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  • Job reference: RMS0124105

Compensation and Benefits - KL

  • Sector: Commercial
  • Location: Malaysia
  • Job type: Permanent
  • Date posted: 03/05/2013
  • Time left:
    d h m s
    (10/05/13)
This vacancy has now expired.
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The Role:
Job Summary:
The Compensation & Benefits Analyst supports the Compensation & Benefits Manager to ensure that all Compensation & Benefits in the area of responsibility is

a) compliant with our Client's Corporate Compensation principles, policies and guidelines
b) competitive in the marketplace
c) compliant with local legal and fiscal regulations.

Relationships:
Personnel Management/Line Management/Regional Support Center Management/External Groups and Organizations

Essential Responsibilities and Duties:
- Understands and provides guidance on the Compensation and Benefits Standards and ensures compliance with the SLP7 and FP19/EBAR procedure.
* Analyzes, reviews, makes recommendation and obtains approval for changes to Compensation and Benefits at the country level to ensure that such benefits are in-line with the existing market and consistent with the Corporate principles, policies and guidelines.
* Assists in the development of Home Country policies and procedures to support the compensation and benefits function.
* Participates in local relevant market surveys for both Compensation and Benefits
* Participates in Compensation & Benefit Reviews to monitor and maintain market positioning
* Answers employee queries and helps communicate to them on compensation & benefit matters and plans
* Maintains a working knowledge of governmental legislation influencing compensation and benefits
- Complies with all applicable our Client standards and policies
* Assists with the coaching and development of new team members
* Identifies and participates in continuous improvement initiatives
* Assist in maintaining HR InTouch with current documentation and information
* Participates in due diligence during mergers and acquisitions
* Coordinates communication of compensation & benefits related matters and plans to employees and other members of the HR Community
* Compensation Related:
- prepares compensation packages and assignment letters for assigned population, and explains package components to employees and/or management
- Assist in job evaluations as required
- Assist and participates in salary surveys and build current salary structures as required
- Assist Personnel Managers with the annual merit process (SLP 11) to incorporate market and business input

* Benefits Related:
- Monitors and understands all changes to statutory requirements to ensure that benefit plans are compliant with government regulations
- Owns and maintains the information contained within BenTrack (benefits management system) for area of responsibility and coordinates with local benefits owner.
- Participates in discussions with plan administrators and carriers to assist in the management of services.
- May assist in the billing and payment process with cooperation from Finance
- Assists in the preparation of any government filings, benefit plan audits, or other tax reporting requirements.
- Supports the development of clear and concise benefits management systems including best practices to ensure smooth execution of benefits administration.
- Ensure compliance with the Data Privacy & Protection Guidelines and relevant legislation.

Employees may be assigned other duties, in addition to, or in lieu of those described above, according to the needs of the location or Company.
Previous Experience and Competencies:
University Degree (Master) with 2-3 years' Personnel/Compensation/Benefits experience.

Behavior:
Leading by example: Strongly protects and acts as guardian to our Values, Policies and Personnel Principles and encourages employees to do the same.

Visible and accessible: Is visible, approachable and available to all employees.

Results oriented: Delivers the right thing, on time, with quality and accuracy.

Proactive: Identifies, assesses and addresses potential issues in the workplace. Actively promotes continuous improvement of HR Policies and Standards.

Responsive: Commits to keep employees and managers informed of status of queries, issues, or concerns, and follows up through closure.

Trustworthy: Establishes a relation of trust with employees through openness, adherence to commitments, and maintains confidentiality.
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