Honeywell Director Compensation & Ben 

India, Karnataka 

578179022

Key Responsibilities:

• Develop, implement, and manage compensation and benefits strategy, programs and policies that align with Honeywell's strategic goals.

• Lead market analysis and benchmarking to ensure competitive positioning of Honeywell’s compensation and benefits packages.

• Partner with senior leadership, HR Business Partners, and other key stakeholders to design and implement incentive and recognition programs that drive high performance and engagement.

• Oversee the administration of benefits programs, including health insurance, retirement plans, and wellness initiatives, ensuring they are competitive, cost-effective, and aligned with employee needs.

• Lead the annual salary review process, including salary budget planning, salary structure adjustments, and merit increase guidelines for India.

• Provide expert guidance and leadership on compensation-related matters such as job evaluations, salary surveys, and market trends.

• Ensure compliance with all legal and regulatory requirements related to compensation and benefits.

• Lead and create a team of high performing compensation and benefits professionals, providing mentorship and fostering a culture of continuous improvement and excellence.

• Monitor the effectiveness of existing compensation and benefits practices and recommend improvements that align with evolving business needs and market conditions.

• Lead and participate in various compensation and benefits projects and initiatives at the regional and global levels.

• Prepare and present reports to senior leadership on compensation and benefits trends, costs, and ROI.

Qualifications:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; Master’s degree preferred.

• Minimum of 8 years of progressive experience in compensation and benefits management, with at least 3 years in a leadership role within a multinational, matrixed organization.

• Extensive knowledge of compensation and benefits practices, regulations, and trends across India.

• Proven experience in designing and implementing compensation and benefits strategies that support business objectives.

• Strong analytical skills with the ability to interpret and use data to drive decision-making.

• Excellent communication and interpersonal skills, with the ability to influence, collaborate and partner effectively with key stakeholders at all levels across the business.

• Demonstrated ability to lead and develop a high-performing team.

• Fluency in English is required.

• Strong project management skills with the ability to manage multiple priorities in a fast-paced environment in a matrixed organization.

• High level of integrity, professionalism, and discretion in handling confidential information.