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Compensation & Benefits Partner

Samsung Electronics

Samsung Electronics

Accounting & Finance
Posted on Tuesday, January 2, 2024

Position Summary

This role will cover Singapore subsidiary and Regional HQ employees, with the overall objectives of maintaining a competitive total rewards practice to attract, engage and retain employees.

The C&B Partner will monitor salary structures, balance staffing needs with costs controls and help ensure that policies, procedures and programmes are in alignment with the organization’s overall strategic objectives as well as with the People strategy.

Role and Responsibilities

  • Engage with HR Partners, Managers, Head of Functions, People Team and Regional People Leaders on matters related to C&B proactively
  • Review the total C&B structure including total cash component, reward strategies and sales incentive projects, to ensure market competitiveness and internal equity
  • Prescribe and implement C&B guidelines on how to attract, reward and retain employees, while ensuring alignment with the Company’s business objectives
  • Recommend industry best practices with an aim to attract and retain talent, ensuring smooth effective implementation
  • Execute C&B initiatives and support the Head of People in the engagement with the business units
  • Conduct regular review of compensation structure including participation of C&B and job benchmarking surveys by Mercer, SNEF and other consultancy companies
  • Drive impactful communication to key stakeholders to obtain buy-in and seamless execution
  • Manage the job analysis and job evaluation process for all employees
  • Engage key stakeholders in discussions including salary proposals, evaluation assessments, annual merit increment and promotion cycles
  • Review GPMS evaluation results for business units and drive the calibration process to ensure overall equity in accordance to the regional performance policy guidelines
  • Drive Samsung’s bi-annual Management Business Objectives Incentive process as well as Sales Incentive Programme, including participation in the KPI setting process
  • Assist to prepare the annual manpower budget
  • Adopt agile, flexible, meaningful and cost effective C&B initiatives

Skills and Qualifications

  • Degree in Human Resource Management or other relevant disciplines
  • Minimum 7 years of C&B experience
  • Numerically-inclined with a keen analytical ability
  • Proficient in Singapore Employment Act and other MOM and TAFEP guidelines
  • Proficient in Microsoft Office
  • Strong interpersonal and communication skills
  • High degree of initiative
  • Meticulous and detail-oriented
  • Ability to work independently and navigate through ambiguity
  • Ability to multi-task and respond to rapid changes in a fast moving dynamic business environment
  • Well versed with current market trends in order to provide additional perspectives for C&B improvements

#LI-SEAO #LI-MidSenior

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