Total Rewards Lead

Mô tả Công việc
1. Policies and Procedures
Provision of a comprehensive total rewards solution for the organization.
Lead the review of the remuneration strategy, remuneration policy, remuneration systems, and guidelines.
Guide and assist in the development, implementation, and administration of rewards and employee benefits policies.
2. Remuneration
Serve as a liaison with reward companies on compensation and benefits issues for salary benchmarking purposes.
Conduct market analysis and ensure that all programs (pay structures, benefit plans, etc.) are competitive.
Engage in wider remuneration and benefits communities and participate in industry activities by providing appropriate insights and inputs.
Advise the organization on compliance requirements of reward policies, relevant systems and tools.
Monitor the impact on budget and payroll margins and advise the organization accordingly.
3. Staff appointment analysis
Provide recommendations on salary offers and promotions following the organization's policies to prevent anomalies.
Ensure that the quarterly appointment reports are prepared and analyzed to ensure the effectiveness of our attraction and retention strategy.
4. Annual performance reviews
Manage the organization's annual performance process, ensuring that contracting and assessments are done periodically.
Lead the promotions cycle processes and provide analysis of the impact of the outcome to ensure efficiency and effectiveness.
Assist in drafting submissions to the organization's leadership and BoD.
Coordinate the annual bonus process and its implementation
5. Staff turnover analysis
Ensure that staff turnover analysis is provided quarterly and the organization is informed of major challenges.
Ensure consolidated turnover reports are submitted annually in preparation for annual increases.
Establish the effectiveness of the organization's attraction and retention strategy.
6. Benchmarking and survey participation
Conduct internal and external benchmark studies to ensure that the organization's salaries, incentives, and retention strategy are competitive and responsive to the market.
Participate in salary, benefits, and relevant industry surveys and provide a proactive review of market pay and benefit position.
Participate in salary and wage movement surveys to determine annual increases and prepare annual budgets.
Oversee that the job matching exercise is done to ensure the accuracy and relevance of the information provided for benchmarking.
7. Employee Recognition
Review the recognition statement document periodically to ensure its relevance and alignment with organizational objectives.
Ensure alignment between organization-wide and unit recognition statements.
Facilitate the organization's wide program biennially.
Prepare presentations to the organization's leadership for approval.
8. Long-term and short-term incentives
Review and maintain the awards policy for relevance.
Develop and maintain short-term incentives for the organization.