Rewards Specialist

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.

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Job Summary

We are seeking an experienced and dynamic Rewards Specialist for delivering and managing end to end compensation programs. Your responsibilities include planning and executing compensation programs in the company directly with the managers and business users, in partnership with the business HR to ensure a smooth and timely process execution across our countries of operation.

" Roles & Responsibilities

Annual Increments & Compensation Cycles

• Lead the end-to-end execution of annual salary review and increment cycles, including planning, budgeting, system readiness, and communication.
• Analyze internal and external compensation data to make informed recommendations on salary adjustments, promotions, and market corrections.
• Partner with HRBPs and business leaders to ensure alignment of compensation decisions with performance outcomes and budget constraints.

Compensation Benchmarking & Market Analysis

• Participate in global compensation surveys and analyze results to assess the company’s market competitiveness.
• Maintain salary structures and pay ranges based on market data and internal equity.
• Provide insights and recommendations on new hire offers, internal mobility, and retention strategies.

Collaboration & Stakeholder Engagement

• Collaborate with Talent Acquisition, HR Business Partners, and business leaders to address compensation-related queries and challenges.
• Educate stakeholders on compensation philosophy, policies, and tools to drive transparency and consistency.

Systems & Process Optimization

• Work with HR Systems to implement integrations and enhancements that support compensation and benefits processes.
• Conduct regular audits on compensation and benefits data to ensure accuracy and compliance.
• Recommend and implement process improvements to enhance the speed and quality of rewards delivery.

Educational qualification

Post Graduation in Management/MBA in Human Resource

Minimum work Experience

5-8 years of experience on in compensation, with an in-depth knowledge of core compensation terminology and best practices.

Skills & attributes

Technical Skills

• Should have managed Rewards for a region/country independently.
• Proven track record of establishing trusted relationships with key HR and business leaders.
• Experience in Talent Management project management, budget management, Stakeholder and vendor management.
• Understanding of business drivers, levers and metrics and demonstrated understanding of organizational mechanics, and influence.

Behavioural Skills

• Excellent communication and interpersonal skills.
• Proactive Leadership skills, attention to detail and Big-Picture thinking:
• Excellent at networking and leveraging relationships.
• Collaborative Skill sets and result oriented.
• Strong analytical and problem-solving abilities.
• Excellent Time Management and organisation skills

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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 catalyze your career growth and professional development through personalized 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/#!/.

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