Lead - Compensation & Benefits
Welspun World
Lead - Compensation & Benefits
About Welspun World
Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.
At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.
About Welspun Entity
Welcome to Welspun Transformation Services Limited (WTSL., where innovation, digital transformation, and customer-centric excellence come together. As part of the Welspun Group, we are at the forefront of automation and business services, working across industries with a focus on cutting-edge technologies such as AI, ML, and RPA. Refer privacy policy - https://welhire.ai/privacy_policy.html. Since our founding in August 2018 with 92 employees, we've grown to over 500 members across multiple locations, showcasing our commitment to operational excellence and inclusivity. At WTSL, we prioritize diversity, with 34% women in our workforce and flexible policies like maternity, paternity, and menstrual leave. Our goal is to increase female representation to 40%. We foster a family-like work environment through initiatives like Fam-Jam and wellness programs, and our Great Place to Work certification highlights our commitment to employee well-being.
Working at WTSL means being part of impactful projects for global clients, while growing professionally through extensive learning opportunities. Join us as we continue our transformational journey, where your ideas and contributions will be valued, and you can make a meaningful impact in the world of business services.
Job Purpose/ Summary
The Compensation & Benefits Lead will lead the design, governance, and execution of Welspun GCC's Total Rewards strategy, ensuring compensation programs are competitive, equitable, performance-driven, and aligned with business objectives.
Job Description
The role will be responsible for driving compensation strategy, annual compensation planning, performance-linked rewards, compensation governance, job architecture, and market benchmarking while partnering closely with the Group HR COE to ensure enterprise-wide alignment. The incumbent will leverage compensation analytics, workforce insights, and digital reporting to enable data-driven decision-making and continuously strengthen the organization's Total Rewards framework.
Responsibility
Design implement and continuously enhance the organizations Total Rewards strategy aligned with business objectives and Group HR COE guidelinesbrDevelop and govern compensation philosophy salary structures pay ranges compensation policies and governance frameworksbrEnsure compensation programs are externally competitive internally equitable financially sustainable and aligned with business prioritiesbrDrive compensation governance for promotions transfers new hires internal movements compensation exceptions and salary approvalsbrEnsure compliance with statutory regulations audit requirements and internal compensation governance standardsbrLead the endtoend Annual Compensation Review process including merit planning budgeting salary increase recommendations variable pay planning and executive compensation analysisbrPartner with HR Finance and Business Leaders to develop annual compensation budgets and optimize reward investmentsbrManage offcycle compensation reviews retention adjustments market corrections promotion increases and critical talent interventionsbrProvide strategic recommendations to leadership on compensation investments affordability and market competitivenessbrPartner with business leaders and HR to strengthen the payforperformance philosophy across the organizationbrDesign review and administer variable pay programs productivitylinked incentive plans retention programs project incentives and other performancebased reward initiativesbrPartner with the Performance Management function to ensure reward outcomes are aligned with organizational and individual performancebrEvaluate the effectiveness of compensation and incentive programs through measurable business and workforce outcomesbrLead compensation benchmarking using leading market surveys and external data sourcesbrConduct market pricing compensation modelling pay positioning and internal equity reviewsbrMonitor compensation trends emerging reward practices and industry benchmarks to recommend improvements to Total Rewards programsbrPartner with Talent Acquisition to develop competitive compensation strategies for hiring critical talentbrDesign and maintain the organizations Job Architecture including Job Families Job Levels Job Hierarchy Career Frameworks and Role MappingbrLead job evaluation exercises and ensure consistent role grading across the organizationbrDevelop and maintain standardized job descriptions in collaboration with business leaders and HR Business PartnersbrSupport organizational restructuring workforce transformation and organization design initiatives through effective compensation governancebrSupport the design implementation and governance of ESOPs LongTerm Incentive Plans LTIPs and other strategic reward programsbrDevelop reward strategies that strengthen attraction engagement retention and longterm value creationbrDesign and continuously enhance employee benefits programs to ensure market competitiveness and employee valuebrPartner with external consultants insurers and benefits providers to optimize benefit offerings employee experience and cost effectivenessbrPeriodically review benefit utilization cost trends and employee feedback to recommend improvementsbrLead Compensation Analytics and Workforce Analytics to support strategic business and people decisionsbrDevelop executive dashboards using Power BI advanced Excel and HR Analytics tools to provide realtime insights into compensation and workforce metricsbrAnalyze compensation costs merit spend salary competitiveness comparatios pay mix salary compression pay inversion internal equity and reward effectivenessbrBuild predictive models and scenario analyses for annual compensation planning workforce planning hiring budgets and retention investmentsbrMonitor key metrics including compensation competitiveness productivity incentives attrition offer acceptance pay equity reward ROI and workforce productivitybrTranslate complex workforce and compensation data into meaningful insights executive presentations and strategic recommendations for leadership and Group HR COEbrDrive automation and digitization of compensation reporting through HR systems dashboards and selfservice analyticsbrPartner closely with Group HR COE to ensure alignment with enterprisewide reward philosophy policies and governancebrCollaborate with HR Business Partners Talent Acquisition Payroll Finance Business Leaders and senior leadership on compensation decisions and workforce planningbrProvide expert guidance on compensation strategy organization design promotions career progression and retention strategiesbrContinuously review compensation frameworks policies and reward programs to ensure alignment with evolving business needs and market practicesbrIdentify opportunities to simplify automate and enhance compensation processes through technology and analyticsbrLead strategic Total Rewards projects and support organizational transformation initiatives
Company Name
Welspun Transformation Services Limited
Division
Shared Services
Key Interactions
Top Management,Mid Management
Relevant Work Experience
10 - 14 Years
Relevant Industry
Shared Service,Financial Industry,Manufacturing Industry
Education-Qualification
Professional
Education-Specialization
Human Resource,Finance,Masters in Business Administration
Language Proficiency
ENGLISH,HINDI
Certifications
NA
Skill
Attention to Detail,Stakeholder Management,Communication skill,Collaboration
Competency Names
Business & Commercial acumen, Entrepreneurship, Global Mind-set, People Excellence, Power BI, HRIS, Excel