Corporate Remuneration and Benefits Specialist
Qatar Airways
Total years of experience :4 years, 1 Months
Formulate and develop Compensation & Benefits International key processes and procedures.
• Create and update salary structures and develop merit increase guidelines.
• Conduct international pay review process while ensuring internal equity, external
competitiveness and governmental compliance.
• Create and manage the compensation dashboard to cater all reporting requirement of management.
• Key point of contact on all compensation & Benefits related matters including new offers, pay reviews, promotions, transfers ensuring policies and guidelines.
• Analyse report and recommend feedback on international operations compensation-based factors by sourcing data from industry, market surveys and bench-marking results.
• Identify benefits trends and determine their impact within the organisation as well as in the industry and market.
• Up to date international industry and market benchmarking of employee compensation and benefits.
• Effective monitoring of compensation programs.
• Timely reporting on compensation and benefits impact.
● Responsible for managing the annual salary review and bonus cycles from inception to completion which ensures the successful outcome of payments being made accurately and on time to employees. To prepare the background data and forming recommendations to Management Board. To liaise with HR colleagues to ensure the planning & implementation of the annual bonus process is well organised and communicated.
● Forward looking and up to speed with changing legislation. To assess the implications to the Firm and make recommendations.
● To ensure annual benchmarking exercises is completed on time; to evaluate competitor reward and benefits packages and make recommendations on any proposed changes.
● Manage the relationship of third party suppliers such as payroll and pensions ensuring the SLA’s are appropriate and met. Ensure contract renewals are reviewed in a timely manner that considers cost and efficiency of service received.
● Responsible for ensuring a review, and where necessary, amendments or creation of policies and procedures & processes are carried out.
● Provide or input into various management reports and requests for information.
● Attend both internal and external meetings. Develop a strong network group to the benefit of the Firm. Build and maintain influencing relationships with the Practice & Support areas.
● Responsible for the improvement, design and development of the basic reward structures in the Firm (job levels, job description policy, promotion policy, retirement planning, incentive schemes etc.) and ensure they are aligned to the corporate culture and values.
● Responsible for the development of the Reward & Benefits team and provide training to other HR colleagues and line managers in the remuneration area.
● Deal with and advise on exceptions in remuneration areas (pay mix etc.)
-Present reward related topics to HRBPs, Human Resources Advisor (HRA) and Business Clients to build and transfer knowledge of Reward products and process
-Producing MI and providing in depth analysis for the Management Board of Deutsche Bank on a monthly cycle and responding to ad-hoc requests in a timely manner.
-Reconciling global employee data (90, 000 approx) to ensure data present in our bespoke Reward Management system matches expected expenditure across all business divisions
-Align with Finance with the Bonus Pool Figures to the allocated P&L accounts for DB staff globally.
-Contributing towards the research, design & development of new solutions and improving existing solutions such as the automation/streamlining of standard reporting
-Provide technical advice on equity and deferred compensation plan rules, particularly with reference to year end annual awards and ad-hoc awards
-Project management of annual compensation cycle for identified population groups outside of the year end process
-Engagement of relevant stakeholders to ensure HR and business adherence to corporate Reward governance frameworks and full compliance with all related internal and external regulations
-Support HRBPs in the annual job matching and compensation benchmarking process including liaison with external market data providers and subsequent preparation of market data analysis for internal clients