Rewards Analyst

Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries. 

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable.  Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

Job Summary
We are seeking an experienced and dynamic Rewards Specialist to join the Global Rewards CoE for managing projects related to compensation, benefits, and job design across the organization.

Roles & Responsibilities

• Lead and manage total rewards projects from initiation to completion, ensuring alignment with organizational objectives and timelines.
• Collaborate with cross-functional teams to define project scope, objectives, and deliverables.
• Develop project plans, including timelines, resource allocation, and risk management strategies.
• Coordinate with HR Business Partners and other stakeholders to gather requirements and provide updates on project progress.
• Conduct research and analysis to support project decision-making, including benchmarking studies and market analysis.
• Participate in job evaluation and salary benchmarking exercises to ensure internal equity and market competitiveness.
• Assist in the development of total rewards communication materials for employees.
• Provide analytical support for ad-hoc compensation and benefits projects as needed.

Educational Qualification- Post Graduation in Management/MBA in Human Resource from a premier institute

Minimum work Experience- 2-5 years of experience in incentive compensation management who has designd and developed, implemented comprehensive Incentive structures for global regions.

Candidates with other regions (US/ UK/ EU/ EMEA) will be a plus from Pharma, contract research or Indian pharma MNC.

Good in managing MS Excel.

Skills & attributes – 
• Extremely strong analytical and quantitative skills and a voracious appetite for problem solving
• Ability to work independently, take on responsibility and be quick of foot in a fast-paced, change-oriented environment.
• Ability to question the status-quo
• Execution focus, willing to get their hands dirty amidst lack of systems and processes
• Highly detailed driven with emphasis on accuracy, coupled with the ability to see the broader picture
• Enjoys freedom with a great sense of responsibility
• Ability to work effectively with all levels of employees within the organization

About the Department
Human Resources
The Human Resources department at Dr. Reddy's Laboratories is the organizational heartbeat, dedicated to fostering a positive and inclusive work environment for their 24,000+ employees. As a well-executed Human Resources (HR) team, we foster a positive and productive workplace. Effective HR practices are involved in recruiting and retaining top talent, providing comprehensive employee development programs, and ensuring fair and transparent policies.

The robust HR department at Dr. Reddys is cultivating a culture of open communication, employee engagement, and diversity and inclusion. Moreover, it plays a crucial role in conflict resolution, fostering a healthy work environment and aligns organizational goals with the well-being and professional growth of its employees, contributing significantly to overall company success.

Benefits Offered
At Dr. Reddy’s we actively help to catalyse your career growth and professional development through personalised learning programs.
The benefits you will enjoy at Dr. Reddy’s are on par with the best industry standards. They include, among other things and other essential equipment, joining & relocation support, family support (Maternity & Paternity benefits), learning and development opportunities, medical coverage for yourself and your family, life coverage for yourself.

Our Work Culture
Ask any employee at Dr. Reddy’s why they come to work every day and they’ll say, because Good Health Can’t Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and we’re always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.
For more details, please visit our career website at https://careers.drreddys.com/#!/