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Job Description
1! One Rewards organization to enable us to become a more innovative, effective and proactive function, equipped to swiftly deliver end-to-end customer centric solutions, in the most efficient and coordinated way possible. Your work in the Rewards Center of Expertise will be critical to help us deliver on the promise of building a more cohesive and integrated function. Job Purpose Enables Novartis to hire and retain talent through the quality and timely delivery of core compensation process and consulting for their respective country/countries. Responsible and accountable for job evaluation, benchmarking, offers, and salary cycle activities, as well as related training, education & insights for assigned geographies. Your responsibilities include but not limited to: . Job Evaluation: – Performs quality job evaluations within agreed timelines (including maintenance of the current job evaluation system) for the assigned job functions and acts as a subject matter expert for all position evaluation topics .Benchmarking: -Supports core Benchmarking and year-end activities for assigned country including (but not limited to): a.survey participation, analysis and submissions b.study labor markets to determine salary trends / ranges and creation of market ranges. benchmark labor market trends, propose salary structure and adjustments to the business based on survey data engagement with country stakeholders to understand current hiring and retention activities / challenges and requirements. -Supports annual budgeting process and salary increase matrix design for countries under scope. Works together closely with Rewards Business Partners and other country stakeholders to ensure the budget and matrix addresses local talent / legal / employee rep. requirements, as well as enables fair budget distribution and adherence during the salary planning cycle. -Maintains country knowledge base for countries under scope, including details of local process step-outs, local market ranges (LMRs) and any other relevant information to support core compensation processes .O2C: -Supports the offer process for respective country/countries. Responsibilities include (but are not limited to): a.reviewing and tracking the offers which are outside the rewards guideline, providing recommendations or escalating to the Rewards Business Partner where necessary. buy-out calculations for equity and other compensation items. c.cost of living analysis and recommendations on transition allowances for international transfers d.ensuring proper documentation (including the rationale of the offers outside the guideline) to ensure audit trail .Others: -Supports Rewards Business Partner with other compensation and benefits activities / projects for responsible country as applicable -Supports the delivery of training to stakeholders on core compensation processes, ensuring Talent Acquisition and People Partner teams in relevant countries understand roles, responsibilities and governance for core compensation processes -Supports the delivery of integrated Rewards/P&O analytics to support core compensation processes and improve compensation decisions. -Participate in Global/regional Rewards projects and continuous improvement activities .Ethics and Compliance -Work within Ethics, Risk and Compliance policies and procedures and ensure those around him/her do the same -Work to ensure a diverse and inclusive environment free from all forms of discrimination and harassment Diversity & Inclusion / EEO Minimum Requirements What you’ll bring to the role: .2 to 5 years of P&O Experience (Preferably in C&B) .Basic understanding of compensation elements in an organizational context .Ability to thrive in a fast-paced, complex, matrixed, global environment. .Strong data analytics and presentation skills and Stakeholder engagement .Excellent knowledge of MS Office (word, power point and excel) #transformingforgrowth Why Novartis 769 million lives were touched by Novartis medicines in 2020, and while we’re proud of this, we know there is so much more we could do to help improve and extend people’s lives. We believe new insights, perspectives and ground-breaking solutions can be found at the intersection of medical science and digital innovation. That a diverse, equitable and inclusive environment inspires new ways of working. We believe our potential can thrive and grow in an unbossed culture underpinned by integrity, curiosity and flexibility. And we can reinvent what’s possible, when we collaborate with courage to aggressively and ambitiously tackle the world’s toughest medical challenges. Because the greatest risk in life, is the risk of never trying! Imagine what you could do here at Novartis! Commitment to Diversity & Inclusion: Novartis is committed to building an outstanding, inclusive work environment and diverse team’s representative of the patients and communities we serve. Join our Novartis Network: If this role is not suitable to your experience or career goals but you wish to stay connected to hear more about Novartis and our career opportunities, join the Novartis Network here: No video provider was found to handle the given URL. See for more information.
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