Senior Rewards Business Partner
Are you an experienced HR professional looking for a new challenge? Do you have a passion for developing and implementing innovative reward programs? If so, we have an exciting opportunity for you! Novartis is seeking a dynamic and driven Senior Rewards Business Partner to join our team. In this role, you will be responsible for designing, implementing and managing our global reward strategies to attract, retain and motivate our top talent. We are looking for someone who is highly analytical, strategic and has a strong business acumen. If this sounds like you, keep reading to learn more about the qualifications we are looking for in our ideal candidate.
- Develop and implement global reward strategies in alignment with company goals and objectives.
- Design and manage competitive compensation and benefits programs to attract and retain top talent.
- Conduct research and analysis to stay updated on market trends and best practices in reward programs.
- Partner with HR colleagues and business leaders to understand their needs and provide guidance on compensation and benefits matters.
- Collaborate with finance and legal teams to ensure compliance with local laws and regulations.
- Act as a subject matter expert on all aspects of compensation and benefits, providing guidance and recommendations to stakeholders.
- Monitor and evaluate the effectiveness of existing reward programs and make recommendations for improvements.
- Lead the annual salary review process and ensure timely and accurate delivery of compensation adjustments.
- Develop and maintain relationships with external vendors and consultants to support the delivery of reward programs.
- Keep abreast of industry developments and proactively identify opportunities to enhance our reward offerings.
- Communicate and educate employees on the company's reward philosophy and programs.
- Coach and mentor junior team members on compensation and benefits topics.
- Prepare and present reports and recommendations to senior leadership.
- Ensure data accuracy and integrity in all compensation and benefits systems.
- Continuously monitor and analyze market data to ensure competitiveness of reward programs.
Extensive Experience In Developing And Managing Global Rewards Programs: A Senior Rewards Business Partner At Novartis Should Have At Least 8-10 Years Of Experience In Designing And Implementing Global Rewards Programs. This Includes A Deep Understanding Of Compensation And Benefits Structures, Incentive Plans, And Recognition Programs.
Strong Understanding Of The Pharmaceutical Industry: The Ideal Candidate Should Have A Solid Understanding Of The Pharmaceutical Industry, Including Market Trends, Competitor Analysis, And Regulatory Frameworks. This Will Enable Them To Design Rewards Programs That Are Competitive And Aligned With Industry Standards.
Proven Track Record Of Driving Business Results Through Rewards Strategies: The Senior Rewards Business Partner Should Have A Track Record Of Successfully Driving Business Results Through Effective Rewards Strategies. This Requires A Strong Understanding Of Business Objectives And The Ability To Develop Rewards Programs That Motivate And Engage Employees.
Excellent Communication And Influencing Skills: The Role Of A Senior Rewards Business Partner At Novartis Involves Collaborating With Various Stakeholders, Including Senior Leaders, Hr Teams, And Employees. Therefore, Strong Communication And Influencing Skills Are Essential To Effectively Convey The Benefits And Impact Of Rewards Programs.
Strategic Mindset And Analytical Skills: As A Key Member Of The Hr Team, The Senior Rewards Business Partner Should Have A Strategic Mindset And Be Able To Think Critically And Analytically. This Includes The Ability To Analyze Data, Identify Trends, And Make Data-Driven Decisions To Continuously Improve Rewards Programs.
Communication Skills
Project Management
Performance Management
Data Analysis
Market Research
Benefits Administration
Strategic Thinking
Talent Acquisition
Stakeholder management
Compensation Management
Hris Knowledge
Communication
Conflict Resolution
Customer Service
Leadership
Time management
Interpersonal Skills
Critical thinking
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Senior Rewards Business Partner in Hyderabad, Telangana, India is between INR 1,200,000 and INR 2,000,000 per year, or approximately USD 17,000 to USD 28,500. This range can vary depending on factors such as the company, level of experience, and specific job responsibilities. Additionally, bonuses and other forms of compensation may be included in the total compensation package.
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Novartis AG develops, manufactures, and markets healthcare products. It operates through the following segments: Pharmaceuticals, Alcon, Sandoz, Vaccines & Diagnostics, and Consumer Health. The Pharmaceuticals segment provides patent-protected prescription medicines. The Alcon segment offers surgical, ophthalmic pharmaceuticals, and vision care products. The Sandoz segment provides generic pharmaceuticals. The Vaccines & Diagnostics segment provides human vaccines and blood testing diagnostics.
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