Head of Global Compensation

2 weeks ago

Makati City, National Capital Region, Philippines weSource Management Consultancy Firm Full time

We are looking for Head of Global Compensation & Benefits for our client located in BGC

Salary: Up to 230K

Set-up: Hybrid

Shift:Flexible/Shifting Schedule

Purpose:

The Head of Compensation & Benefits for the Global Delivery Unit is a dynamic role thatinvolves collaborating with Corporate HR and HR leaders to provide expertise on Rewardspolicies and programs. The role includes working on various global Rewards cycle activities andprojects, with the goal of enhancing the service provided by the Rewards Team. The positionrequires close collaboration with the HRBP for the Global Delivery Unit, International RewardLead and Corporate Reward Lead to align all Rewards programs with the Company's RewardsPhilosophy. As Head of Compensation & Benefit, you will be responsible for the entireCompensation & Benefits process, including policy development/alignment, annualbenchmarking, pay review processes and HR team training within the Global Delivery Unit. Therole also involves advising the HR team on all Compensation & Benefits issues, with supportfrom a reward team. The position also entails support on developing, refining, and maintainingglobal Executive Compensation programs and policies to promote global consistency andefficiency. This is a demanding role that requires the ability to work under pressure, is open todrive and manage change and competing demands and maintain high attention to detail

Scope:

The Head of Compensation & Benefit GDU scope covers leading the India Payroll Team,Managing Pay Review and Benefit programs/processes, driving policy alignment across eachlocation to ensure global standards across the Global Deliver Unit.

Key Objectives:

  • Provide compensation leadership on a variety of compensation program design andimplementation, year-end and year-round compensation planning.
  • Partner with business unit leaders, HRBP and broader Total Rewards teams todevelop and deploy total rewards solutions that drive outcomes for the business and are linkedto client's overall Total Compensation strategy/philosophy.
  • Provide proactive and strategic business support understanding key businesschallenges and opportunities and proactively providing solutions to enable company to achievetheir growth objectives.
  • Educate HR and Business Leaders on Compensation programs and build a strongteam of Compensation business partners to help the business achieve its objectives andimprove the Total Reward Talent pipeline. Undertakes related global and internationalcompensation project work in partnership with the global / international Compensation function.
  • Lead compensation workstream for any projects and contribute to other strategiccompensation projects.
  • Carries out complex initiatives involving multiple disciplines and/or ambiguous issuesand displays a balanced, cross-functional perspective, liaising with the business to improveefficiency, effectiveness and productivity.
  • Use data, analytics, and internal/external insights to develop solutions that help drivebusiness results. Oversee the participation in various compensation surveys and themanagement of the market data process, including job matching and data analysis. Monitorsalary levels and market positioning throughout year.
  • Provides input to the departments budget, expense management and makes staffingdecisions including salary and incentive recommendations.
  • Annual Review Cycle: Lead the Compensation team to manage and implement theAnnual Review Cycle (ARC) for the region.
  • Provide guidance to Business Unit Leaders, HR Managers and (S)HR Business
  • Partners/Advisors on salary and incentive proposals. This includes providing oversight on themanagement of the annual compensation cycle for regulated roles.
  • Provide guidance and recommendations to business units regarding incentive allocation andmonitor application of incentive model.
  • Regulatory Compensation: Keep abreast of changes to regulatory legislation impactingcompensation practices in Financial Services and propose solutions for implementation incompany.
  • Prepare and present materials for senior leadership team, governance groups andglobal Compensation Committees.
  • In partnership with other HR COEs, ensure processes, performance documents (where applicable) and contracts are aligned with the regulatory expectations. Ensuring governance is
    in place and monitored.

People

  • Ensure and drive high engagement of our people
  • Ensure a highly skilled team now and in future aligned with our corporate peoplestrategy
  • Develop and implement training plans to ensure that the Reward function has the rightskill, now and in future
  • Implement effective Performance Management

Qualifications:

  • We seek a leader who brings a comprehensive background in Compensation & Benefits,managing total reward on a global scale in a services organization (10 years +).
  • Experience of managing teams (onsite/hybrid) is a must with the ability to effectivelywork in global matrixed organization.
  • Brings a deep understanding and knowledge on how to manage Global Rewardprocesses with SuccessFactors.Ability to interpret and apply regulatory legislation to applicable Compensation policiesand procedures.
  • Strong leadership skills to lead and manage a team of Reward & Payroll Specialists,providing guidance, coaching, and support to ensure the team is equipped with thenecessary skills, knowledge, and empowerment to deliver high-quality services tocustomers.
  • Great at building relationships with key stakeholders based on mutual respect and trust.
  • Highly effective when working within a matrix. Excellent communication, presentationand collaboration skills are essential.
  • Obsessive about Reward Topics within a diverse customer base and a naturallyinquisitive and proactive person, asking insightful questions to obtain early identificationof opportunities, risks, and innovative thinking. Aware of the latest developments inReward, such as Skill based Reward Systems.
  • Demonstrates the ability to analyze complex problems, creativity, and innovation inapplying solutions for the benefit of the customer/stakeholder.
    Able to achieve outcomes by exercising influence through use of knowledge andexperience.
  • Able to manage projects and change effectively and ensure that projects are
    implemented smoothly, without disrupting service delivery and client satisfaction, on timeand within budget.
  • Value the Diversity of our people and locations, demonstrating cultural empathy and theability to build and live a « customer centric » culture based on our Way andvalue set.

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