About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Bengaluru, Lowe's India develops innovative technology products and solutions and delivers business capabilities to provide the best omnichannel experience for Lowe's customers. Lowe's India employs over 4,200 associates across technology, analytics, merchandising, supply chain, marketing, finance and accounting, product management and shared services. Lowe's India actively supports the communities it serves through programs focused on skill-building, sustainability and safe homes. For more information, visit, www.lowes.co.in.
Job Summary
The India Benefits Manager will be responsible for managing and administering employee benefits programs for Lowe's India. This includes overseeing Group Insurance Policies (Medical, Accident, Term, OPD), health and well-being interventions, along with other employee benefits. The role requires ensuring compliance with local regulations, optimizing benefit offerings to attract and retain talent, and effectively communicating benefits to employees.
Roles & Responsibilities
Core Responsibilities:
- 1. **Benefits Administration:**
- - Manage the day-to-day operations of group benefits programs (group health, dental, vision, short-term and long-term disability, worker's compensation, life insurance, retirement plans, etc.).
- Oversee the administration of other employee benefits, such as leave policies, wellness programs, and employee assistance programs.
- **Compliance and Reporting:**
- Ensure compliance with all local benefits laws and regulations.
- Prepare and file required benefits documentation, reports, and audits.
- Stay current on changes in benefits legislation and update policies accordingly.
- **Vendor Management:**
- Select and manage relationships with benefits vendors and brokers.
- Negotiate benefit plan renewals and contracts to secure the best terms and conditions.
- **Employee Communication and Support:**
- Develop and deliver communication strategies to educate employees about their benefits options.
- Assist employees with benefits-related inquiries and issues, providing a high level of customer service.
- Conduct benefits orientations for new hires.
- **Plan Design and Evaluation:**
- Evaluate and compare existing company benefits with those of other employers by analyzing other plans, surveys, and other sources of information.
- Recommend plan changes or new benefit offerings to management.
- Monitor the effectiveness of current benefits programs and recommend improvements.
- **Cost Management:**
- Manage benefits costs to ensure alignment with the company's budget.
- Analyze and report on benefits costs and trends
Years Of Experience
- Minimum of 6-8 years of experience in benefits administration, with a focus on the Indian market.
Required Minimum Qualifications
- Bachelor's degree in Human Resources, Business Administration, or a related field
- - Strong knowledge of Indian labor laws and benefits regulations.
- - Excellent interpersonal, communication, and negotiation skills.
- - Proficiency in MS Office and HRIS systems.
- - Strong analytical skills and attention to detail.
- - Ability to manage multiple tasks and prioritize effectively.
Primary Skills (must Have)
- - Strategic thinking
- - Problem-solving
- - Customer service orientation
- - Negotiation skills
- - Attention to detail
- - Teamwork and collaboration
Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.
