Manager, Total Rewards

4 days ago

Singapore ASMPT SINGAPORE PTE. LTD. Full time
Roles & Responsibilities

Job Overview:

ASMPT is seeking a highly motivated and experienced Manager for Total Rewards to join our Global Rewards team. It is a high-profile role that partners closely with the Senior Manager and Global Total Rewards Leader and regularly interfaces and engages with Chief People Officer and HR leadership team. The role is key in contributing to and supporting the development of a robust Total Rewards strategy that aligns with our business objectives. The successful incumbent is expected to:

Lead or co-lead in the design, development and roll out of company-wide rewards programs.

Collaborates with other HR functions on global and standard rewards processes.

Collaborate with cross-functional teams (especially Finance) to ensure successful project execution.

Actively support the HR community worldwide on rewards programs, processes and requests including support in addressing local rewards programs issues to align it to global rewards principles.

Constantly challenge the status quo and recommend more effective and efficient ways of work.

Exchange with external networking groups and rewards consultants to keep abreast of latest compensation practices and trends.


Key Responsibilities:

Broad-based Compensation & Benefits (50%)

  • Annual Compensation Review Cycle

Co-lead the annual compensation review cycle planning (annual merit, bonus and share grant), ensure alignment with budgetary constraints, establish cycle timeline, setup Global People System (GPS) processes, develop communication and training materials for employees and managers etc.

Manage the end-to-end execution of the annual compensation review cycle, in close collaboration with Talent Management, Country HR, HRBP and HRIS teams, ensuring timely and smooth implementation with GPS.

Deliver communication on compensation programs and training on the usage of GPS for the cycle.

Ensure guidelines are understood, processes are followed, and proper governance is observed in the execution

Carry out post-mortem to identify hiccups, issues, troubleshoot and work on improvements for subsequent cycle.

  • Benchmarking & Salary Structures

Assess and procure relevant external remuneration surveys for benchmarking.

Manage all survey participations and timely survey submissions.

Conduct salary benchmarking and market analysis for all, if not key locations, to ensure competitive pay positioning.

  • Development and review of policies and programs

Lead or co-lead development of new compensation and benefit programs or review existing programs issues from time to time.

Support harmonization of benefits globally.

Analyze the financial impact of compensation and benefits changes, providing data-driven insights to inform decision-making.


Stock Administration (30%)

Manage the processes with Legal, HR, Trustee and Broker to deliver the ongoing share awards, dividend payments, share vesting.

Liaise with Country HR and Broker for new hire account opening, authorize share vesting, managing physical share scripts and restricted share accounts.

Prepare supporting documents for share awards to Legal as part of Board resolution for approval.

Lead the evaluation and migration of corporate stock brokerage, if need arises.


Budgeting, Reporting and Analytics (15%)

Collaborate with Senior Manager to develop guidelines for merit, bonus and shares to Country HR / Finance for annual manpower cost budgeting

Partner with Country HR to develop a comprehensive labor cost model.

Prepare periodic rewards analytics and dashboards

  • Prepare periodic company-wide total target compensation report with baseline to serve ‘all purpose’.
  • Provide insights on internal and external pay equity, productivity analysis.

Prepare periodic bonus payout forecast computation for finance to update accruals.


Ad-hoc (5%)

Process improvement, streamlining and automation of rewards programs and processes


Requirements:

  • Minimum Bachelor’s degree in a related discipline (Human Resources, Finance etc)
  • Minimum 6-8 years of experience in management of Total Rewards programs
  • Stock administration experience is critical
  • Strong technical knowledge in compensation and benefits principles and practices regionally or globally
  • Strong HRIS experience, especially in Workday
  • Possess excellent Excel knowledge to handle large volume of data, highly numeric, analytical and detail-oriented
  • Strong written and oral communication and presentation skills

Tell employers what skills you have

Talent Management
Executive Management
Leadership
Streamlining
Brokerage
Process Improvement
Market Analysis
Administration
Strategy
GPS
Accruals
HRIS
Budgeting
Human Resources
Benchmarking
Surveys

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