Regional Total Rewards Manager Job in Bangalore at Molex

Molex is hiring for the role of Regional Total Rewards Manager!

Responsibilities of the Candidate:

• Be a strategic business partner for Total Rewards (TR) related matters, for all Koch companies in India and Sri Lanka
• Further develop our Total Rewards strategies in line without Compensation and Risk Philosophy, sharing knowledge and leveraging best practices among Koch companies
• Proactively engage internal key stakeholders (Site leaders, HR Leaders, Finance Leaders) with insights and recommendations for (insured) benefits - based on thorough data analysis, market intelligence, and business feedback
• Collaborate with business stakeholders as well as other HRS Capabilities (including Compliance, Payroll, and HR Operations Teams) to design, develop, and improve processes for benefits implementation, enrolment, administration & communication
• Help drive our Compensation Philosophy by ensuring HRBP and business leaders have access to and a correct understanding of high-quality market data for effective compensation decisions
• Manage Insured Benefits (Health, Life, Accident, etc.) renewals. Manage the relationship with our vendors and broker to continuously identify and pursue opportunities that improve employee experience and drive cost efficiencies
• Working with internal stakeholders, other HRS Capabilities and external parties, further develop and drive our Employee Health & Wellbeing Strategy;
• Partner with other HRS Capabilities (e.g. Compliance) to ensure our benefits and compensation practices meet legal and regulatory requirements and, as needed, advise the business on required actions (e.g. India’s new Labour Code)
• Lead or participate in global/regional Total Rewards initiatives which can include compensation and benefits survey management, compensation and market data tool development, etc., regional rollout of global Total Rewards initiatives

Requirements:

• Bachelor’s Degree or equivalent experience
• Substantial experience with managing compensation and (insured) benefit programs for multinational organizations in India
• Strong interpersonal, communication and influencing skills
• Proficiency in data analysis, project management and program management