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Lead, Rewards and Performance
3 weeks ago
Lead, Rewards and Performance
Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
The Rewards & Performance Lead is responsible for implementing effective reward strategies and managing performance frameworks that drive employee engagement and align with the company's business objectives.
The Rewards & Performance Lead ensures that compensation and benefits programs are competitive and support a high-performance culture. This role collaborates with various departments to integrate reward and performance initiatives seamlessly into the overall HR strategy, contributing to the company's success.
**What you will be responsible for driving**:
Rewards:
- Collaborate closely with Group Rewards to implement Rewards strategies on a local context.
- Conduct market research and benchmarking to ensure competitive compensation and benefits offerings.
- Provide guidance and support to senior management on reward-related matters.
- Oversee policies and SOPs related to Compensation and Benefits.
- Monitor and analyze the effectiveness of reward programs and make recommendations for improvements.
- Lead the annual total compensation review exercise, including managing of budget requests to Group/Management.
- Lead the annual benefits review and insured benefits renewal exercise.
- Ensure compliance with relevant laws and regulations related to compensation and benefits.
Performance Management:
- Execute performance management frameworks, including goal setting, performance reviews, and feedback mechanisms.
- Promote a culture of continuous feedback through the use of the company's 360-degree feedback tool.
- Facilitate and ensure all necessary tools and systems for the performance management process are set up, tested, and ready for launch in accordance with performance management timelines.
- Leading the annual performance review exercise.
Leadership and Management:
- Lead and mentor 2 team members, providing guidance and support to ensure their professional growth and success.
- Stay informed about industry trends, regulatory changes, and best practices in total rewards and performance management
**Who we are looking for**:
- Relevant experience with strong knowledge and hands-on experience of Total Rewards and Performance Management;
- Enthusiastic and confident individual with the ability to interact well with people on a personal and professional level and to thrive in a fast-paced, high-pressure environment;
- Effective communicator who is comfortable presenting programs and plans to employee groups, HR and leadership teams;
- Strong analytical capabilities and able to analyse trends, surveys, and spreadsheets to determine C&B strategies;
- A good problem solver who is comfortable navigating ambiguity
Job ID 24120251
