Epicareer Might not Working Properly
Learn More

Senior Compensation & Benefits Executive

RM 3,000 - RM 3,499 / month

Checking job availability...

Original
Simplified
Rewards & Recognition • Design and implement reward and recognition programs to enhance employee motivation and engagement. •Manage the employee recognition framework, including awards for service excellence, long service, and outstanding performance. • Coordinate company-wide recognition initiatives and events to celebrate employee achievements. • Monitor the effectiveness of reward and recognition programs and recommend improvements. Staff Benefits • Oversee the administration of employee benefits programs, such as medical insurance, retirement plans, leave entitlements, and wellness initiatives. • Review and enhance the organization’s benefits offerings to ensure competitiveness and alignment with industry standards. • Manage relationships with benefits providers, ensuring timely renewals and resolving employee queries. • Communicate benefits programs effectively to employees to ensure understanding and engagement. Bonus & Increment Analysis • Conduct annual salary and bonus reviews, analyzing individual and team performance to ensure fair and transparent rewards distribution. • Collaborate with HR leadership and finance teams to develop bonus structures and increment budgets. • Prepare detailed reports and recommendations for management on bonus and increment distribution. • Ensure all bonus and increment decisions comply with company policies and labor laws. Market Salary Benchmarks • Conduct regular salary benchmarking exercises using industry data to ensure competitive pay structures. • Analyze market trends, salary surveys, and economic factors to inform compensation strategies. • Provide recommendations to HR leadership on salary adjustments and alignment with market standards. • Maintain a database of market benchmarks and internal salary ranges for reference in recruitment and retention strategies. Compensation Strategy and Compliance • Support the development and execution of the organization’s compensation strategy to attract and retain talent. • Ensure compliance with statutory requirements and labor laws related to compensation and benefits. • Review and update compensation policies and procedures to align with organizational objectives and market changes. Reporting and Analytics • Prepare detailed reports and dashboards on compensation trends, benefits utilization, and reward program effectiveness. • Monitor and analyze compensation data to identify gaps and areas for improvement. • Provide insights and recommendations to management to support data-driven decision-making. Stakeholder Collaboration • Work closely with HR Business Partners, Payroll, and Finance teams to ensure smooth execution of compensation and benefits programs. • Act as the main point of contact for employees on compensation and benefits-related queries. All ad hoc job-related functions as and when required.