Total Rewards Policy Expert

1. POSITION PURPOSE
Responsible for developing, reviewing, and enhancing total rewards policies; analyzing workforce and compensation data; and supporting the management of salary structures and job grades to ensure market competitiveness, internal equity, and alignment with the Company's business strategy.
2. KEY RESPONSIBILITIES
2.1. Total Rewards Policy Development
• Research, develop, review, and update policies related to salary, incentives, allowances, benefits, and employee recognition programs.
• Evaluate the effectiveness of existing policies and recommend improvements aligned with the HR strategy and business requirements.
• Develop principles, criteria, and guidelines for salary reviews, incentive programs, and other total rewards initiatives.
• Conduct scenario modeling and impact assessments before implementing new or revised policies.
2.2. Salary Structure and Job Grade Management
• Support the development, review, and maintenance of the job title framework, job grading structure, and salary ranges.
• Analyze job value, scope of responsibilities, complexity, and organizational impact.
• Participate in or coordinate job evaluation and job grading activities using the Mercer IPE methodology.
• Review alignment among job titles, job grades, job value, and compensation levels.
• Recommend solutions for inconsistencies in salary positioning, job grading, or compensation structures.
2.3. Compensation Data and Market Analysis
• Collect, consolidate, and analyze salary, incentive, benefit, and workforce cost data.
• Analyze salary positioning within pay ranges, internal equity, and compensation differences across job groups.
• Benchmark compensation levels and total rewards practices against relevant labor market data.
• Develop analytical models, reports, and dashboards to support management decision-making.
• Identify data discrepancies, anomalies, and potential risks, and recommend appropriate corrective actions.
2.4. Budgeting and Policy Implementation
• Support the annual budgeting process for salaries, incentives, benefits, and other total rewards programs.
• Develop salary adjustment scenarios and assess their impact on workforce costs.
• Participate in annual salary review, incentive payout, and compensation review processes.
• Validate the accuracy, consistency, and reasonableness of data before submission for approval.
• Advise HR Business Partners, line managers, and relevant stakeholders on the application of total rewards policies.
• Develop procedures, templates, guidelines, and communication materials related to total rewards policies.