Job Title- Rewards Solutions Consultant
Solution Line- Talent Solutions
Team - Executive Compensation & Governance
Position type- Full Time
Work Location- Mumbai
Working Mode- In Office
Cab Facility- No
Shift Time - Flexible
People Manager role: Yes
Required education and certifications critical for the role-
- Full time Masters/MBA in (HR, Statistics, Math's, Commerce, Economics) from Tier 1 Schools with 1-3 Years of experience.
- Significant exposure to Compensation, Rewards, Benchmarking
Required years of experience -
- Graduates with 6-7 years of relevant experience in Executive Compensation domain.
AON IS IN THE BUSINESS OF BETTER DECISIONS
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are committed as one firm to our purpose, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed.
INFORMATION ABOUT THE BUSINESS
Aon's Human Capital Solutions is one of the largest full spectrum HR consulting practices and is home to firm's rewards, talent assessment, and performance & analytics practices. We apply this expertise, and our market-leading workforce data, to help clients tackle transformational projects requiring integrated solutions to client problems. We develop insights on performance and people analytics - driven by our proprietary data, technology and advisory services - to help clients reduce volatility and improve outcomes.
Aon's Human Capital solutions comprises of Performance, Rewards & Org advisory, Assessments Solutions and Aon's HR Learning Centre practices.
About Executive Compensation and Governance
Executive Compensation and Governance addresses critical Performance, Rewards and Select Talent Issues
concerning Boards and Executive Management
- Integrated executive pay, governance and equity lifecycle support
- Aligning pay and performance because establishing an appropriate link between the two is what matters most to your people and shareholders
- Best-in-class data assets that go beyond the Top 5 and provide a consistent framework to evaluate other layers of executive management
- Deep sector expertise allowing us to understand the business issues and find solutions that work within the context of our competitive landscape
- Collaborative approach between the advisor, compensation committee and management, understanding that effective solutions can't be achieved unless all stakeholders are active participants in the process
JOB RESPONSIBILITIES:
- You will be expected to research and understand Industry Archetypes and Business Models. You will apply this knowledge to advise and enable solution delivery on matters of Rewards, Performance and Talent to Boards and Executive teams. You will be expected to design business-aligned executive remunerations strategies.
- You will be expected to engage with clients on projects related to Senior/Top Management and Board compensation. These projects would typically be around structuring and benchmarking of CXO level pay and involves working with client representatives (typically senior HR executives like Head C&B, Head HR CEOs, Compensation Committees) in defining the right comparator group(s), collection of market data from primary and secondary sources, analysis of market data, report preparation and presentations to the top management and/or the Compensation Committee of the Board
- You will also be expected to engage with clients in designing stock and cash based long term incentive programs for the senior management (or even for broad-based population). This shall include understanding the client's business context and financial plans, evaluating various possible plan alternatives, preparation of plan(s), discussions with management / board on cost implications from P&L (accounting) impact and dilution perspective, alignment with regulations (SEBI, Companies Act etc.), finalize plan structures and assist in implementation.
- You will be expected to interface with Aon's advisory and advisory teams for integrated projects in the areas of broad-based compensation, talent assessments, talent advisory, HR effectiveness and organization effectiveness.
- You will be responsible for managing existing flagship research initiatives such as Executive Compensation Survey and Non-Executive Directors Compensation. You will be encouraged to develop new flagship research on areas such as Private Markets Rewards and Conglomerate Rewards
- You will be expected to develop a very strong understanding of relevant laws and regulations pertaining to executive compensation and share based compensation (e.g. relevant sections of Companies Act, SEBI Regulations on Share Based Payments etc.) and be up to date with any changes
- You will be expected to build the Governance business and engage with clients in the areas of Board Evaluation, trainings for Compensation Committees as per the requirements under Companies Act - 2013, SEBI Listing Agreement etc. and develop new offers in this field.
- Senior Associate Consultants will also be additionally responsible for:
- People Management
- Practice initiative management such as creating consulting toolkits
- Specialization to a cluster of industries such as Financial Institutions, Technology and offshoring
SKILLS/COMPETENCIES REQUIRED:
- Ability to interact and manage expectations of C-suite executives.
- Ability to work independently and on a team across multiple projects.
- Key Behaviors: Problem Solving Ability, Teams with others, Quality focus.
- Proven ability in coordinating and liaising with multiple parties within and across geographies.
- Exposure to below areas is an advantage:
- Rewards, Consulting, Exposure to Financial Modelling, Experience on Strategic HR Projects
- Any of the below professional qualifications is an added advantage CA, CS, CFA, LLB.
- Awareness of macro-economics, excel modelling and data-based storytelling.
HOW WE SUPPORT OUR COLLEAGUES
In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering you to be your authentic self.
Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work... and we are all for it!
Our continuous learning culture inspires and equips colleagues to learn, share and grow, helping them achieve their fullest potential. As a result, Aon colleagues are more connected, more relevant and more valued.
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