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Executive Director of Compensation and Benefits
2 months ago
We are seeking an experienced Executive Director of Compensation and Benefits to join our team at Worldwide Consulting Group. The successful candidate will be responsible for developing and implementing corporate reward strategies that align with our organization's vision and mission.
Key Responsibilities- Develop and Implement Corporate Reward Strategies
- Design and implement a professional corporate reward framework that supports business objectives and is market competitive.
- Develop and maintain a performance-driven culture that attracts, retains, and motivates top talent.
- Oversee Executive Compensation
- Provide support on Remuneration Committee related matters and ensure confidential/sensitive matters are handled discreetly.
- Ensure compliance with statutory requirements and maintain a high level of corporate governance.
- Act as a Strategic Business Partner
- Work closely with senior line management and HR teams to drive new initiatives and support business operations.
- Anticipate, resolve, and participate in the planning of reward-related matters.
- Oversee Performance Management Systems
- Develop action plans on performance management systems, annual pay reviews, and special pay reviews.
- Make recommendations on performance-based incentives and consider local pay trends, pay levels, and staff sentiment.
- Formulate and Implement Corporate Long-Term Incentive Plans
- Develop and implement corporate long-term incentive plans, including share incentive schemes, to enhance staff attraction, motivation, and retention.
- Align scheme participants' interests with corporate objectives.
- Put in Place an Effective Salary and Grading Structure
- Develop and maintain an effective and equitable salary and grading structure.
- Ensure internal and external equity through professional job evaluation and market benchmarking.
- Oversee Corporate-Wide Pay and Benefits Programs
- Have an oversight role over the day-to-day administration of corporate-wide pay and benefits programs.
- Ensure schemes are effectively and professionally managed.
- Conduct Strategic Reviews and Oversee Procurement/Renewal Process
- Conduct strategic reviews of corporate reward/benefit programs.
- Oversee the procurement/renewal process to ensure market competitiveness, cost-effectiveness, and alignment with best market practices.
- Act as a Management Representative
- Meet with Staff Consultative Committee/Unions on pay and benefits-related matters.
- Build harmonious and supportive relationships and sustain a positive staff climate.
- Have an ownership and oversight role over corporate reward management.
- Supervise the Performance and Reward team.
- Manage corporate medical schemes and retirement schemes.
- Extent and nature of authority to exercise judgment or make decisions without referring to higher levels.
- Make recommendations on corporate reward strategies, pay and benefits philosophies/policies/structures/systems/programs.
- Make daily management and operation decisions regarding performance and reward-related matters.
- Authorize payment and expenses.
- Accountable for the quality of deliverables and services.
- University degree in Business Administration/Human Resources Management or relevant disciplines.
- 20 years' human resources experience, of which at least 10 years should be at a managerial level in reward management.
- Specialist Training: Labour/employment related ordinances, corporate governance, job evaluation methodologies, survey methodologies, and analytical skills.
