Total Rewards Solution Partner

Role overview

Total Rewards Solution Partner at Merck

Develop and implement Compensation & Benefits strategies in line with Global Policy and Guidelines that effectively attract, engage, and retain top talent across all covered countries, aligning with sector-specific and local market needs while maintaining cost efficiency.

In this individual contributor position, you will be instrumental in managing Compensation and Benefits (C&B) initiatives within your scope of countries.

Responsibilities

• Work Your Magic with us!
• You will also engage with various HR functions in enhancing org's ability to attract, reward, and engage top talent.
• Guarantee governance according to global guidelines and ensure compliance with all applicable local laws and regulations for all countries in scope.
• Monitor and report on the effectiveness of our Rewards programs and make recommendations for improvements as needed.
• Drive stakeholder engagement by effectively communicating C&B initiatives, practices and policies to HR teams and business leaders.
• Perform comprehensive market benchmarking and analysis to ensure that our compensation and benefits offerings remain competitive.
• This includes developing salary structures and establishing market reference points for all positions across the designated countries.
• Apply advanced data analytics and diagnostic capabilities - leveraging tools like Excel, Power BI, and AI technologies - to find actionable insights, guide strategic decisions, and optimize Compensation & Benefits practices for business leaders.
• Foster close collaboration with country rewards teams to share best practices and knowledge, while actively participating in cross-country projects to enhance our compensation and benefits strategies.
• Lead and manage special compensation and benefits projects that drive innovation and effectiveness within the organization.
• Provide expert support on Compensation and Benefits for mergers and acquisitions, international relocations, and other global projects and initiatives, ensuring alignment with organizational goals and compliance with local regulations.
• Ensure close collaboration with Sector and Enabling Functions HR teams as well Global Solution Owners (GSOs) and Total Rewards Operation Center (TROC).
• Education & Languages.
• Advanced degrees in Human Resources or a relevant discipline from a recognized institute; MBA or equivalent credentials are also appreciated.
• Minimum of 6 years of HR experience, including 3-5 years specifically in Compensation and Benefits.
• Fluency in English required.
• Professional Skills & Experience.
• Exceptional analytical and diagnostic problem-solving skills.
• Strong planning and influencing capabilities.
• Strong communication and interpersonal skills.
• In-depth understanding of compensation and benefits budgets and funding requirements.
• Proven expertise in C&B practices.
• Experience in institutionalizing compensation practices and driving organizational change.
• Proficiency in project management.
• Proficiency in Excel; experience with Power BI and AI tools is advantageous.
• Background in consulting is preferred.
• Personal Attributes.
• Strong ownership and accountability in managing rewards topics.
• Excellent interpersonal skills with the ability to influence and engage stakeholders at all levels.
• A proactive approach to problem-solving and a commitment to delivering extraordinary performance and results.
• Strong team spirit and excels in fostering collaboration, actively engaging with colleagues to achieve shared goals and drive collective success.

Employment details

• Location: Bangalore [Karnataka] [India]

Benefits

• Our colleagues across the globe love innovating with science and technology to enrich people’s lives with our solutions in Healthcare, Life Science, and Electronics.
• We are curious minds that come from a broad range of backgrounds, perspectives, and life experiences.
• We believe that this variety drives excellence and innovation, strengthening our ability to lead in science and technology.
• We are committed to creating access and opportunities for all to develop and grow at your own pace.
• Join us in building a culture of inclusion and belonging that impacts millions and empowers everyone to work their magic and champion human progress!
• Apply now and become a part of a team that is dedicated to Sparking Discovery and Elevating Humanity!

Additional role details

• Ready to explore, break barriers, and discover more?
• We know you’ve got big plans – so do we!
• Together, we dream big and are passionate about caring for our rich mix of people, customers, patients, and planet.
• That's why we are always looking for curious minds that see themselves imagining the unimaginable with us.
• As the Regional Rewards Specialist, you will be at the forefront of designing and implementing competitive benefits plans and compensation structures that align with global guidelines.
• Your role is pivotal in ensuring the effective rollout and enablement of global programs across all designated countries.
• In this role, you will report directly to the Head of Regional Rewards, collaborating closely with other members of the People Recognition and Rewards organization.
• Your expertise will ensure that our rewards strategy not only aligns with business objectives but also integrates seamlessly with performance management processes, all while maintaining a cost-competitive edge.
• You will work collaboratively with country rewards teams, sharing best practices and insights to enhance compensation and benefits strategies across the designated countries.
• Additionally, you will partner with Sector and Enabling Functions HR teams, Global Solution Owners (GSOs), and the Total Rewards Operation Center (TROC) to drive cross-country projects and ensure a cohesive approach to rewards management.
• By leveraging your skills and insights, you will help shape a rewards framework that drives employee engagement and satisfaction, ultimately contributing to the overall success of the organisation.