MSD Senior Manager - Compensation & Benefits 

India, Telangana, Hyderabad 

141706587

Job Description

Senior Manager, Compensation & Benefits

• Based in Hyderabad, join a global healthcare biopharma company and be part of a 130-year legacy of success backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare.

Role Overview:

• Compensation & Benefits CoE (C&B CoE) is responsible for designing, developing, and Implementing compensation & benefits programs and policies that attract, engages, and retain the best talents for our company.
• This team is part of the APJC Regional C&B team (part of International C&B organization, which supports our company operating outside of the US) and would be part of few C&B categories globally as per the International C&B structure. This role would be reporting to India C&B leader.
• The scope of works covers but is not limited to base salary management, short term incentives, long term incentives, job evaluation, merit budget, allowances, awards, benefits programs, retirement pension plans, executive compensation, sales incentive plans, year-end compensation planning and related processes, etc.

What will you do in this role:

• Serves as an internal consultant to HR team to resolve compensation issues and provide recommendation. This includes the design and implementation of compensation and benefit and wellbeing programs for all employees.
• Be a team lead / team member of international regional C&B projects (e.g. SIP review program, Data digital and Market Intelligence) Implements our global rewards policies and programs in India tech center while meeting local statutory requirements and business needs.
• Conducts market intelligence to understand competitive market practice; identify gaps and opportunities and recommend enhancements to ensure we are market competitive.
• Plans and develops annual salary budgeting and provide guidance of total compensation planning for managers in alignment with Global guidance as well as supports regular off cycle pay reviews.
• Supports communication of total rewards programs to enhance the perceived value of the programs.
• Partners with HR Business Partners/Talent Acquisition team on to ensure consistency with global guidelines.

What Should you have:

• 5-7 years of experience in Compensation & Benefits. Additional experience in related functions in HR in a multinational environment
• Compensation philosophy, total reward concepts
• Collaborative team player, comfortable working with multiple stakeholders within and outside of India
• Strategic and logical thinking
• Project management skill
• Strong analytical skills with data management.
• Execution Excellence
• Business Savviness
• Base pay management
• Incentive planning including sales incentives.
• Benefit programs and perks.
• Retirement pension plans
• Global compensation operating models
• Financial and compliance knowledge
• Indian labor law
• Labor cost analysis
• Pharmaceutical industry and healthcare environment
• Experience working in MNC HR consulting firms in the space of Total Rewards

Current Contingent Workers apply

*A job posting is effective until 11:59:59PM on the dayBEFOREthe listed job posting end date. Please ensure you apply to a job posting no later than the dayBEFOREthe job posting end date.