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Total Rewards Manager
autolivgroup
Location not specified1y ago
About the role
- Develop and execute a local/global compensation strategy that supports the company's business
- Conduct regular benchmarking analyses to evaluate the effectiveness and competitiveness of compensation plans
- Establish and maintain a consistent and transparent job evaluation system to determine appropriate salary levels
- Design and maintain salary structures that reflect internal equity and external market competitiveness
- Design and administer performance-based merit programs, including bonuses (KPI), rewards for talents group,
- Design and administer minimum wage with the highest efficiency and the most equality
- Monitoring the administration of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other employee perks
- Build/manage a team to achieve the most efficient operation like monitor the effectiveness and cost- efficiency of benefits programs ensuring compliance with applicable laws and regulations
- Build/manage a team to be knowledgeable and enthusiastic in ensuring that how to Develop and maintain policies, procedures, and guidelines related to compensation and benefits programs.
- Build/manage a team by educating and encouraging development skiI| for ensure compliance with legal and regulatory requirements and stay updated with industry trends and best practices.
- Build/manage a team to ensure accurate and timely reporting of compensation and benefits data to internal stakeholders and external entities, as required.
- Stay informed about relevant laws and regulations related to compensation, benefits, and payroll, and ensure compliance across all locations.
- Generate reports and recommendations to support informed decision-making and continuous improvement
- Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our company's strategy and business goals.
- Develop a consistent compensation philosophy in line with work culture and organizational objectives
- Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc.)
- Monitoring the organization's salary scheme and benefits provision to ensure a balance between control of costs, attracting & retaining staff as well as competitive with market.
- Participate in salary and labor market surveys to determine prevailing pay rates and benefits.
- Manages payroll operation with C&B and Finance team to ensure on time and accurate payments to employees and relevant reports such payroll report, social security filings, Provident fund documents are submitted on time and accurately.
- Advise managers, supervisors, and employees on interpretations of compensation policies and practices.
- Execute monthly and quarterly forecasting and variance analysis with C&B and Finance team to be on time and accuracy.
Perks & benefits
- Medical Insurance
- Equity Compensation
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