Head - Rewards and Performance

THERMAX (INDIA) PVT LTD
Pune, Maharashtra
15 to 20 Yrs
Any Post Graduate, MBA/PGDM
₹75,00,000 - ₹1,00,00,000 (per Annum)
Full Time
Pune, Maharashtra
Compensation & Benefits (C&B)Total RewardsRewards StrategyPerformance ManagementCompensation BenchmarkingSalary Benchmarking

Key Responsibilities

Develop and implement the organization's Compensation & Benefits (C&B) strategy aligned with business objectives.
Design and manage salary structures, grading systems, pay bands, and job evaluation frameworks.
Lead annual compensation reviews, salary benchmarking, increments, promotions, and bonus planning.
Design and administer short-term and long-term incentive (STI/LTI) programs, sales incentives, and executive compensation.
Drive the performance management framework, including goal setting (OKRs/KPIs), performance reviews, calibration, and appraisal cycles.
Partner with business leaders to ensure pay-for-performance culture and reward differentiation.
Conduct market benchmarking and compensation surveys to maintain external competitiveness and internal equity.
Ensure compliance with statutory regulations, governance policies, and compensation-related audits.
Analyze HR metrics and compensation data to provide insights for workforce planning and decision-making.
Lead HR transformation initiatives related to rewards, performance management, and HR technology (HRIS).
Manage the Rewards & Performance team and collaborate with HR Business Partners and leadership.
Typical KPIs
Compensation competitiveness and market positioning
Performance appraisal completion and quality
Employee retention of key talent
Merit and bonus budget adherence
Pay equity and internal parity
Employee engagement with rewards programs
HR process automation and efficiency improvements
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