Job Description

Description

Primary Objective:

Provide input and support on strategic design, development and implementation of compensation and benefits programs. Manage Total Rewards Philosophy and oversee implementation of rewards/ mobility programs
Key Responsibilities:

• Develop, review & update reward & salary competitiveness within industry as part of motivation factor towards achieving highly effective performance to meet total business needs & objectives \xe2\x80\x93 local & overseas
• Analyse the market trend and develop strategies for competitive market outlook
• Analyse and evaluate reports on rewards in areas such as compensation and benefits
• Benchmarking reward policies and processes against industry practices.
• Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
• Design & implement the framework for annual increment & bonus and to establish a structured Reward Framework
• Provide input & recommendation on retention case of talent & critical staff
• Develop and implement benefits packages that are competitive and in line with corporate guidelines.
• Taking lead in reviewing existing policies for expatriate management and streamlining them down to a consistent framework
• Design, evaluate and modify benefits policies to ensure that programs are current, competitive and in compliance with legal requirements.
• Provide input on business unit\xe2\x80\x99s needs to enable support the business partners in meeting their objectives.
• Provide expertise, guidance and support on matters related to Compensation & Benefits to all staff

Requirements

Requirements:
Bachelor Degree - Any related field(s).

• Minimum 7-8 years experience in compensation and benefits in an established financial services institution

• Excellent interpersonal and communication skills
• Strong planning, organising and analytical skills
• Strategic thinker, proactive, able to multi-task
• Able to build relationships with strong diplomacy, negotiation and influence skills

Benefits

Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards

RHB Bank