Universal Music Group | Regional Compensation

2 weeks ago

kowloon, Hong Kong SAR China Universal Music Group Full time
Regional Compensation & Benefits Manager (Maternity Cover)

Apply locations Kwun Tong, Hong Kong posted on Posted 25 Days Ago job requisition id UMG-18649

Role Summary

The role will partner with People, Inclusion & Culture (PIC) leaders and team in the Greater China region & South East Asia & Korea region providing full support in relation to Compensation & Benefits initiatives and Payroll operations. The role will also participate in budget forecasting and payroll compliance exercises with the finance team.

About the role

Compensation

  • Collaborate with the People, Inclusion & Culture (PIC) team to develop and maintain a competitive total rewards structure for the company based on market data and effective benchmarking.
  • Manage and provide C&B services to review and develop programs and best practices such as annual salary review, annual budgeting and other reward-related activities, and develop salary structures across the region.
  • Support the design and implementation of Global initiatives with the regional PIC team.
  • Act as an internal consultant to the PIC team in the Greater China & South East Asia region on C&B related topics.

Benefits

  • Oversee employee benefits programs, including developing and implementing a local comprehensive benefits package to attract, retain, and motivate employees.
  • Establish and maintain relationships with external providers.
  • Manage annual review/renewal exercises of benefits programs with external brokers/providers and monitor overall benefits costs to assure competitive pricing for all benefits program components.
  • Design and execute employee communications relating to benefits.

Payroll

  • Oversee payroll function to ensure timely and efficient payroll operations for 10 territories for UMG, UMP.
  • Manage effectively the Payroll Outsourcing Regional Contacts and local agents (third-party vendors).
  • Review and reconcile the monthly payroll reports to ensure accuracy and compliance with local statutory requirements and internal control.
  • Manage payroll bank processes in compliance with Global Treasury team requirements to ensure timely payment to employees.
  • Manage third-party vendors to ensure timely statutory social insurances and tax filing on a monthly, quarterly, and yearly basis.
  • Execute global stock schemes with global PIC teams in compliance with local regulations.
  • Responsible for payroll-related audits with external auditors and internal control assurance/internal audit.

Budget & Payroll Forecasting

  • Support the PIC team with preparation of Labour costs, Overheads, and Headcount reports for finance activities including annual budgeting and quarterly forecast requirements.

Desirable Traits:

  • University degree, preferably in a relevant field with HR related coursework.
  • 8+ years in relevant C&B roles.
  • Strong knowledge of employment laws; multi-country experience in Asia preferred.
  • Demonstrate strong attention to detail (critical) and able to query/identify inconsistencies and challenge ideas constructively.
  • Able to work independently yet possess a strong teamwork ethos.
  • Proven ability to handle confidential and sensitive information appropriately.
  • Strong written, communication, and presentation skills.
  • Strong technical skills in Excel and PowerPoint.
  • Can-do attitude, with a hands-on approach to problem-solving and able to work under pressure. Able to deliver on time.
  • Good command of both written and spoken English & Chinese including Putonghua.
Job Category: People, Inclusion & Culture #J-18808-Ljbffr

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