Compensation & Benefits Partner

2 weeks ago

Pasir Panjang, Singapore Samsung Electronics Full time

Position Summary
- The Compensation & Benefits Partner contributes to the growth and profitability by ensuring that pay structures and benefits are competitive, and that they are designed and managed to attract and retain a quality workforce.
- He/She will also monitor salary structures, balance staffing needs with costs controls and help ensure that policies, procedures and programmes are in alignment with the organization’s overall strategic objectives as well as with the People strategy.

Role and Responsibilities
- Review the total C&B structure for Singapore subsidiary including total cash component, reward strategies and sales incentive projects, to ensure market competitiveness and internal equity
- Prescribe and implement C&B guidelines on how to attract, reward and retain employees, while ensuring alignment with the Company’s business objectives
- Recommend industry best practices with an aim to attract and retain talent, ensuring smooth effective implementation
- Execute C&B initiatives and support the Head of People in the engagement with the business units
- Conduct regular review of compensation structure including participation of C&B and job benchmarking surveys by Mercer, SNEF and other consultancy companies
- Drive impactful communication to key stakeholders to obtain buy-in and seamless execution
- Manage the job analysis and job evaluation process for all employees
- Engage key stakeholders in discussions including salary proposals, evaluation assessments, annual merit increment and promotion cycles
- Review GPMS evaluation results for business units and drive the calibration process to ensure overall equity in accordance to the regional performance policy guidelines
- Drive Samsung’s bi-annual Management Business Objectives Incentive process as well as Sales Incentive Programme, including participation in the KPI setting process
- Assist to prepare the annual manpower budget

Skills and Qualifications
- Degree in Human Resource Management or other relevant disciplines
- Minimum 7 years of C&B Experience
- Numerically-inclined with a keen analytical ability
- Proficient in Singapore Employment Act and other MOM and TAFEP guidelines
- Proficient in Microsoft Office
- Strong interpersonal and communication skills
- High degree of initiative
- Meticulous and detail-oriented
- Ability to work independently and navigate through ambiguity
- Ability to multi-task and respond to rapid changes in a fast moving dynamic business environment

LI-SEAO #LI-MidSenior

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