HR Compensation

2 days ago

Singapore VISIONPOWER SEMICONDUCTOR MANUFACTURING COMPANY PTE. LTD. Full time

**About Us**:
VisionPower Semiconductor Manufacturing Company Pte Ltd ( VSMC ) is a new joint-venture 300mm semiconductor wafer manufacturing facility to be built in Singapore. We are looking for committed, resilient and passionate talents to launch a promising future that power the next generation devices and systems. If you share the same passion to pursue excellence, join us to make an impact and be part of something special

**Key Responsibilities - COMPENSATION & BENEEFITS & TOTAL REWARDS.**
- Design and implement C&B plans and policies, including wellbeing projects and process to enhance employee experiences for talent attraction and retention and aligned to company objectives. Develop and maintain policies and procedures related to compensation and benefits programs that comply with legal and regulatory.
- Salary Structure Design: Developing and maintaining salary bands and structures to ensure fair and competitive pay for all positions.
- Market Analysis: Conducting regular benchmarking and market analysis to ensure compensation stays competitive within the industry.
- Performance-Based Pay: Developing performance-based incentive, like bonus to align employee goals with company objectives.
- Benefits Administration: Overseeing benefits programs including health insurance, retirement, and wellness initiatives, to support employee well-being.
- Compliance: Ensuring all compensation practices meet regulatory requirements, including equal pay, wage laws, and tax regulations.
- Budgeting and Forecasting: Collaborating with finance to budget for compensation and forecast salary and benefit expenses.
- Employee Communication: Effectively communicating compensation policies and benefits to employees to drive engagement and satisfaction.Reporting and Analytics: Analyzing compensation and benefits data to assess program effectiveness and support strategic decision-making.

**Essential Experiences & Skills and Attributes**:

- Degree in HRM or the related domains with good knowledge of employment laws and HR practices.
- Minimum 3-5 years of recent experience in Compensation & Benefits & Total Rewards.
- Ability to develop a strong understanding of the industry, conduct benchmarking and implement best practices for the organization.
- Strong analytical and problem-solving skills to achieve positive results and outcome. Proficient in Microsoft Excel, Power Point, PowerBI/Tableau, Workday and/or SuccessFactors is a plus.
- Strong interpersonal skills, and able to build strong relationships with stakeholders. Flexible, multitasker, and an excellent team player that can work under pressure in a dynamic and fast-paced, rapidly changing environment.
- Has a growth mindset, prioritizing adaptability, resilience, innovation, and ongoing learning to support business needs
- VSMC promotes diversity and inclusivity in our workforce; and hiring will be conducted in phases._

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