Senior Compensation Business Partner

About us:

As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers.

Joining Target means promoting a culture of mutual care and respect and striving to make the most meaningful and positive impact. Becoming a Target team member means joining a community that values different voices and lifts each other up. Here, we believe your unique perspective is important, and you'll build relationships by being authentic and respectful.

Overview about TII (Target in India)

At Target, we have a timeless purpose and a proven strategy. And that hasn’t happened by accident. Some of the best minds from different backgrounds come together at Target to redefine retail in an inclusive learning environment that values people and delivers world-class outcomes. That winning formula is especially apparent in Bengaluru, where Target in India operates as a fully integrated part of Target’s global team and has more than 4,000 team members supporting the company’s global strategy and operations.

PRINCIPAL DUTIES AND RESPONSIBILITIES
1. Compensation Business partner for Business and enterprise teams in Target in India. Creates strong partnerships withHuman Resource teams to identify and resolve compensation issues.
Example: Conduct job evaluations for new roles in these teams, retention recommendations, advise with any pay interventions, support with budget modelling, translating competitor offers into potential Target offers, New Joiner
Orientation for Total Rewards, APP auditing in partnership with lead compensation consultant, reporting offcycle performance awards and retention bonuses, provide subject matter consultation to leaders and HRBPs

2. Own and be a one stop shop for market intelligence research and analysis, for all pay and benefits programs and their owners, including building and managing relationships with local rewards (pay & benefits) consultants and vendors. Looks for innovative ways to maximize the value that Target India receives from these relationships.
Example: Pay benchmarking vendor selection based on cost and comparator database, influences vendors to include Target India in its participation for industry surveys.
 

3. Lead the communications portfolio for the pay and benefits team, by building new and innovative ways of communicating pay and benefits programs to team members.
Example: Work with marketing and US partners to redesign how new benefits programs are launched in TII. Own the TII Benefits SharePoint content, in close partnership with program owners.
 

4. Provides inputs to the development and successful implementation on Target India Compensation policies and programs that
have been conceptualized in partnership with the local and global Pay & Benefits teams.
Example: Provides business inputs for range movements for non tech jobs in TII to the lead compensation consultant responsible for benchmarking and designing ranges and guidelines.
 

5. Provides inputs in building the India compensation strategy, specifically on the comparator basket. Works closely with Target India senior leadership, HR, HQ Compensation and HQ Pay Process to build consensus and support for the India
Compensation Strategy.
Example: Provides inputs on the comparator company list from TA and business requirement. Provides inputs on job
matching for client group jobs, which are then used by the lead compensation consultant in building and implementation ofTarget in India’s annual pay ranges, pay benchmarking results and other specific analysis requests.
 

6. Owns and drives organization-wide special projects from time-to-time
Example: Market-research and recommendations to revamp the special shift allowance program,
 

OTHER REQUIREMENTS

• MBA/Graduates with an exception professional record in this space may be considered.
• Prior experience of 4+ years in compensation related operations, C&B consulting preferably from a technology, technology-
• enabled, e-Commerce organization or GIC or survey data provider
• Deep expertise in budgeting, job matching and job evaluation frameworks (Aon Hi-Tech/ BPO/ Retail, Mercer IPE/ Willis
• Towers Watson GG system, Aon JE Framework)
• Strong network of peers in competitor organizations
• Awareness of market landscape and practices specifically in the area of compensation
• Very strong on advanced spreadsheet functions, project management and problem-solving with an ability to formulate independent points of view

Useful Links-

Life at Target- https://india.target.com/

Benefits- https://india.target.com/life-at-target/workplace/benefits

Culture- https://india.target.com/life-at-target/belonging