Assistant Vice President - Compensation & Benefits

Associate Vice President Compensation | Key Responsibilities:

- Lead the overall Compensation & Benefits strategy, ensuring alignment with business objectives, talent priorities, market competitiveness, and internal equity.

- Establish governance frameworks for salary reviews, promotions, bonuses, incentives, and compensation-related decision-making.

- Design and manage annual compensation cycles, including appraisals, salary increments, promotions, bonus payouts, and short-term incentive (STI) programs.

- Partner with business leaders and HR teams to align performance management and reward strategies with organizational goals.

- Drive job evaluation, grading, and job architecture using Mercer or equivalent methodologies, ensuring consistency across the organization.

- Conduct market benchmarking and provide data-driven compensation recommendations to leadership.

- Define incentive structures, payout mechanisms, eligibility criteria, and performance thresholds for reward programs.

- Lead digitization and automation of compensation processes to improve efficiency, accuracy, governance, and audit readiness.

- Advise senior leadership, CHRO, and HR stakeholders on compensation strategy, rewards philosophy, and workforce planning decisions.

- Present compensation insights, analytics, and recommendations to executive leadership and governance committees.

- Manage and develop the Compensation & Benefits team, driving capability building, succession planning, and leadership development.

- Ensure compliance with local and international compensation regulations, corporate governance standards, and organizational policies.

- Support sustainability initiatives and promote adherence to environmental, health, safety, and ethical business practices.

- Drive continuous process improvement and best practices across Total Rewards and Compensation functions.

Ideal Candidate Profile:

- MBA/Postgraduate qualification in Human Resources or related field.

- 15-20 years of experience in Compensation & Benefits / Total Rewards, including global leadership exposure.

- Strong expertise in compensation strategy, rewards design, job evaluation, market benchmarking, and incentive planning.