The incumbent will contribute to the organization by taking responsibility to provide leadership, expertise and guidance in establishing and maintaining company??s rewards system through benchmarking, projection modelling and pay scale creation processes, as well as compensation analysis and re-engineering to support compensation initiatives.
Provide expert guidance on the design, deployment and management of reward frameworks, including base salary structures, grades, and procedures, policies, titling standards, job families and matrices to support a pay-for-performance culture.
Assist the Head of Compensation & Benefits in developing the Section budget.
Forecast budget for salary increases
Support and implement competitive and cost-effective compensation and benefit strategies, which are in line with corporate compensation and benefits guidelines to attract and retain talent.
Responsible for the coordination of the data collection, report development and supporting analysis.
Benchmark labor market trends and propose salary structure and adjustments to the business Model and analyze a variety of bonus & salary increase ?scenarios?, including merit matrices, to be used in establishing the graded bonus pool each year
Ensure that compensation and benefits programs, policies and procedures are communicated to all staff.
Provide education, support and coaching for existing and new Compensation & Benefits initiatives, policies and programs.
The incumbent will undertake any such related duties or responsibilities as directed.
