BackAssistant Manager, Total Rewards
Kuala Lumpur, Malaysia
Permanent
Duties & Responsibilities
- The Assistant Manager, Total Rewards will play a key role in supporting the Head of Total Rewards by managing data analytics, interpreting insights, and executing benefits strategies. The position ensures the organization’s total rewards initiatives are data-driven, aligned with business goals, and effectively implemented to attract, retain, and motivate employees.
- KEY RESULTS AREA
- 1. Strategic Analysis and Reporting
- Collect, analyse, and interpret data related to compensation, benefits, and rewards programs to identify trends and opportunities for impingement.
- Develop comprehensive dashboards and strategic reports to provide actionable insights to HR leadership and management.
- Translate complex data into clear, concise narratives and visual presentations to support total rewards decision-making.
- Regularly assess the effectiveness of total rewards programs and recommend strategic adjustments based on findings.
- Provide scenario modelling and predictive analysis to forecast the impact of changes in rewards strategies
- Conduct cost-benefit analyses for existing and proposed rewards initiatives.
- 2. Benefits Strategy & Execution
- Assist in rollout, and administration of various employee benefit programs including flexible program to promote employee health and wellness.
- Promote employee understanding and participation in benefit programs through targeted communication efforts.
- Partnering with third-party providers to support benefit management, administration and to ensure timely and effective program delivery.
- Monitor Evaluating the effectiveness and cost-efficiency of benefit plans and suggest data-backed delivery.
- 3. Salary Benchmarking and Job Grading
- Conduct regular salary benchmarking exercises to ensure market competitiveness and internal equity.
- Assist in maintaining and updating the company’s job grading structure to reflect market practices and organizational needs.
- Provide strategic recommendations for salary adjustments based on benchmarking data, business goals, and employee performance.
- 4. Market Research and Regulatory Compliance
- Conduct regular market research on compensation and benefits trends and practices.
- Ensure compliance with local labour laws, tax regulations, and company policies.
- Benchmark total rewards offerings against industry standards to maintain competitiveness.
- 5. Total Rewards Projects
- Lead or support key projects related to compensation, benefits, and overall rewards programs.
- Develop project plans, timelines, and deliverables while coordinating with stakeholders to ensure successful execution.
- Evaluate project outcomes and measure their impact on employee satisfaction and organizational objectives.
- Enhancing employee satisfaction and engagement through meaningful rewards and recognition programs.
- 6. Regulatory Compliance & Best Practices
- Ensure that Total Rewards programs align with the organization’s initiatives and stay current with relevant laws and regulations impacting Total Rewards strategies.
- Integrate best practices and emerging trends to continually enhance the Total Rewards framework.
- 7. Stakeholder/Employee Collaboration and Communication
- Partner with HR, finance, and business leaders to align rewards strategies with broader organizational objectives.
- Serve as a key point of contact for employees’ queries regarding compensation and benefits.
- Prepare communication materials to enhance employee understanding and awareness of total rewards programs.
- 8. Cost Management
- Balancing competitive compensation and benefits offerings with cost-effective management
- The duties and responsibilities of the Employee outlined herein may be subject to change and the Employee may be required to perform additional tasks as deemed necessary by the Company
Requirements
- Bachelor’s degree or master’s degree preferably in Human Resources, Mathematics, Business, Economics, Statistics or a related field with ideally 3-5 years of relevant experience.
- Prior experience in strategic reporting, salary benchmarking, job grading and others total Rewards program.
- Possess strong data analysis skills with the ability to derive insights and recommendations.
- Possess a deep understanding of compensation, equity and benefits trends, with a focus on the fintech industry.
- Strong project management skill and time management skills to handle multiple priorities.
- Strategic and analytical thinking combined with pragmatism, diagnostic skills and hands-on implementation strength in complex Total Rewards topics.
- High energy and initiative with the ability to proactively identify issues, develop solutions, and ensure precise implementations.
- Clear and concise communication skills to manage good communication internal and external.
- A strong communicator who can build consensus and influence stakeholders across all levels of the organization.
- A strong problem-solving skill and ability to address challenges with innovative and practical solutions.
