As a Total Rewards Strategist, you will play a critical role in designing and implementing total rewards strategies that align with the company's goals in talent attraction, retention, and development. This involves leveraging data analytics to drive evidence-based decisions and improve HR processes, ensuring a competitive edge in the market.
Main Responsibilities
* Compensation Policies & Total Rewards Management:
- Collaborate closely with senior leadership to define strategic compensation and reward frameworks.
- Monitor and analyze the compensation structure and benefits package to ensure both market competitiveness and internal equity.
- Evaluate market trends to propose and implement innovative compensation packages that meet organizational objectives.
- Ensure compliance with international policies, including rate range standards.
* Incentive Systems & Compensation Reviews:
- Develop and manage comprehensive, organization-wide incentive plans with a focus on accurate implementation and regulatory compliance.
- Assist managers in establishing performance criteria and incentive targets that drive organizational success.
- Forecast and monitor the financial impact of incentive programs on overall labor costs.
- Develop, update, and communicate guidelines to support compensation review processes and managerial decision-making.
* Compensation Analysis & Benchmarking:
- Coordinate participation in market compensation surveys and benchmarking studies to remain aligned with industry standards.
- Analyze compensation data and prepare detailed reports to inform strategic decision-making.
- Implement and maintain job grading systems (e.g., Mercer) through regular reviews and updates.
* HR Information Systems (HRIS) & KPI Management:
- Oversee the development, integration, and maintenance of HRIS tools to optimize HR processes and ensure data integrity.
- Define, monitor, and update key HR metrics related to compensation, retention, and performance.
- Collaborate with IT to enhance system integration and automate HR processes, ensuring timely, data-driven insights.
- Troubleshoot and resolve issues with attendance management systems, coordinating with external providers as needed.
* Salary Budgeting & Forecasting:
- Support the planning, preparation, and monitoring of the salary budget in close collaboration with the finance team.
- Provide predictive analyses on personnel costs and evolving compensation strategies, adjusting forecasts in line with organizational changes.
- Ensure that forecast adjustments reflect ongoing strategic business initiatives and organizational dynamics.
Requirements & Skills
* Experience: In compensation & benefits strategy, compensation analysis, and incentive system management.
* Knowledge: In-depth knowledge of HRIS, HR metrics, and digital transformation within human resources.
* Analytical Capabilities: Strong analytical capabilities with a demonstrated ability to interpret complex compensation data.
* Technical Skills: Proficiency in Excel and business intelligence tools for comprehensive HR analysis.
* Communication & Interpersonal Skills: Excellent communication and interpersonal skills, with the ability to collaborate across all organizational levels.
* Strategic Mindset: A strategic, proactive mindset with a commitment to continuous process improvement in a dynamic, international business environment.