Compensation Partner II

4 weeks ago

Hong Kong, Hong Kong SAR China Avnet Full time


Job Summary:

Responsible for design and development of global/regional total rewards programs and processes, which may include any compensation or benefits related plans, programs or processes. Oversees the implementation of such plans and processes in conjunction with the Service Delivery Center (SDC) and/or HRBPs/VPs . Provides global services in broad-based compensation, executive compensation, sales compensation, benefits, and other specialized areas of compensation or benefits.


Principal Responsibilities:

  • Plans, designs, and develops global/regional compensation programs (i.e. base pay, incentive, and other reward programs) including evaluating cost and effectiveness of programs.
  • Provides analytical and technical support, design and implementation of the organization's total rewards strategy.
  • Supporting the design and development of executive compensation packages, including base salary, incentive and LTIP; supporting the global LTIP process, including budgeting, supporting HR and business leaders, communications, and analysis decision making; supporting the creation of materials for compensation committee meetings, including researching executive compensation.
  • Responds to compensation surveys and specials studies; ensures compliance with local regulatory requirements; compensation policy governance; assess pay equity; perform quantitative data analysis, as required.
  • May design benefit plan programs and provisions, including modeling cost impacts; design employee health and wellness programs; supporting establishment of global benefits inventory, including collecting cost and contract information, and reporting on such to management.
  • Works with the Service Delivery Center (SDC) to prepare and produce required regulatory reports and materials; audit benefit plans to ensure compliance with plan provisions and legislated requirements.
  • Provides total rewards consultation and support to the business and HRBPs/VPs.
  • Reviews proposed salary adjustments for conformance to established guidelines, and recommends corrective or alternative actions to resolve compensation-related inquiries.
  • Recommends organization salary structure movements and salary increase budgets and administers annual compensation programs.
  • Reviews and updates job descriptions.
  • Audits the compensation function for process improvement opportunities and conducts research and internal/external benchmarking studies of best practices.
  • Other duties as assigned.


Job Level Specifications:

  • Extensive knowledge and application of principles, theories and concepts. Complete knowledge of all job functions and the broad industry best practices, techniques and standards.
  • Develops solutions to complex problems where analysis of situations and/or data requires in-depth evaluation of variables. Determine best approach to achieve results and provide suggestions to improve policies and procedures.
  • Work is performed independently and requires the exercise of judgment and discretion. Exercises considerable latitude in determining objectives and approaches to assignments. Work may be reviewed at a high-level.
  • May represent the organization as a primary contact on assignments and/or projects. Interacts with senior professionals and management and frequently coordinates work between departments or organizations.
  • Actions may impact the organization. Failure to accomplish work will result in the inability to reach crucial organizational goals. Erroneous decisions may have a prolonged effect resulting in the expenditure of substantial resources.


Work Experience:

  • Typically 5+ years with bachelor's or equivalent.


Education and Certification(s):

  • Bachelor's degree or equivalent experience from which comparable knowledge and job skills can be obtained.


Distinguishing Characteristics:

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills.

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