as per the organization’s policy.
• Partner with HR and business leaders to maintain an appropriate grade structure and ensure effective governance

Performance Management Strategy & Annual PMS process

• Support the design and execution of annual performance management process for the assigned business/countries.
• Act as an SME and guide