Specialist, Compensation and Benefits, Reward

Job description

Business Function Group Human Resources has the important role of attracting, retaining, and nurturing talent to ensure that DBS continues to be a competitive employer in Asia. With a well-established team of HR partners, we support and deliver effective people-based solutions and services across businesses. Our goal is to build a high-performance organisation by empowering and engaging our employees. Because we believe that banking is about people. We are hiring for a role in the total rewards function Total rewards role key accountabilities Specialist supports end to end planning and execution of rewards programs for DTI. The position is also responsible for overseeing the implementation of specific components of compensation programs and initiatives ensuring appropriate local implementation in the context of global guidelines. Responsibilities Oversees the implementation of group compensation initiatives ensuring appropriate local implementation in the context of global guidelines Design pieces of compensation programs, resulting in significant and long-term changes to the company’s compensation offerings and policies ensuring optimal budget utilization Own and partner the key reward processes like – annual compensation review, variable pay incl sign-on and retention cases, reward grievances handling etc. Monitor the internal pay ranges, undertake competitive analysis and market trends to provide expert guidance on salary movements, appropriate compensation and grade fitment of new hires and internal movements across all business units/functions of the organization Partner in designing and developing training education and communication materials for the implementation of global or local compensation programs Design and administer employee recognition and reward programs to foster a culture of appreciation and engagement Work closely with DBIL CBG and external vendors to develop engagement initiatives that promote financial awareness and expand employee choice Collaborate with cross-functional teams to analyze and optimize the organization's total rewards offerings Stay up-to-date with industry trends, regulations, and best practices in compensation, benefits, and recognition management Provide guidance and support to managers on compensation planning, performance-based rewards, and employee benefits Requirements Bachelor's degree in Human Resources, Business Administration, or a related field Minimum 3-5 years of experience in a rewards or compensation-related role, preferably in the financial services industry Proficient in data analysis, market research, and benchmarking techniques Strong understanding of compensation planning, benefit design, and recognition management Excellent communication and interpersonal skills to effectively collaborate with stakeholders at all levels Ability to think strategically and provide data-driven recommendations Proficient in using HR information systems and data analysis tools Apply Now We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements. Location: Hyderabad - DTI Waverock SEZ Job: Human Capital Management Schedule: Regular Employee Status: Full time